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Prolific art collector Alberto Mugrabi is adding to his collection of luxury condos. A family trust tied to Mugrabi bought its fourth unit at the Schumacher, a luxury development at 36 Bleecker Street in Noho, for $8.6 million, property records show. The trust already owned the other three ground-floor units, which are maisonettes referred to…
The dissents landed in a bond market already under severe strain. Following the Fed’s latest rate decision amid geopolitical unrest, 30-year Treasury yields climbed above 5.2%, a 19-year high, as markets absorbed signals that Chair Kevin Warsh may revisit the central bank’s inflation goalposts. Warsh, who voted with the majority, acknowledged the depth of the internal disagreement….
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Earnings season hits full stride next week, with several of the market’s biggest companies set to report. Investors will be watching not only the headline numbers, but also management commentary on AI spending, consumer demand, tariffs, and the outlook for the second half of the year. Monday Before the Open AstraZeneca (AZN) Baker Hughes (BKR)…
A joint venture between Centerbridge Partners and Henderson Group has landed a $208.5 million debt package to recapitalize 40 industrial assets in Pennsylvania and South Florida, Commercial Observer has learned. J.P. Morgan Chase supplied the five-year, floating-rate loan on the sponsorship’s logistics portfolio comprising 2.3 million square feet and featuring a mix of last-mile warehouses,…
Beneath the roaring Cross Bronx Expressway, at the under-attended announcement of a study for 10,000 potential new homes, Speaker Julie Menin was not expecting to field any queries from the press. The day before, Mayor Zohran Mamdani’s administration announced it wouldn’t send anyone to testify in person at a City Council oversight hearing on the…