4th of July Sale Don't miss out on this great deal Standard Digital Access $4 per year Already a subscriber? Log in The large mortgage lender, which has offices across the country, is cutting an additional 187 positions at its Greenwood Village office after announcing it would eliminate a total of 420 jobs in two previous rounds of cuts. Pennsylvania-based NuRez said the latest job cuts began Aug. 26 and are likely to be permanent. The company notified the Colorado Department of Labor and Employment of the cuts in a Worker Adjustment and Retraining Notice dated June 27. NuRes wrote…
Author: Private Lending Agent
In response to rising interest rates, several large companies have reportedly decided to scale back their supply chain finance programs. The financing option, which allows companies to extend payment terms with vendors, has become popular because it allows buyers to hold onto cash for longer and companies to avoid debt on their balance sheets, The Wall Street Journal reported on Wednesday. AT&T, for example, has been paying down its loan programs as interest rates have risen since the Federal Reserve began raising rates two years ago, a strategic move the telecom giant sees as a prudent decision to minimize its…
Gun-obsessed real estate mogul Patrick Carroll is in hot water again. Carroll, a Miami resident, was arrested Monday night on suspicion of drunk driving and criminal possession of a weapon after getting out of his vehicle and trying to flee from police in Los Angeles. A local news helicopter captured the dramatic scene, reporting: “The suspect got out of the vehicle and ran down an embankment but officers were soon able to find him. He was allegedly driving under the influence of alcohol and several weapons were subsequently recovered.” Carroll got into trouble in March after firing a gun in…
Like every new technology, GenAI brings challenges along with the promised benefits. One of the main challenges is the impact on the existing workforce in functions such as administrative support, legal, IT, and customer support. As with any digital transformation, the negative impact on jobs will be offset by the creation of a new ecosystem of jobs and functions that do not currently exist. The World Economic Forum predicts that automation will actually result in a net gain of 58 million jobs, replacing repetitive tasks and dangerous jobs with more challenging work that interfaces with customers and produces better products.…
EDMOND, Okla. (KFOR) — Nearly two years after Edmond Police Sergeant CJ Nelson was killed in an accident along the Broadway Extension, a nonprofit has stepped in to help pay for the Nelson family's home. Nelson's death came one day before his 13th anniversary with the Edmond Police Department. He is survived by his wife, Jenefer, and their two children, Emily and Connor. “In an instant, I was a single mother of two beautiful children with an uncertain future,” said Jenefer Nelson. “Tunnel to Towers Foundation's home program has lightened our darkness. The Foundation has lifted this financial burden from…
NEW YORK, United States, July 04, 2024 (GLOBE NEWSWIRE) — The global commercial real estate market size is expected to grow from USD 7.2 trillion in 2023 to USD 9.91 trillion by 2033, growing at a compound annual growth rate (CAGR) of 3.25% during the forecast period. To get a sample PDF brochure, please visit https://www.sphericalinsights.com/request-sample/4712. Commercial real estate (CRE) is a market that is primarily utilized for business and investment purposes. This includes hotels, residential properties, stores, corporate buildings, warehouses, medical facilities, and other distinctive properties of real estate. The commercial real estate market focuses on investors, developers, and…
Propertymark’s latest Commercial Outlook paints a mixed picture of the sector’s immediate future. PropertyMark's commercial real estate agent members were asked for their views on demand and supply levels within the industry over the next 12 months, with 50% anticipating an increase in supply and almost a third (31%) predicting a corresponding increase in demand. In the office sector, 40% expected supply to increase, while 80% expected demand to decrease or remain stable. In the takeaway sector, 27% of members surveyed expect an increase in both demand and supply, but in the industrial sector, 50% of members expect…
First Foundation, a Texas-based regional bank that puts more than half its loans into multifamily properties, is getting a $228 million capital infusion led by Fortress Investment Group. The investment comes as high interest rates have roiled the real estate market.The bank has more than 30 branches in Texas, Florida, California, Hawaii and Nevada. Formerly based in California, it is now headquartered in Dallas and reported $13.6 billion in banking assets in March.But the bank's performance was hurt by interest rates rising “too high, too fast,” said Sriram Villupram, a professor of finance and real estate at the University of…
An American flag flies at the entrance to the New York Stock Exchange on Wall Street in New York City on Wednesday. The S&P 500 and Nasdaq closed at record highs during a shortened trading day ahead of the Independence Day holiday. Photo: John Angelillo/UPI The Federal Reserve has been above its target of 2% annual inflation since 2021. That means the Fed can cut interest rates once it hits its end goal of 2% inflation, the chairman argued last month. Photo: John Angelillo/UPI Federal Reserve Chairman Jerome Powell was visiting Portugal on Tuesday and spoke about balancing the risks…
FORT WAYNE, Ind. (WPTA) — A national organization dedicated to supporting the families of those killed in the line of duty has offered support to the family of an Indiana State Trooper. Background: In Memory of Master Trooper BaileyMaster Trooper James Bailey was killed while attempting to use stop sticks to quell a police pursuit on March 3, 2023. Bailey leaves behind a wife and two children. This week, the Tunnel to Towers Foundation helped Bailey's family by paying off their mortgage. The Tunnel to Towers Foundation is a nonprofit organization that supports the families of fallen first responders and…