Archive for Finance
Berkadia Appoints New Head of Mortgage Banking
Posted by: | CommentsBerkadia has selected Hilary Provinse as its newest executive vice president & head of mortgage banking. In her new role, she will be responsible for overseeing a team of 130 mortgage bankers across 31 office locations and will be a part of Berkadia’s management committee. Provinse will report to Executive Vice President & Head of Production Ernie Katai.
New Boston Fund Sells $145M Multifamily Asset
Posted by: | CommentsJust two years after completing development of The Tower at One Greenway, New Boston Fund has sold the 217-unit luxury rental community in downtown Boston for $144.5 million, or more than $660,000 per unit. The real estate investment manager relied on the assistance of HFF to sell the trophy property, which was purchased by PGIM Real Estate, according to Suffolk County records.
Henderson Pays $42M for Philly-Area Office Campus
Posted by: | CommentsThe firm purchased a five-building office portfolio in Newtown Square, Penn., its first real estate deal, part of its new strategic growth plan.
In a deal brokered by JLL, Brandywine Realty Trust has disposed of a 250,000-square-foot office portfolio in Newtown Square, Pa. The Henderson Group paid $42 million for the five buildings—its first real estate acquisition.
The assets are situated at 11, 14, 15, 17 and 18 Campus Blvd., in the close proximity of retailers, residential communities and parks, as well as historic landmarks such as the Aronimink Golf Club and Ellis Preserve. Four buildings are fully leased to diverse tenants including the Project Management Institute, Executive Health Resources and USDA Forest Service. The two-story, 50,000-square-foot property at 17 Campus Blvd., suitable for financial or professional services and healthcare companies, is available for lease…
HNA Is Being Probed Over Reporting of Deutsche Bank Stake
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German probe comes after Swiss examination of another HNA deal
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Chinese conglomerate is biggest Deutsche Bank shareholder
HNA Group Co., the Chinese conglomerate that’s the largest shareholder in Deutsche Bank AG, is being probed in Germany over whether it accurately reported its holdings when building the stake, according to two people briefed on the matter who asked for anonymity in discussing non-public information…
Foreign Investors Find a Handful of Gems Among Shenzhen Stocks
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Exchange link providing access to market opened a year ago
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Opportunities seen within index that’s fallen 8% in past year
Foreign investors are sticking with their favorite Shenzhen stocks even as the exchange they trade on has been left in the dust by the global equity rally.
Surveillance camera maker Hangzhou Hikvision Digital Technology Co. and liquor company Wuliangye Yibin Co. were among those recommended by analysts as China opened the Shenzhen Composite Index to the outside world exactly a year ago. Foreign investors piled in, helping the shares of those companies double in value in 12 months. While they’ve fallen from November’s record highs, sentiment over their longer-term outlook remains bullish…
NYC Garage Portfolio Commands $50M
Posted by: | CommentsKamber Management Co. has acquired a Riverside Garage portfolio consisting of three parking facilities on Manhattan’s Upper West Side for $50 million from 80-20 LLC.
All three parking facilities are located on the base of condominiums, at 80, 100-120 and 220-240 Riverside Blvd. The properties are fully leased to Icon Parking Systems, considered the premier garage operator in New York City…
Wall Street Banks Eye a $600 Million Payday on CVS, Aetna Deal
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Barclays, Goldman Sachs and BofA commit $49 billion in funding
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Transaction to be backed by biggest U.S. bridge loan of 2017
Wall Street banks including Barclays, Goldman Sachs and Bank of America could share in a fee bonanza of as much as $600 million, after pledging one of the biggest financing checks ever to help fund CVS’s $67.5 billion takeover of Aetna.
Lightstone Lands $260M Refi for Times Square Hotel
Posted by: | CommentsLightstone knows how to reel in the big bucks for its portfolio of new Moxy-branded hotels. The real estate investor and developer recently landed $262 million in funds for the refinancing of Moxy Times Square, marking the second financing deal this year for the group of four Moxy hotels planned for New York City.
Mutual Funds May Be Over Those Big FANG Names, Goldman Data Show
Posted by: | CommentsThe hedge-fund love affair with megacap tech may still be raging, but it looks like actively managed mutual funds have grown less fond of the group.
