West Valley office building sells; new Planet Fitness set for Mesa; plus more real estate deals to know
A new senior living complex is set to open in Phoenix's Biltmore area before the end of the year, and another is wrapping up some major renovations. Plus, other deals to know.
SPAC led by Steve Salis reaches deal with lithium-mining company
Lithium is a key material in batteries for electric vehicles.
Power Players 2022: Summer Johnson McGee, Salem College and Academy
Organization: Salem Academy and College
Title: President
What makes her a Power Player: McGee is on a mission: to revitalize and lead Salem, the oldest women’s college in the nation, into the 21st century and beyond. She became president in 2021, a few months after the college – which had been experiencing financial struggles and declining enrollment – announced its shift to a health leadership focus. McGee has been working to make that shift a reality, with many of her planned initiatives…
Power Player 2022: Todd Hall, Truliant Federal Credit Union
Todd Hall became COO in 2012 and took the top office in 2020, guiding Truliant to an annual loan growth rate of 13.4%, despite being in a crowded and highly competitive financial-institution market.
Early filings highlight billions in investment losses for college endowments
Last year's performance marks a stark reversal from what schools reported in fiscal 2021, when most endowments recorded double-digit gains amid a resurgent U.S. economy.
Power Players 2022: Ramsey Hamadi, Triad Business Bank
CEO Ramsey Hamadi says 2-year-old Triad Business Bank, which grew total assets 10% in Q2 to $429.9M, is “well-positioned for the rising interest rate environment.”
Truist closes the most Charlotte-area bank branches in past year; JPMorgan, Fifth Third add locations
Branch closures have become a common trend in the banking industry, though the Charlotte area saw its overall count drop just slightly in the past year. The closures were led by Truist Financial Corp. and Bank of America.
Power Player 2022: Darlene Leonard, Smith Leonard PLLC
In the midst of a frenzied cycle advising clients on mergers and acquisitions, this CPA has concentrated her community engagement on economic development efforts that attract jobs and investment.
‘Cat Fund’ eyes $10 billion in Ian losses
Raymond James Financial, which serves as a financial adviser to the Cat Fund, presented a report Wednesday.
Pinnacle exec on real estate lending landscape: ‘Activity could be suppressed well into next year’
One of Nashville's leading commercial real estate bankers broke down how he's thinking about loans as interest rates rise and a recession looms.