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The office building at 655 N. Central Ave. in Glendale DivcoWest sold a Glendale office building at 655 N. Central Ave. for $70M, less than half of what it paid in 2017 for the 24-story, 542K SF tower. The buyer was an LLC linked to West Covina-based property and asset management company Sunny Hills Management…
Key insight: Federal Reserve Chair Kevin Warsh’s push to limit his own public speaking comes as other members of the Federal Open Market Committee are speaking more than ever — and markets are listening to them, too. Expert quote: “The amount of talking about monetary policy that I did back then in the ’90s was…
A $420 million commercial mortgage-backed securities (CMBS) loan secured by 51 West 52nd Street — a 38-story tower with 893,000 square feet of office space in Midtown — will exit special servicing after sponsor Harbor Group International closed a loan extension. The $420 million CMBS loan — which makes up DBGS 2021-W52 single-asset, single-borrower deal…
Mortgage applications for new residential units declined to a 2026 low last month, but seasonally adjusted numbers show pockets of aspiring homeowners still actively in the hunt, bringing the potential for near-term sales. Processing Content New-home purchase applications fell for a fifth straight month in August, landing 5.5% below their level from a year ago,…
Issuers continue to be aggressive with ETF launches, but increasingly new products seeking to find a niche are based on leverage or riskier assets. The rancor in bond markets is pushing investors to seek alternative paths for income. These are among the investment must reads for financial advisors this week.
The region around the nation’s capital has been hit hard by the Trump administration, as cuts to federal contracting dollars, employees and office leases ripple through the submarket. But one sector pertinent to the Washington, D.C., area has seen a resource boost. The hundreds of billions of dollars the federal government is pumping into defense…
Revolut has appointed Nilesh Khatwani as Global Head of Institutional Sales, Crypto, hiring an executive with extensive institutional crypto sales experience. London’s trading industry is coming home! His appointment comes as Revolut develops crypto products for companies and professional users and prepares to offer regulated virtual-asset services in Dubai. Crypto.com Experience Carries Into New Role…
Record home equity growth unlikely to recede as 30-year rates spike – Scotsman Guide Skip to content error: Content is protected !! This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We may also share information about your use of our site with our social…
Fannie Mae mortgage servicers are now free to contact borrowers with private mortgage insurers whose policies are eligible to be cancelled, Federal Housing Finance Agency Director William Pulte said. Processing Content But for Bose George, who follows both servicers and mortgage insurers at Keefe, Bruyette & Woods, the uptake by consumers, and thus the impact…
The Reserve Bank of India (RBI) on Tuesday absorbed ₹3,93,352 crore through variable rate reverse repo (VRRR) auction amid huge surplus liquidity in the banking system. The central bank received bids worth ₹3,93,352 crore, for a notified amount of ₹5 trillion. It accepted all bids at a cut-off and weighted average rate of 5.24 per…