“Facebook, Amazon, Apple, Microsoft and Google were five of the six stocks with the largest declines in fund positioning last quarter,” Goldman Sachs strategists led by Ben Snider and David Kostin wrote in a note…
Mutual Funds May Be Over Those Big FANG Names, Goldman Data Show
Eonia Mystery Solved? Spike Tracked Greek Bank’s Loans
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National Bank of Greece loaned excess cash at elevated rates
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Eonia was set 5 basis points lower Friday, paring recent rise
A sudden spike in the interest rate for overnight loans between European banks may have been the result of excess liquidity injected into the market by Greece’s second-biggest lender at above-average rates, according to two bankers with knowledge of the matter.
Asian Banks See Funding Costs Rise, Making for Challenging 2018
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About 50 percent of banks polled saw cost of funds rise
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Eighteen percent of the banks turned down low-margin loans
It’s been a borrower’s market for a long time, in Asian syndicated loans as in the rest of the dollar universe.
But Asia-Pacific lenders are facing increasing funding pressures, and a handful are aiming to pass those costs along — in another sign that the beginning of the end of ultra-easy money may be coming. Half of the 50 banks in a Bloomberg News survey have experienced an increase in funding cost of as much as 20 basis points over the past few months…
Mortgage Lenders Get Tax Fix by Finding a Glitch in Senate Bill
Posted by: | CommentsThe last-minute Republican additions to the Senate tax bill include one apparently designed to appease mortgage lenders who worried that the legislation could cost them billions of dollars and drive some small firms out of the business.
A measure offered by South Dakota Republican Mike Rounds was described as “exempting mortgage service rights from new income inclusion rule” in a list of items to be included in the “manager’s amendment” obtained by Bloomberg News. The list was confirmed by two people familiar with the plans, but plans remained fluid Friday afternoon.
Central Banks Find That a Tool to Curb Bubbles Is Doing the Job
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Lending curbs biting in economies from New Zealand to Canada
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Household debt remains dilemma with some levels still rising
Central bankers are starting to see promising results from one of the recent additions to their monetary policy toolbox.
Lending curbs to stem financial risk — so-called macroprudential limits — have helped slow risky borrowing and temper property price bubbles in countries from New Zealand to Canada, a host of financial stability reports showed this week. While there hasn’t been uniform success — Hong Kong’s housing market shows no signs of cooling — it’s given central banks some breathing space to be more gradual in tightening monetary policy…
A $5 Billion Fund Manager Says Fears of China Are Overblown
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Nordea’s Emerging Stars fund holds Samsung, Tencent, Alibaba
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Fund has delivered annual return of 11% in past five years
When investors get nervous about the Chinese markets, it’s an opportunity for some to snap up stocks in the country’s emerging global powerhouses.
A lot of the worries about China and its financial system are “exaggerated”, according to Jorry Noeddekaer, the head of emerging markets at Nordea Asset Management in Copenhagen…
China’s Lending Crackdown Is Notable for Three Reasons
Posted by: | CommentsThe platforms have mushroomed from fewer than 10 to more than 2,000, but only a few hundred operate with government-issued permits.
Policy makers from the People’s Bank of China and the China Banking Regulatory Commission convened in Beijing on Nov. 23 to discuss new measures to crackdown on online consumer loan platforms, including those for payday loans and peer-to-peer lending. On the same day, Alibaba Group affiliate Ant Financial said it will enforce a cap of 24 percent on interest rates charged by lenders on its website, or 12 percentage points lower than current rates. The lenders affected by the new cap include Qudian, which had recently listed on the New York Stock Exchange…
Mortgage Industry Panics Over Obscure Provision in Senate Tax Bill
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Mortgage bankers: Bill changes treatment of mortgage servicing
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Group says some small lenders would likely exit mortgages
The mortgage industry is panicking over a provision in the Senate tax bill that some analysts and trade groups say may drive small lenders out of the business.
