Private lending enters a new phase as rates rise and demand holds

Staller Associates is on the hunt for tax breaks for a Port Jefferson Station project that’s been stuck in the mud for several years. The Long Island-based developer applied for up to $7 million in sales and mortgage tax exemptions for its redevelopment of Port Jefferson Plaza, Newsday reported. Staller is also seeking 25 years…

Revenue increased 421% year-over-year as Hydreight delivered its strongest revenue quarter to date, with continued sequential growth in revenue and gross profit while maintaining strong profitability Q2 2026 Highlights Revenue of $28.0 million, an increase of 421% from $5.4 million in Q2 2025 and approximately 12.5% from Q1 2026 Gross profit of $5.4 million, an increase of…

Walk around New York and you might wonder why some blocks have little or no housing despite tremendous demand for it. You have to connect the dots. At the Arrow Linen site, a Brooklyn Council member is seeking applicants for a task force to monitor construction of 250 apartments. Um, what construction? Apex Development received…

Swiggy reported a narrower year-on-year net loss for the September quarter of FY27, supported by strong revenue growth and an increase in monthly transacting users. However, the food and grocery delivery platform continued to face profitability challenges as expenses remained elevated and investments in its quick commerce business, Instamart, weighed on operating performance. Swiggy Q2…

Mistral AI Hits $24B Valuation in Europe’s Largest Private Tech Funding Mistral AI’s Record-Breaking Funding Round and Its Implications By Inti Landauro and Elizabeth Howcroft Overview of the Funding Round PARIS, Sept 8 (Reuters) – France’s Mistral has raised €3 billion at a valuation of around €21 billion ($24 billion), in what the three-year-old AI…