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Newmark arranged the $27.25 million sale of 401 Coral Circle, a 56,815-square-foot R&D office facility located in El Segundo, California. The property is 100% leased on a triple-net (NNN) basis to Rivian. The buyer was Majestic Realty. Newmark’s Kevin Shannon, Rob Hannan, Ken White, Laura Stumm, Michael Moll, Ryan Plummer, Andrew Briner and Aaron Banks represented…
Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature about 200,000 square feet of Class A office space as well as 30,000 square…
In a largely stagnant U.S. housing market, consistently slow new-home sales have begotten a consistently slow pace of new-home construction for the past two years. But as high financing costs, slow buyer demand and margin pressure on home builders have persisted, top markets for newly built homes have also remained constant. Updated rankings published Monday…
When Banreservas was named the Caribbean’s best bank for SMEs in Euromoney’s Awards for Excellence 2026, the recognition marked more than a strong year of lending. It reflected a decade-long effort to reframe what an SME bank can be. At the centre of that effort is Fomenta Pymes, the bank’s flagship SME platform. In the…
The higher-coupon bonds stand a better chance of being called/refunded since “issuers can retire high-coupon debt when interest rates fall, reducing their interest expenses,” said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital. Economics are a main factor in issuers’ increased likelihood of calling bonds with higher coupons, better credit quality and larger…
Munis weakened on Monday, as U.S. Treasuries cheapened and equities ended lower. Processing Content Muni yields were cut by one to five basis points, depending on the scale. On the MMD curve, the 30-year muni reached its highest point year-to-date. UST yields rose five basis points, with the largest losses out long. Munis’ losses stemmed…
Victoria has made its rental taskforce permanent, with expanded resources set to increase scrutiny of landlords and enforcement across the state’s rental market. Following the completion of its initial two-year project, the Renting Taskforce became a permanent part of Consumer Affairs Victoria, with expanded resources in a bid to continue its crackdown on landlords. The…
Last week ended with a major event, the Fed’s annual Jackson Hole conference. The conference arrived amid a confluence of factors, from new Fed Chair Warsh’s new approach to Fed signaling to the war in Iran and, most importantly, the specter of inflation. With the Fed looking more closely at the Fed rate situation amid…
On the final episode of the “ETF of the Week” podcast, VettaFi’s Head of Research, Todd Rosenbluth, sat down one last time to discuss the Direxion Daily NVDA Bull 2X ETF (NVDU) and the Direxion Daily NVDA Bear 1X ETF (NVDD) with Chuck Jaffe of Money Life. For this last episode, the pair discussed several…
Bonds lost ground today, largely due to mechanical, month-end trading (i.e. not due to economic data, inflation, or news headlines). When bonds lose ground, rates rise, all else equal. Mortgage rates were already fairly close to longer-term highs last week. Today’s increase was just enough to nudge the average top-tier 30yr fixed rate to 6.87%–the…