The Mortgage Bankers Association and other bank and mortgage trade groups scrambled over Thanksgiving weekend after staff members discovered a provision in the bill that would change the time at which lenders pay taxes on the streams of income they earn from managing borrowers’ mortgages…
Ex-JPMorgan Traders Start Singapore Currency Options Quant Fund
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Ogaki and Loh to start with $75 million in seed capital
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Model tests returned annualized 12.7% gain over past decade
Two former JPMorgan Chase & Co. foreign-exchange option traders will start a quantitative hedge fund in January, using artificial intelligence to trade currency options.
Atsuo Ogaki and Damien Loh have established Ensemble Capital Pte Ltd. in Singapore with capital $75 million from high-net worth investors, family offices and institutional investors, Ogaki, who has taken the chief executive officer role, said in an interview…
Ex-JPMorgan Traders Start Singapore Currency Options Quant Fund
Mortgage Cap Would Hit California, Florida, New York Hardest
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House plan would limit home mortgage tax deduction to $500,000
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Legislation seen threatening home ownership ‘American Dream’
Property owners in California, Florida and New York have the most to lose if Congress limits tax deductions for interest payments on home mortgages, according to a Bloomberg analysis of Zillow data.
Assuming a 20 percent down payment, the three states together are estimated to have more than 80,000 homes currently listed for sale where the mortgage could reach at least $500,000, the limit laid out for new home sales in the House Republican tax plan. In California, that’s 44 percent of homes on the market…
Huishan Dairy Creditor Targets Units With Bankruptcy Application
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Chinese creditor files against two Huishan subsidiaries
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Hang Seng Bank filed to appoint joint provisional liquidator
China Huishan Dairy Holdings Co., the Hong Kong-listed company targeted by short sellers including Muddy Waters Capital LLC, said that a Chinese creditor has filed bankruptcy restructuring applications against two of the firm’s units.
The latest action is a further sign that creditors are closing in on the embattled dairy firm, as offshore and onshore lenders jostle for the firm’s assets. It comes shortly after Hang Seng Bank filed an application for the appointment of joint provisional liquidators on Nov. 25. Huishan Dairy earlier this month said that it is preparing for provisional liquidation…
Morgan Stanley Says 2018 Will Be the End of the Credit Rally
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Forecasts 2018 losses on credit markets in all three regions
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LNG Capital’s Gargour wary of rising inflation, default risk
Like any good guest at a party, investors would be wise to know when it’s time to leave.
And an aging business cycle, the loss of stimulative central bank policies and signs of stress in corporate balance sheets are all signaling it’s time to get out, according to Morgan Stanley strategists. They project negative excess returns for corporate bonds in the U.S., Europe and Asia next year…
Morgan Stanley Says 2018 Will Be the End of the Credit Rally
China’s Micro-Lending Mess
Posted by: | CommentsOnline lenders have serious problems. But banning them would be a mistake.
In their bid to reduce risk, China’s financial regulators are cracking down on a promising business: online micro-lending. Although the industry has some serious problems, killing it off would be a big mistake.
Last week, state media announced that broad changes were coming to the sector, on the orders of the State Council’s Financial Stability and Development Committee. Approvals of new lenders have been halted, and existing firms are likely to be severely curtailed…
The Biggest Nordic Bank Saw Its Swedish Mortgage Book Shrink
Posted by: | CommentsFor the first time in at least a decade, the biggest Nordic bank has seen its Swedish mortgage book shrink.
The latest figures show Nordea Bank AB is losing clients in the biggest Scandinavian economy less than three months after saying it plans to move its headquarters to Helsinki from Stockholm for regulatory reasons…
The Biggest Nordic Bank Saw Its Swedish Mortgage Book Shrink
Saudi Prince Released After $1 Billion Deal, Official Says
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Prince Miteb agreed to pay settlememtn in corruption probe
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Saudi crown prince said most graft suspects agreed to settle
Prince Miteb bin Abdullah, one of the most senior Saudi royals detained in the kingdom’s declared crackdown on corruption, has been released after reaching a settlement deal believed to exceed the equivalent of $1 billion, an official involved in the anti-graft campaign said…
Saudi Prince Released After $1 Billion Deal, Official Says
NH Hotel Group Lands $3B Merger Bid
Posted by: | CommentsThe competition between Spanish lodging companies Barceló Hotel Group and NH Hotel Group may soon come to an end. Barceló has extended an offer to acquire NH Hotel and its 400 properties across Europe, the Americas and Africa for a reported $3 billion.
