Why is Direxion Daily Semiconductor Bull 3X Shares ETF tumbling today?
Why is Direxion Daily Semiconductor Bull 3X Shares ETF tumbling today?
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Carlyle Group, Haussmann Submit Plans for 99 Units at Brooklyn’s 566 Grand Avenue – Commercial Observer
Carlyle Group and Haussmann Development have plans to partner on a 99-unit apartment complex in Brooklyn’s Crown Heights neighborhood. The two developers filed plans Thursday with the New York City Department of Buildings (DOB) to bring a new 12-story mixed-use building to 566 Grand Avenue, near the corner of Grand Avenue and Bergen Street. SEE…
Newrez OKs $15.5 million settlement over insurance claims
Newrez has agreed to a $15.5 million settlement with state regulators over allegations it wrongly imposed force-placed insurance on thousands of borrowers who already had homeowners’ policies. Processing Content The Conference of State Bank Supervisors announced the deal Wednesday, which includes $4,511,242 in remediation for affected homeowners. The servicer will pay a $9.9 million administrative…
Amazon Layoffs Hit Hundreds of Employees Across Multiple Teams
Amazon employees reported a new round of job cuts across several parts of the company on Tuesday. A group of employees wrote in an internal Slack channel that they had received emails telling them their roles had been eliminated, according to messages viewed by Business Insider. The channel, which had nearly 37,000 members, quickly filled…
Housing Notes: 25 years later, Downtown Manhattan Real Estate
Never Forget. Five years ago, I was at my Midtown Manhattan office on West 45th Street (between Fifth and Sixth Avenues) by about 8 am on September 11, 2001. After the first plane hit, colleagues from around the country began emailing to check whether I was alive. That’s a weird question to have to answer,…
Prologis Buys JFK Airport Warehouse From Wildflower for $49M – Commercial Observer
Prologis is taking control of a last-mile logistics facility near Queens’ John F. Kennedy International Airport. The real estate investment trust (REIT), using the entity Prologis Exchange NY 2000, has purchased the 116,725-square-foot warehouse at 153-44 South Conduit Avenue, also known as the JFK Conduit Logistics Center, from Adam Gordon’s Wildflower for $49 million, according…
Post-crisis mortgage rules are locking creditworthy buyers out
The numbers tell a blunt story. In 2000, lenders originated roughly 1.08 million home purchase mortgages to applicants with credit scores between 601 and 660. By 2024, that figure had plunged to 293,000, a 73% drop that Pew says cannot be explained by improvements in the broader population’s credit profile. From 2005 to 2024, the share…
