Economists expect that employment growth was anemic in September, before the government shutdown delayed data collection.
India has been snapping up discounted Russian crude for three years, but U.S. sanctions that take effect on Friday are expected to end the lucrative trade.
Some of the most prominent U.S. executives gathered at the Kennedy Center for an event promoting deal-making with the oil-rich kingdom.
The chipmaker’s profit surge and strong revenue forecast helped to ease fears that spending on A.I. infrastructure might be outpacing demand.
Infamous Manhattan landlord Steve Croman is dealing with more than 28 active foreclosure lawsuits targeting properties he controls. In total, lenders allege Croman’s entities have defaulted on more than $231 million in loan principals. It’s just the latest legal challenge for Croman, one of the few New York landlords to see the inside of a prison cell. Twenty-one of the foreclosure suits were filed in the last week by lender Orange Owner LLC. The principal of those associated loans totals more than $189 million, according to a tally by The Real Deal. Orange Owner LLC took over the notes after […]
This article originally appeared on The Real Deal. Click here to read the full story.
For first time in at least 30 years, the United States has exported more to Mexico than Canada, U.S. government data show, in a sign of how much North American trade has consolidated.
After nearly a decade of expensive, hit-and-miss investments, Mohammed bin Salman is overseeing a behind-the-scenes restructuring of the kingdom’s all-important wealth fund.
Rent control in Massachusetts is one step closer to making it on the ballot next year.
Related Companies’ expansive promise for the Western Rail Yards is one step closer to reality — or at least one step closer to a handsome tax break. The city’s Industrial Development Agency approved a resolution that amends the Uniform Tax Exemption Policy in the area with the Hudson Yards development site, Crain’s reported. The expansion of the relevant zone, notably, is not the same as Related receiving its desired tax break. The 15-person board — partially stacked with mayoral appointees — almost unanimously approved the change to the Uniform Tax Exemption Policy. The exception was Comptroller Brad Lander, who supports […]
This article originally appeared on The Real Deal. Click here to read the full story.
Lincoln Property Co. acquired student housing specialist Capstone Development Partners on Monday.
The deal, which also encompasses Capstone Management Partners, enhances Lincoln’s abilities to develop, finance and operate on-campus and university-affiliated housing, the company said in a press release. Capstone will operate as Capstone Development Partners, powered by Lincoln.
A spokesperson for Lincoln declined to disclose the terms of the deal.
Capstone Chief Development Officer William Davis will serve as managing principal. Capstone co-founders Bruce McKee and Jeff Jones will continue in their leadership roles at the company.
Capstone has partnered with over 70 public and private colleges and universities across the country since 1997. It has delivered more than 50,000 on-campus and university-affiliated beds of student housing nationwide.
Lincoln’s combined management and leasing…