Need workers? Orlando’s talent shortage may lead to mergers as firms decide to ‘buy the company that has ’em’
“We’ve seen, instead of doing research and development, companies are doing mergers and acquisitions.”
Nationstar fined $5M by New York regulator
Dallas mortgage company Nationstar (NYSE: NSM) will pay $5 million in fines leveled by a key New York regulator for mishandling documents and loans during its boom years following the housing crisis.
The company, which was acquired by the former parent of failed bank Washington Mutual earlier this year, has been under investigation for how it treated struggling borrowers as it acquired massive amounts of loans while regulators cracked down on the industry. It began talks to reach a settlement last…
Executives from Grass River, LNR form commercial lending firm
A new commercial real estate finance firm has been established in Miami with 26 employees, including key executives who currently work at Grass River Property.
The new 3650 REIT aims to provide first mortgages, bridge financing, investments and loan servicing nationwide. Several of its founding executives also work at Miami-based Grass River, which co-owns CocoWalk and the Shops at Sunset Place. Many of them previously worked at LNR Partners, one of the largest firms in the commercial mortgage servicing…
From a $10K watch to a $33K horse: Feds restrain more assets in Raleigh investment manager’s case
Newly unsealed documents show that, despite the feds having restrained nearly $2.6 million worth of assets from accused Raleigh investment manager Stephen Peters, there’s not nearly enough in the coffers to cover even “conservative” estimates of what was allegedly embezzled.
Fidelity overhauls fees for wealth management clients
Beginning in July, the wealth management fees will be based entirely on how much money a client has invested with Fidelity.
How new bank rule could impact commercial real estate in ABQ
A new bank rule could give more flexibility to borrowers and buyers in commercial real estate.
On April 2, the Federal Deposit Insurance Corp., along with the Board of Governors for the Federal Reserve System and the Office of the Comptroller of the Currency, issued a new threshold for commercial appraisals for real estate. Previously, property values of $250,000 required an appraisal. The new rule bumps that threshold up to properties valued at $500,000.
Alan Shettlesworth, president of Main…
JLL’s Craig Reinhart on how Apple guided his real estate career and almost transformed Lake O
A key player in Portland's tech real estate scene explains how the city has changed over three decades and what could be holding it back
Meet the Denver developer that will head up the 32-acre Broadway Corridor development
Prosper Portland commissioners made their selection final with a vote this afternoon.
Portland’s CENTRL Office rides co-working wave to new cities
The company rides co-working craze far beyond its early Portland plans
Sneak peek: Hudson Pacific gives former Cisco campus in Milpitas big makeover to draw top-tier tenants
A set of onetime Cisco Systems buildings in Milpitas, owned by prolific real estate investor Hudson Pacific Properties Inc., are almost done getting a massive makeover meant to attract one or more of Silicon Valley’s “top tier” companies.
The three buildings sit on about 65 acres known as Campus Center at 115-155 McCarthy Blvd. Taken together, those structures stand at about 472,000 square feet, but the development has the potential to triple in size with additional office, R&D, warehouse…