RidgeGate ‘downtown’ unveiled
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Judge, police help oust Trump Hotels from Panama property
By Jeff Horwitz, Mark Stevenson and Juan Zamorano, The Associated Press
PANAMA CITY — Workers pried President Donald Trump’s name from signs outside his family company’s luxury hotel in Panama on Monday, as Trump’s executives were ousted from their management offices in a business dispute under orders from Panamanian officials. Trump’s security guards also left.
The end to a 12-day standoff over control of the property came early in the day when a Panamanian judicial official and police officers backed the hotel’s majority owner, Orestes Fintiklis, as he took possession of the offices. The Trump-affiliated management and security officials then left the 70-story, waterfront high-rise.
“This was purely a commercial dispute that just spun out of control,” said Fintiklis, a Miami-based private equity investor and head of the hotel owners’ association. “And today this dispute has been settled by the authorities and the judges of this country.”
The Trump Organization’s lawyers, however,..
Average price of a single-family home in metro Denver passes half-million dollar mark
Home price gains in metro Denver are rising at a double-digit pace this year after taking a breather in 2017, pushing the average price of a single-family home sold in February above $500,000 for the first time, according to the Denver Metro Association of Realtors.
“We have never been above $500,000,” said Steve Danyliw, chairman of the DMAR market trends committee and a Denver Realtor. “It is a psychological barrier, especially for some of our younger buyers.”
The average price of a single-family home sold in metro Denver reached $502,986 in February, up 2.5 percent from January and 11.8 percent from February 2017.
By contrast, the income gains needed to support higher prices are running just under 3 percent in Colorado.
There were a few signs in the latest numbers, however, that the increases may not continue at such a blistering pace. Inventory has inched up as more new listings arrived and sales slowed, in part because of rising mortgage interest rates.
Average rates on a 30-..
Man convicted of luring investors to Colorado real estate scam now leads financing of $100 million Wisconsin redevelopment project
Provided by Wausau Pilot & ReviewRiverlife Village siteMore than 10 years after a former Denver man was charged with securities fraud for his role in an $8.3 million real estate scam, he continues to make monthly restitution payments to his victims.
But Jason Sharkey’s criminal background hasn’t stopped him from becoming a key player in an $80 million to $100 million riverfront redevelopment project in Wausau, Wis., that’s funded in part by city money, according to records from the U.S. and Canada.
The first phase of Riverlife Village is now under construction on 16 acres of city-owned land in Wausau, a community of about 39,000 people 100 miles west of Green Bay, with Sharkey running the project’s financing through a company he founded called Quantum Ventures.
“That’s insane. That’s just crazy, that’s what that is,” said Broomfield resident Thomas Severino Jr., one of many investors lured into the Colorado scam by Sharkey. He and his wife invested $40,000 with Sharkey, who still se..
How LendingTree has grown its credit card business by nearly $21M in a year’s span
Charlotte-based LendingTree Inc. recently grew its credit card business by tens of millions of dollars in just one year, and CEO Doug Lebda is looking at ideas on how to continue the trend through 2018.
State Street goes on hiring spree outside of Boston
The headcount growth was “primarily within low-cost locations,” according to a securities filing.
Amazon reportedly wants to offer checking accounts
Amazon.com Inc. is reportedly taking pitches from banks including JPMorgan Chase & Co. and Capital One Financial Corp. to launch a checking account product, according to the Wall Street Journal.
The early discussions center on building a product geared toward younger customers and those who don't have bank accounts, anonymous sources “familiar with the matter” told the newspaper.
It remains unclear what the product might look like, “including whether it would give customers the ability to write…
Exclusive: $381 billion lender names Nashville chief, launches local team
Pittsburgh-based PNC Bank has officially staked its claim in Music City.
Credit union announces merger plan
Credit Union of America has an agreement in place to merge with Central Kansas Credit Union.
Members of both credit unions will have to approve the merger. Voting will conclude March 29. If approved, the merger is expected to close in June.
The merger would help Credit Union of America expand its footprint regionally. Central Kansas has a branch in Hutchinson and Pratt.
CUA intends to retain the Central Kansas employees at both locations.
Frank Shoffner, CUA’s CEO, was not immediately…
Here’s one way the Trump tax cuts might cost jobs, hurt your career
KC Mathews and Eric Kelley are pretty optimistic about the stock market, economic growth and even stability for 2018.
Mathews is chief investment officer and Kelley is research director for UMB Bank (Nasdaq: UMBF).
They even see upsides to the new federal tax cuts with a caveat that might impact jobs and your career.
Mathews and Kelley spoke about the economy, stocks and their expectations for the year at a recent meeting with investment clients and prospects that UMB hosted at the Phoenix Art…