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Author: Private Lending Agent
Data centers. Once a niche part of IT infrastructure, they are now a hot topic in investment circles. Nvidia, which supplies parts for modern cloud storage and data center processing, has now overtaken Apple as the world's largest company. Data centers are also fast becoming one of the hottest investments in real estate. A recent CBRE Global Data Center Survey revealed that 97% of investors plan to increase their capital allocation to data centers this year. This is up from 89% in 2023. CBRE itself sees great potential in the sector and has decided to acquire a data center service…
June 20, 2024 Monmouth Conservation Foundation (MCF) is proud to announce the appointment of two distinguished directors to its board of directors: Steven Denholtz of Denholtz Properties and Dan Darschall, Managing Director of Ares Management Credit Group. Since its founding in 1977, MCF has thrived through the diverse expertise of volunteer board members who passionately support the organization’s mission: Steven and Dan generously donate their time, energy and resources, in addition to their valuable business acumen and financial insight, furthering the nonprofit’s commitment to #KeepMonmouthGreen. “We are deeply grateful for the expertise and commitment that Steven and Dan bring to…
Natick Mall, a sprawling suburban shopping center larger than any in the region, could be in trouble this fall. Owner Brookfield Properties has a $505 million commercial mortgage-backed securities loan secured by 1 million square feet of the Natick Mall core. Morningstar Credit has the loan, which matures in November, on its watch list, and Senior Vice President David Putro said there is a “significant risk” it will be placed under special administration. The risk comes after Wegmans closed its 134,000-square-foot store at the mall a year ago, saying the popular grocery chain “was unable to attract enough customers to…
The 2024 presidential election is just a few months away. If you're considering buying or selling a home, you're probably curious how the election will affect the housing market, if at all. This is a great question because buying or selling a home is a big decision, and it's natural to wonder how such a big event will affect your plans. Historically, presidential elections have only had a small, temporary effect on the housing market. Here's an update on what's happened to home sales, prices, and mortgage rates throughout these periods. Home Sales Home sales tend to slow slightly in…
Credit unions continued to expand their commercial real estate portfolios at a faster pace than banks and other lenders in the first quarter. A comparison of the NCUA data with a report released Tuesday by the Mortgage Bankers Association (MBA) found that, over at least the past year, credit unions have been growing their commercial real estate balances twice as fast each quarter compared to the banks and investors tracked by the MBA. Credit union balances are also growing at least twice as fast for multifamily loans and twice as fast for the rest of commercial real estate. As of…
One of the challenges in addressing the U.S. housing shortage is whether the real estate industry can build new homes efficiently and at low cost. To that end, the U.S. Department of Housing and Urban Development held its fourth annual Innovative Housing Show last week on the National Mall in Washington, D.C. Among the 40 exhibitors were companies like Azure Printed Homes, Mighty Buildings, and Reframe Systems, all of which are building or 3D printing homes with the assistance of robots. Also participating is NASA, which has a prototype for a Lunar Base Habitat that would allow astronauts to stay…
Samsung is expected to unveil its next foldable smartphones, consisting of two models — the Galaxy Z Fold 6 and the Galaxy Z Flip 6 — at its Galaxy Unpacked event on July 10, 2024. So far, there have been many leaks and rumors about these two devices regarding their appearance, features, price, etc. But, the leaks and rumors don't end here. Galaxy Z Fold 6 and Galaxy Z Flip 6 spotted at Secure MIIT The Galaxy Z Fold 6 and Galaxy Z Flip 6 have been certified by Secure MIIT (via MySmartPrice ), and the certification claims that these…
June 20, 2024Kevin Peachey, cost of living reporterBBCThe Bank of England kept interest rates unchanged at 5.25% for the seventh consecutive session.UK inflation hit the bank's 2% target in May, but interest rates are not expected to fall until the bank is confident that price increases have stabilised.So analysts believe we may have to wait a while longer before we see a significant drop in mortgage costs. Interest rates affect mortgages, credit cards and savings rates for millions of people across the UK.What are interest rates and why do they change?Interest rates tell you how much it will cost to…
Kevin Peachey Cost of Living Reporter 16 July 2021Updated June 20, 2024The Bank of England kept interest rates unchanged at 5.25% for the seventh consecutive session.UK inflation hit the bank's 2% target in May, but interest rates are not expected to fall until the bank is confident that price increases have stabilised.So analysts believe we may have to wait a while longer before we see a significant drop in mortgage costs. Interest rates affect mortgages, credit cards and savings rates for millions of people across the UK.What are interest rates and why do they change?Interest rates tell you how much…