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Frequent flyers may be able to avoid airport lounge visit limits for a year through a new limited-period offer from Paisabazaar. The financial products marketplace has announced that customers who take a new credit card through the Paisabazaar platform during the offer period can unlock complimentary membership to its PB Pass programme. The pass…
Pepper Money has reduced rates across its residential and buy-to-let (BTL)ranges. The latest changes include lower rates across Pepper Money’s BTL range for both personal and limited company landlords, as well as reductions across residential two-year fixed products up to 75% LTV. Selected five-year fixed products have also been updated. Residential rates now start from…
One of the biggest challenges facing AI data center developers isn’t getting the chips that will serve as the digital brain of these facilities. It’s securing the power needed to keep those chips running at full capacity. That’s why Vertiv (VRT +0.28%) is spending up to $2.6 billion to acquire Utility Innovations. The deal will…
TotalEnergies completes acquisition of Mopane license stake
Amir Nurani (pictured top), broker-owner at Left Coast Leaders in San Diego, said the economics behind Rocket’s pitch tell a very different story than the one being sold to brokers. “When you look at the economics of what Austin (Niemiec) is proposing here, it is insidious,” Nurani told Mortgage Professional America. “This is a bunch…
Two bills prompted by the Boyle Heights warehouse fire are sitting on Gov. Gavin Newsom’s desk, and both would add new financial requirements for cold storage developers — including multimillion‑dollar contingency funds and steeper penalties for major violations. The legislation is aimed at easing future cleanup headaches, with one requiring new cold storage facilities to…
Ukraine’s defense ministry said on Monday that over 430 firms have applied for access to its new catalog of seized Russian weapons and equipment, about two months after its launch announcement. The online repository, called TrophyLab, contains data “for engineers, scientists, and defense technology manufacturers” on weapons such as the Russian T-90M main battle tank…
New Yorkers and Californians have long been connected by a coastal rivalry, but they do have at least one thing in common: a housing crisis exacerbated by bureaucracy. Both states passed bedrock environmental review statutes in the 1970s that have been the source of aggravation for developers ever since. But as housing production has stalled,…
The New York City Department of Citywide Administrative Services (DCAS) extended the lease for a government agency in Midtown South. The New York City Human Resources Administration (HRA) will get an extra 18 months at Vornado Realty Trust’s 260 11th Avenue, where it occupies 174,186 square feet, according to a source close to the deal….
On the commercial and multifamily side, bridge and fix-and-flip financing continues to matter for investors moving quickly on value-add deals. Brokers who can speak fluently across that full menu, rather than defaulting to one product, are the ones major lenders are betting on, and why brokers should lean in too. “Investors don’t want a broker…