The companies aren’t saying a great deal about the potential merger, but Mallorca-based Barceló did concede in a statement that it is “expressing interest” in such an agreement…
Wall Street’s Playing Catch-Up at a Crypto Conference It Used to Ignore
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Digital-coin backers bring investment pitch to Wall Street
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Standing-room only for investors assessing latest craze
Nothing grabs Wall Street’s attention quite like a 10-fold return.
Buttoned-up financiers and analysts piled into CoinDesk’s cryptocurrencies conference in Manhattan on Tuesday, turning the event into a standing-room-only affair…
Wall Street’s Playing Catch-Up at a Crypto Conference It Used to Ignore
Canada’s Debt Problem Gets Helping Hand From Economic Boom
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Bank of Canada releases Financial System Review on Tuesday
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Worries about impact of higher rates could impede central bank
There are two things that could impede Bank of Canada Governor Stephen Poloz from raising interest rates further in the coming months: worries about the financial system’s ability to cope with higher borrowing costs and concern that plenty of slack remains in the economy…
Canada’s Debt Problem Gets Helping Hand From Economic Boom
Swiss Private Banking World Stunned as Baer CEO Joins Rival
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Collardi resigns to join Pictet as wealth management co-head
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Average partner at Pictet stays at bank for more than 20 years
Boris Collardi stunned investors by stepping down as chief executive officer of wealth manager Julius Baer Group Ltd to join a rival bastion of Swiss private banking…
Swiss Private Banking World Stunned as Baer CEO Joins Rival
Victoria Beckham Gets $40 Million Investment From Goldman Vet
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Fashion brand to ramp up retail footprint online and off
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Equity firm NEO owns stakes in Laduree macarons, AMI menswear
Victoria Beckham Ltd., the maker of $1,365 going-out clutches and $425 aviator sunglasses, sold 30 million pounds ($40 million) in new shares to a former Goldman Sachs Group Inc. banker’s private equity firm.
David Belhassen’s NEO Investment Partners LLP took a 30 percent stake in the former Spice Girl turned fashion designer’s namesake brand, valuing it around 100 million pounds, according to a person familiar with the transaction who asked not to be identified discussing private information. The London-based luxury house will use the funds to expand its retail presence online and off, as well as adding new product categories, the companies said in a joint statement Monday…
Griffin Sells DreamWorks Animation HQ for $290M
Posted by: | CommentsThe five-building, 460,000-square-foot DreamWorks Headquarters and Studio Campus in Glendale, Calif., acquired by Griffin Capital Co. LLC in July 2015, has changed hands again. This time going to a South Korean investment firm that bought the NASA Headquarters building in Washington, D.C., just a few months ago…
UEFA, Mounting Concern About A.C. Milan’s Murky Finances
Posted by: | CommentsA.C. Milan is European soccer royalty, its global popularity driven not just by its 18 Italian league championships but also by its seven European titles. Those glories seem long ago these days — the last of Milan’s European Cups was won in 2007 — and now a financial crisis threatens to delay the club’s return to the top even longer.
European soccer’s governing body, UEFA, is concerned about Milan’s financial viability under its Chinese owner, and without a resolution Milan could face sanctions that include a ban from the continental competition it once ruled. Facing mounting concern over its violations of so-called financial fair play rules, created to keep clubs from spending more than they bring in, Milan’s management is trying to persuade regulators that its new Chinese owner, Li Yonghong, is capable of stopping the team’s bleeding millions of euros a year…
Fed Remains on Track to Raise Interest Rates Next Month
Posted by: | CommentsWASHINGTON — The Federal Reserve is preparing to raise its benchmark interest rate in December despite the concerns of some Fed officials about the persistent weakness of inflation, according to an account of the Fed’s most recent policy meeting.
