For families who don’t need to borrow, higher rates might not affect daily life. But for those who do, higher rates are really starting to hurt.
Anthropic was started by former executives at OpenAI, the company behind the popular ChatGPT generative AI project.
The upscale department chain’s Bloomie’s concept, which has a smaller footprint than traditional department stores, will fill 18,000 square feet in the former H&M space.
Mehran’s Steak House was just a name, created as an in-joke. But when its waiting list drew hundreds, the pranksters decided to stage dinner — for one night only.
The company cited concerns about operating the factory competitively. It’s not clear if the pause is linked to its dispute with the United Auto Workers.
Blue Origin has more than 10,000 employees and about 4,000 of them are based in Washington state, according to Business Journal research.
Seattle-based URG’s proposal would result in an essentially new neighborhood, including an entertainment venue.
Economists fear that rising oil prices and the possibility of sustained higher borrowing costs will push Americans to trim spending.
Wisconsin-based Menasha Packaging, a company that produces shipping boxes, displays and packs, is closing its West Side plant and laying off 128 workers, a rare blip for Chicago’s robust industrial market.
The 150K SF plant at 4545 West Palmer St. sits on about 3.5 acres just west of Logan Square. The plant closure and corresponding layoffs will take effect on Nov. 10, according to a data entry on the Illinois Worker Adjustment and Retraining Notification Act list.
Canadian real estate giant Brookfield has walked away from several office and retail properties so far in 2023, but the company seems poised to plow about $800M into a multifamily portfolio in San Francisco.
Brookfield and Ballast Investments are teaming up to purchase a bundle of troubled loans tied to apartment properties owned by Veritas Investments, the city’s largest multifamily landlord, the San Francisco Chronicle reported, citing anonymous sources.
Veritas defaulted on the mortgages tied to some of its San Francisco apartment buildings, resulting in lenders placing those loans on the market. Veritas tried to purchase the loans itself but was unsuccessful.
Acquiring the…