The Bank of Japan moved to slow inflation as the prime minister is borrowing more to fund an ambitious effort to build up industry and support households.
The Chinese-owned video app reached agreements with the software giant Oracle and two investment firms, Silver Lake and MGX, as part of a deal to keep TikTok operating in the United States.
Extell Development has snagged a recent spate of pricey deals at 50 West 66th Street. The latest was a $46.75 million closing for Unit 41E, according to public records. The nearly 7,000-square-foot unit was combined from two smaller units on the 41st floor, according to an amendment to the development’s offering plan filed with the New York Attorney General’s office. The unit features six bedrooms and six bathrooms, along with 288 square feet of outdoor space, according to the offer plan. As has been the case with a number of the building’s largest listings, the condo was never listed publicly. […]
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Quarterly sales rose slightly for the world’s largest footwear company despite weak results in China and with its Converse brand.
Miki Naftali and Len Blavatnik snagged $525 million in construction loans for their waterfront megaproject in Williamsburg. JP Morgan Chase and GoldenTree Asset Management agreed to back the second phase of the massive Williamsburg Wharf project, the developers announced on Thursday. The Naftali Group and Access Industries will use the floating rate, interest-only loans to build more than 360 condos across two residential towers known as 80 Wharf Way, which is expected to be completed in 2028. The planned condos will join Williamsburg Wharf’s three existing towers, currently comprised of 89 condos, 500 luxury rental apartments and 15,000 square feet […]
This article originally appeared on The Real Deal. Click here to read the full story.
An adviser at Merrill Lynch, he refused to recommend the energy trading company. His employer pushed him out, but his stand made him a hero.
If your deal doesn’t stack up today, it may not stack up for the foreseeable future.
The Bank of England cut its base rate by 25 basis points to 3.75% Thursday. But it also signalled that there may not be many more cuts left to come.
Bank Governor Andrew Bailey said it was mathematically likely that interest rates are close to their “neutral rate” — when interest rates cause inflation to neither rise nor fall. The Bank’s mandate is to keep inflation as close to 2% as possible.
Inflation dropped more than expected last month, to 3.2%, data released on Wednesday showed, but the vote…
Shareholders of a New York-based office REIT rejected a multimillion-dollar golden parachute for its embattled CEO while also greenlighting a $1.6B merger with a mortgage lender.
Paramount Group shareholders voted to go forward with the company’s sale to New York-based Rithm Capital for $1.6B, or $6.60 per share, according to documents filed Tuesday with the Securities and Exchange Commission.
A Swiss pharmaceutical company has zeroed in on an empty facility in Denton, which it wants to turn into its latest U.S. manufacturing facility.
The world’s largest real estate company has named new leadership for its development arm, Trammell Crow Co., and its asset management business.