The account, which the Fed published Wednesday, described officials as united in confusion about the reasons that inflation is weak but divided about the consequences. While some officials favored watching and waiting, a majority of Fed officials — including the chairwoman, Janet L. Yellen — have made clear that they are inclined to keep raising the Fed’s benchmark rate…
JV Obtains $15M Loan for Suburban Chicago Acquisition
Posted by: | CommentsCrystallex, Venezuela Agree to Settle $1.2 Billion Mine Dispute
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South American nation seized rights to gold deposit in 2011
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Lawyers haggling over release of details of the deal
Crystallex International Corp. and Venezuela agreed to settle a $1.2 billion dispute over the 2011 nationalization of a gold deposit in the South American nation.
Ontario Superior Court Justice Glenn Hainey in Toronto approved the settlement on Friday after it was announced two days earlier through filings in Canada. Parts of the agreement remain sealed, including the amount to be paid…
Crystallex, Venezuela Agree to Settle $1.2 Billion Mine Dispute
Mainstreet To Acquire CareIT Portfolio for $425M
Posted by: | CommentsA partnership between Mainstreet and Tiptree is set to purchase CareIT’s portfolio. The properties include 42 senior living communities and health-care facilities.
In a partnership with Tiptree Inc. and other subsidiaries, Mainstreet Health Investments is slated to acquire Care Investment Trust for approximately $425 million.
The health-care portfolio encompasses 35 independent living, assisted living and memory care properties and seven skilled nursing assets, comprising a total of 3,718 suites/beds located across 11 states. The deal is expected to close by the first quarter of 2018…
Mainstreet To Acquire CareIT Portfolio for $425M
JLL Secures $52M Refi for Space Mart Self-Storage Portfolio
Posted by: | CommentsJLL’s Capital Markets experts have secured a $52 million refinancing for a 554,823-square-foot, 4,711-unit Space Mart Self-Storage portfolio in Pennsylvania and Richmond, Va. The company secured the loan on behalf of the owner group and the sponsor, Space Development Co., through Goldman Sachs.
The portfolio includes four properties in the Greater Philadelphia market, two in central Pennsylvania and two in Richmond, Va. The self-storage facilities feature climate-controlled units, ranging in size from 25 to 300 square feet. Other amenities include 24-hour access, lounge and meeting area, truck rental and computer controlled security…
Nafta Talks Have High Stakes for Two Texas Bridge Owners
Posted by: | CommentsPrivate crossings to Mexico are a rich franchise under
the North American Free Trade Agreement, but discussions
on reopening the accord have put that bonanza at risk.
RIO GRANDE CITY, Tex. — Caught quite literally in the middle of the international debate over the way the United States trades with its southern neighbor are two Texans named Sam…
Nafta Talks Have High Stakes for Two Texas Bridge Owners
FL Self-Storage Project Receives $8M Loan
Posted by: | CommentsThe Party Is Over for Australia’s $5.6 Trillion Housing Frenzy
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Value of nation’s homes equivalent to four times the economy
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Risk that ‘a minor shock could become far more significant’
The party is finally winding down for Australia’s housing market. How severe the hangover is will determine the economy’s fate for years to come.
After five years of surging prices, the market value of the nation’s homes has ballooned to A$7.3 trillion ($5.6 trillion) — or more than four times gross domestic product. Not even the U.S. and U.K. markets achieved such heights at their peaks a decade ago before prices spiraled lower and dragged their economies with them…
Temer Agrees on Brazil Pension Vote With House Chief
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Plan is for debate on bill on Dec. 5, floor vote on Dec. 6-7
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Bill needs 3/5 support from Lower House, Senate to become law
Brazil President Michel Temer on Wednesday struck a tentative deal with Lower House Speaker Rodrigo Maia to put the administration’s controversial pension bill to vote in early December, prompting local assets to rally…
Temer Agrees on Brazil Pension Vote With House Chief
NY-Area Retail Centers Land $663M Refi
Posted by: | CommentsUrban Edge Properties, a New York-based shopping center REIT, has refinanced 16 individual, non-recourse mortgages totaling $663 million for 15 Class A retail properties and one industrial in New York and New Jersey. HFF worked on behalf of Urban Edge to secure the 16 separate loans with two CMBS lenders, three life company lenders and one bank. The loans include 14 fixed- and two floating-rate facilities with terms ranging from seven to 13 years.
