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401 Coral Circle in El Segundo Majestic Asset Management bought a Rivian-leased El Segundo flex industrial building from Hackman Capital Partners for approximately $27M, The Real Deal reported. The sale price of the 57K SF building at 401 Coral Circle translates to $480 per SF, a considerable markup from the roughly $15.3M Hackman paid when…
Shares of Elastic (ESTC +19.31%) surged on Friday after the enterprise search company issued an upbeat growth forecast. Image source: Getty Images. AI-fueled gains Elastic is integrating artificial intelligence (AI) into its core search technology to help its customers transform their data into actionable insights. The strategy is working. Elastic’s total revenue jumped 15% year…
Dolly Parton, musician, actor and literacy advocate, died on Tuesday at the age of 80.
New Jersey developer Yisroel Berger has sealed a $70 million loan to refinance a newly redeveloped multifamily tower in Newark, N.J., Commercial Observer has learned. A fund managed by Dwight Investment Management, a registered investment adviser affiliated with Dwight Capital, provided the nonrecourse, interest-only loan for the 216-unit Cosmo 440 project in Newark’s South Ward…
US President Donald Trump speaks in the Rose Garden of the White House in Washington, DC, on Aug. 24, 2026. Jim Watson | AFP | Getty Images The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves as the war with Iran roils the global…
Investment teams have access to more data than ever, but more information does not necessarily mean better insight. Analysts still spend enormous amounts of time gathering filings, reading disclosures, comparing earnings calls and reconciling information across disconnected systems. At the same time, market volatility, geopolitical risk and rapidly changing investor expectations are making traditional, backward-looking…
IG Targets Premier League; Funding Pips Faces Complaints IG Targets Premier League; Funding Pips Faces Complaints IG Targets Premier League; Funding Pips Faces Complaints IG Targets Premier League; Funding Pips Faces Complaints IG Targets Premier League; Funding Pips Faces Complaints IG Targets Premier League; Funding Pips Faces Complaints Today’s financial news recap covers IG buys…
Warsh Speech at Jackson Hole Prompts Heavy Selling 1 Hour, 41 Min ago Hawkish Read on Warsh Prompts Heavy Selling Jackson Hole speeches are hit and miss when it comes to bond market volatility. Today’s Warsh speech was something of a direct hit–more than enough to sink the battleship of anyone hoping…
Mortgage and protection advice firm Access Financial Services (Access FS) has laid out its five-year growth plan, with a focus on adviser recruitment and investment in technology. Founder and chief executive Karl Wilkinson (pictured) delivered the company’s plans at a recent company meeting, announcing the relaunch of its Access Academy. The academy is a…
The owner of an 11-building industrial and retail portfolio in Northern Virginia has sold the assets for $58 million. Fairfax-based Aggregate Real Estate Investors acquired the 320,000-square-foot portfolio from Clarke-Hook Corporation. SEE ALSO: KPC Group’s Oceanwide Plaza Bet Started With a Supertall Dream for Manhattan The portfolio includes four business complexes in Fairfax and Loudoun…