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FinTechs Are Shopping for Very Different Charters
The latest wave of bank charter activity is producing institutions that may share a federal regulator while bearing little resemblance to one another. Revolut wants a national bank that could take insured deposits, offer credit cards and make loans. Circle has received final approval for a national trust bank built around digital-asset custody and USDC…
Investors Beware: HOA Foreclosures Are on the Rise and Increasingly Difficult to Stop
In This Article If you own a rental condo in a development overseen by a homeowners association (HOA), be on your guard. One missed bill could land you in a heap of trouble. The Wall Street Journal reports HOA-instigated foreclosures are on the rise—and fast. Citing real estate data and analysis company ATTOM’s findings, there…
TZERO Partners On Goldman Sachs Financial Square Treasury Instruments Fund (FTIXX)
Digital asset firm tZERO is partnering with the Goldman Sachs Financial Square Treasury Instruments Fund (FTIXX). The relationship will enable tZERO to support the regulated distribution of an existing Treasury money-market fund on a crypto institutional settlement network. FTIXX is a $100 billion government money-market fund that is now available to qualified US clients on Lynq,…
Where Sellers Are Cracking: The Housing Markets Giving Buyers More Leverage
In This Article We know the narrative: The housing market is too expensive. That, however, appears to be changing. Data from Parcl Labs shows where the ice is cracking. Sellers are beginning to blink, face reality, and cut prices. In doing so, they hope to gain a competitive edge in markets where listings are accumulating….
New Details Released for Kent Manufacturing and Innovation Campus
Growing demand from aerospace, defense, space, and emerging technology companies is driving plans for the Kent Manufacturing & Innovation Campus (KMIC), a proposed 9.3-acre industrial development in the Pacific Northwest. Mortenson is advancing the project in partnership with the city of Kent. The 9.3-acre site is emerging as a future home for specialized occupiers seeking…
Gencom Divides Into Two Business Lines With Leadership Promotions – Commercial Observer
Real estate investment firm Gencom is reorganizing into two different business lines, with new hires and promotions to match. The reorganization splits the firm, which has $8 billion in assets under management, into Gencom Capital and Gencom Real Estate, with CEO and founder Karim Alibhai continuing to steer both ships, according to Gencom. SEE ALSO:…