Steel Manufacturer to Invest $250M in MO Mill
Posted by: | CommentsNucor Corp. plans to build a rebar micro mill in Sedalia, Mo, about 90 miles east of Kansas City, Mo. The project represents a $250 million investment and is expected to be operational in 2019, pending the receipt of final approvals and award of state and local incentives.
Crypto Bull Tom Lee Doubles Bitcoin Price Target to $11,500
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Strategist says failed fork cleared room for coming surge
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Call comes after Novogratz sees coin at $10,000 by January
The bitcoin bulls are charging.
A day after hedge fund manager Mike Novogratz said the cryptocurrency will end the year at $10,000, Fundstrat’s Thomas Lee doubled his price target to $11,500 by the middle of 2018 — a 40 percent gain from current levels…
Crypto Bull Tom Lee Doubles Bitcoin Price Target to $11,500
These Are the Five Biggest Tests Facing China’s Next Central Bank Chief
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From regulation to communication, many PBOC tasks are in flux
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Taming debt levels will be a key responsibility for new chief
When Zhou Xiaochuan finally hands over the baton at the People’s Bank of China after a decade and a half in charge, his successor will inherit a series of headaches crowned by a debt pile racing toward 300 percent of output…
These Are the Five Biggest Tests Facing China’s Next Central Bank Chief
India’s ‘Dirty Dozen’ Debtors Lure Big Funds to Their Bad Loans
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Opportunities near top of list anywhere: Bain Capital Credit
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Varde is looking at a ‘number of situations’: CIO Carstairs
India’s highest-profile default this year and the government’s plan to inject capital into state-controlled lenders have thrust the nation’s bad debt into the spotlight. Some global debt funds increasingly like what they see…
India’s ‘Dirty Dozen’ Debtors Lure Big Funds to Their Bad Loans
China’s $3.4 Trillion Corporate Bond Market Faces Rocky 2018
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Yields on AAA rated notes have jumped as deleveraging kicks in
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Weaker companies to find it harder to refinance debt: Gui
China’s deleveraging campaign is finally starting to bite in the nation’s corporate-bond market, a shift that will make 2018 a clearer test of policy makers’ appetites to let struggling companies fail…
China’s $3.4 Trillion Corporate Bond Market Faces Rocky 2018
Caesars to Buy Indiana Gaming Operator for $1.7B
Posted by: | CommentsCaesars Entertainment Corp. has agreed to acquire Centaur Holdings LLC for $1.7 billion in cash, which will add to Caesars’ already-extensive roster, including Centaur’s “racino” operations in Indiana…
Goldman Sachs Ordered to Pay $24 Million to Indonesia Tycoon
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Jakarta court rejects counterclaim against Benny Tjokrosaputro
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U.S. firm ordered to pay damages for Hanson share transaction
An Indonesian court ordered Goldman Sachs Group Inc. to pay 320.8 billion rupiah ($24 million) in damages to the founder of PT Hanson International, for what was ruled to be an “illegal transaction” to buy shares in the property developer…
Goldman Sachs Ordered to Pay $24 Million to Indonesia Tycoon
Tyson Foods to Invest $300M in 5th TN Plant
Posted by: | CommentsTyson Foods Inc., one of the world’s largest food processors, intends to build a $300 million production facility in Humboldt, Tenn. The investment is expected to create more than 1,500 local jobs once the processing plant begins operations in late 2019. Outside contractors will help build the project, and Tyson Foods expects it will involve hundreds of workers.
Alibaba Bets $2.9 Billion It Can Take on Wal-Mart in China
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Online giant will buy a stake of over 36% in Sun Art Retail
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Deal arms China’s largest hypermart player for battle
Alibaba Group Holding Ltd.’s $2.9 billion deal to buy a slice of China’s largest hypermart chain pits it against Wal-Mart Stores Inc. in the world’s largest retail arena.
