Putting the ROAD Act into action faces a funding and HUD gauntlet
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Executive shares secret to stronger referral partners: ‘Think like a spy’
One executive says the lack of action backing up that promise has nothing to do with not wanting to send deals to a particular broker. DJ Christofferson (pictured top), executive partner at NEXA Lending and co-founder of Dodoche, said the real problem is that referral partners forget about the broker they just made a connection…
What the Bond Market Selloff Means for Your Wallet
With America’s debt mounting and oil prices on the rise again, the bond market has been gripped by a sell-off this week. Market jitters were first triggered last week, following Scott Bessent’s plan to have the Treasury as much as double its long-dated bond purchases. The move briefly quelled yields, but they rose again as…
National Bank makes its boldest Western Canada wealth bet yet
With the Bank of Canada widely expected to hold its overnight rate at 2.25% for the sixth consecutive time on July 15, balancing an inflation rate that climbed to 2.8% in April against GDP growth of only 0.5%, lenders are sharpening their focus on fee-generating wealth services that are less sensitive to rate cycles. Expanding the…
Asian-American Deli Café Hestia Signs 8K-SF Lease at 570 Lexington Avenue – Commercial Observer
A cafe serving Asian and American cuisine is opening a fourth Manhattan location, Commercial Observer has learned. Café Hestia, a group of family-run delis, has signed a 20-year, 8,000-square-foot lease at the base of the Feil Organization’s 570 Lexington Avenue, which it will likely also use as a catering facility, according to tenant broker Kassin…
NYCHA’s Nostrand Houses Taps Public Trust Funds
NYCHA has a new source of funding — that is, if tenants choose to take it. The first NYCHA development to join the New York City Public Housing Preservation Trust is Nostrand Houses, a 16-building complex made up of 1,148 units. The Sheepshead Bay property closed on $607 million in preservation funding to modernize the…
2 AI Stocks Jim Cramer Says Are Still Worth Buying After Massive Gains
The former hedge fund manager Jim Cramer has been making bold stock calls on business-focused cable channel CNBC since the 1990s. In the mid-2000s, he launched his now-flagship show Mad Money, which airs weeknights at 6 p.m. ET. Cramer likes to go where the action is, so it’s only natural that he’s been talking a…
