Cramer Levin's Jay Neveloff has seen commercial real estate transactions take many different forms during his 36 years at the law firm. Recently, as transactions began to get more complex, he decided to get more proactive. Neveloff, chairman of Cramer Levin's real estate practice, has focused his recruiting efforts in early 2024 on mid- to senior-level associates with the experience needed to navigate the many moving parts of closing a CRE deal in a turbulent market.See also: Mixed-use conversions are not the answer for office owners “A few months ago, when we noticed that our deal volume was increasing, and…
Author: Private Lending Agent
AXA XL has announced several new appointments within its large commercial business unit and customer and sales team as it restructures its insurance business in the Americas region. Donnacha Smith has been appointed Chief Underwriting Officer for Casualty and will also be responsible for managing both primary and excess casualty underwriting in the Americas. He previously managed the Americas excess casualty insurance practice and his team currently serves the group casualty insurance needs of AXA XL clients, including general liability, automobile, workers’ compensation and excess or umbrella protection. At the same time, Eric D'Onofrio, previously chief underwriting officer for the…
Among retirees who identify themselves as having investable assets, just over a quarter (26%) are still paying off a mortgage, and a similar proportion (25%) said they are working to pay off existing credit card debt.That's partly why nearly a third of retirees, 31 percent, expect their retirement years to be less stable than those of their parents and grandparents, according to a Nationwide survey that also discussed how people plan to pass on their wealth to their heirs.”As financial stress continues to weigh heavily on retired investors, the idea of retirement is changing for many,” Mike Morrone, vice president…
UPDATED: Securing grants for your small business or start-up is a constant challenge – but there is help available. Here, we have rounded up a comprehensive list of grants from all over the UK. These funds are available to SME businesses either within a specified local authority, defined as having fewer than 250 employees or with a turnover of less than £45,000 and a balance sheet totalling less than £39,000. You will see that many of the funding opportunities are often based on a specific location or sector, or ring-fenced for a certain part of a business, like job creation or…
The Bank of England left interest rates unchanged at 5.25% in June, as was widely expected. This is the seventh consecutive time interest rates have been kept unchanged since they were raised to their current level in August 2023. Prior to this, interest rates had been raised 14 times in a row between December 2021 and August 2023, when they were at 0.1%. The next interest rate announcement by the Bank's Monetary Policy Committee (MPC) is at noon on August 1, at which point markets expect the Bank Rate to fall to 5%. What is happening with inflation? The recent…
The real estate market has boomed in the past decade and continues to grow at a rapid pace. Ongoing urban and infrastructure development projects across the country are one of the key drivers of growth in the real estate sector. Capital Smart City has emerged as one of the most popular projects. Modern amenities, advanced infrastructure and strategic location make Capital Smart City one of the most attractive destinations for residential investors. In this blog post, we bring you the latest real estate market updates on villas for sale in Capital Smart City. Capital Smart City: Overview CSC is a…
Lahore Smart City is a blend of sustainability and modern living. The city is winning over investors with its modern infrastructure, premium amenities, and strategic location. Moreover, Lahore Smart City's flexible payment plans are also attracting home buyers and small investors. This blog will provide a comprehensive explanation of the payment plans for Lahore Smart City, so if you are looking to invest in this flagship project, read till the end. What is Lahore Smart City? As the name suggests, this is a smart city and is a joint venture between Habib Rafiq (Pvt) Ltd and Future Development Holdings. The…
Though it looks easy on TV, Honolulu is a tough city for home flippers, who face the same rising home prices and other related costs as those hoping to stay at home. Honolulu's median home price – the price above which half of sales are higher and half are lower – rose year-over-year in June, according to a monthly report released Saturday by the Honolulu Board of Realtors. According to HBR data, the median price of an existing single-family home rose 6.7% to $1.12 million in June from $1.05 million, while sales rose 4% to 258 from 248. The median…
“Today, more than ever, real estate investors and developers need a trusted lending partner that can provide agility and execution certainty to solve their complex financing needs,” Miller said in the release. “Bain Capital shares our vision to build ArchWest into a leader in business purpose lending in the U.S., and we look forward to leveraging their resources and operational capabilities to further strengthen our innovative product suite and enhance our value-add proposition to our borrower and broker-partners.” The acquisition is part of Bain Capital's broader strategy to diversify its investment portfolio and capitalize on opportunities in the housing market.…
Key Takeaways In closed-door meetings of the Federal Open Market Committee (FOMC), policymakers debate the direction of the benchmark interest rate. They carefully word their statements and take pains to craft their messages.The committee rarely goes against the chairman's wishes, but individual members can dissent. The FOMC meets this week for the first time this year. Market participants expect no change to the benchmark interest rate, but will be watching to see what the Fed says about the possibility of future rate cuts. You may never get to attend the Federal Open Market Committee (FOMC) meetings where the fate of…