China’s biggest e-commerce company agreed to acquire 36 percent of Sun Art Retail Group Ltd., which operates about 400 hypermarkets under the Auchan and RT-Mart banners. As part of the deal, France’s Auchan Retail SA will raise its stake in the Hong Kong-listed company to a similar level, and form an alliance with the internet giant to tackle the same Chinese food retail sector Wal-Mart’s targeting…
JPMorgan Chase Commits $900K to Help Detroit Go Green
Posted by: | CommentsWall Street’s Biggest Bull Sees S&P 500 Pushing Toward 3,000
Posted by: | CommentsMove over, Keith Parker, there’s a new raging bull on Wall Street.
BMO Chief Investment Strategist Brian Belski says the S&P 500 will end 2018 at 2,950, 14 percent higher than Friday’s close. The prediction tops the 2,900 target UBS AG’s Parker issued last week and is the highest among Bloomberg-tracked strategists who have provided forecasts for next year…
Wall Street’s Biggest Bull Sees S&P 500 Pushing Toward 3,000
Jernigan Capital Continues Self-Storage Expansion
Posted by: | CommentsJernigan Capital Inc. has closed $20.1 million in investment capital to develop self-storage facilities in Miami. The new project will comprise 96,295 rentable square feet. Developed by Mequity LLC., construction is expected to begin in the second quarter of 2018 and is slated for completion by the third quarter of 2019.
At NW 27th St., between the Dolphin Expressway and Tamiami Trail, the facility will be located in Little Havana, in a densely populated residential area that currently offers limited self-storage options. NW 27th St. is a north-south thoroughfare that accommodates daily traffic of more than 48,000 vehicles…
Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
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Job market going from among the weakest to ‘one of tightest’
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Says near-term recession risk ‘still looks fairly limited’
The U.S. economy is heading into 2018 with strong momentum that’s likely to boost wages and inflation more broadly, requiring the Federal Reserve to raise interest rates four times next year, Goldman Sachs Group Inc. economists said in a research note…
Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
Trump to Pay His Own Legal Bills, Set Up Fund to Cover Staff
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Plan raises questions on whether paying staff bills is ethical
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President’s legal bills had previously been covered by RNC
President Donald Trump has started paying his own legal bills related to the Russia probe, rather than charging them to his campaign or the Republican National Committee, and is finalizing a plan to use personal funds to help current and former White House staff with their legal costs…
Trump to Pay His Own Legal Bills, Set Up Fund to Cover Staff
What Investment Flows Can Teach You About Brexit
Posted by: | CommentsThese Bloomberg functions provide a window into how money is moving across borders in M&A deals, portfolio investments, and ETFs.
Flows can provide powerful insights into economic and market trends. Both long-term foreign direct investment and shorter-term portfolio flows can be viewed as the business and investing communities’ judgment on policymakers’ economic and regulatory decisions. Buying a stake in a company or shares of an exchange-traded fund, for instance, could imply a vote of confidence…
What Investment Flows Can Teach You About Brexit
Peak10 + ViaWest Completes Denver Expansion
Posted by: | CommentsPeak10 + ViaWest have completed an 88,000-square-foot expansion to its Englewood, Colo. facility. The Compark data center now has a total of 140,000 square feet of raised floor space. A total of five facilities are operated by Peak10 + ViaWest in the state of Colorado, all of them within Denver’s metropolitan area, with the newly expanded one being the largest.
Peak10 + ViaWest Buys $33M PA Facility
Posted by: | CommentsCompass Planning 750 KSF NoVA Data Center
Posted by: | CommentsSummit to Buy Four Hotels for $164M
Posted by: | CommentsSummit Hotel Properties Inc. has agreed to acquire four hotels totaling 652 guestrooms for an aggregate price of $164 million, or about $252,000 per key, Summit announced Monday…
This Cryptocurrency Miner Says It Solved Bitcoin’s Power Problem
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Austrian startup uses hydropower to mint ethereum and bitcoin
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Electricity consumed to mine bitcoin rose 43% since October
A green-energy startup says it can solve bitcoin’s surging electricity consumption without boosting pollution, an issue threatening to halt the meteoric rise of the virtual currency…
This Cryptocurrency Miner Says It Solved Bitcoin’s Power Problem