Single-family permits down, multifamily up in May

Single-family permits down, multifamily up in May

For the year to date, single-family permits in the Twin Cities metro area are now 7% behind 2021. (Depositphotos.com image) By: Brian Johnson May 26, 2022 3:47 p.m. Rocked by rising interest rates and escalating construction costs, Twin Cities single-family homebuilding activity plummeted in May as permits were down by double-digits during the month. Enter … Read more

Just Sold: Sherman sells Shoreview apartments for $ 14M

Just Sold: Sherman sells Shoreview apartments for $ 14M

The Shores, a mixed-use building at 3150 Lexington Ave. in Shoreview, has sold for $ 14 million. (Submitted photo) By: Anne Bretts May 26, 2022 3:34 p.m. A private Mahtomedi investor has paid Minneapolis-based Sherman Associates $ 14 million for The Shores, a 68-unit senior apartment and retail building Sherman developed two decades ago in … Read more

Banesco USA Announces $ 22,300,000 Construction Loan to Finance a Mixed-Use Project in Miami Beach

Banesco USA Announces $ 22,300,000 Construction Loan to Finance a Mixed-Use Project in Miami Beach

The partners in this venture are the Finvarb Group, a real estate development and investment company led by Ronny Finvarb and Richard Finvarbrenowned for developing quality mixed-use hotels in premium urban locations throughout the United Statesand Chahine Investment Corp, a family office subsidiary managed by Agathe Chahine who also provided a mezzanine loan in the … Read more

Government financial watchdog chief looks for consumer inflation stress

Government financial watchdog chief looks for consumer inflation stress

Rohit Chopra leads the Consumer Financial Protection Bureau, the federal agency whose mission is to protect consumers from “abusive and deceptive financial practices.” As the director of the CFPB, he is keeping a close eye on trouble spots that could potentially cause another financial crisis. With inflation significantly impacting household budgets for millions of Americans, … Read more

Finance faces new nature-positive disclosure requirements

Finance faces new nature-positive disclosure requirements

DAVOS, Switzerland, May 26 (Reuters) – Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments. “Nature is a financial risk for business,” Elizabeth Mrema, co-chair of the Taskforce on Nature-related Financial Disclosures (TNFD), told the Reuters Global Markets Forum, adding that $ … Read more

Bolt Financial’s loans as two

Bolt Financial’s loans as two

One-click checkout company Bolt Financial yesterday laid off one-third of its workforce, just months after raising $ 355 million in VC funding at nearly an $ 11 billion valuation. Why it matters: For some, the financial ramifications go well beyond the loss of future salary. In February, we discussed how Bolt offered loans to employees … Read more

Mariner Finance Personal Loans Review 2022 – Forbes Advisor

Mariner Finance Personal Loans Review 2022 – Forbes Advisor

Personal loan applications are approved or declined based on a number of factors. All lenders have their own unique underwriting requirements, but these typically include information from an applicant’s credit profile and other factors that demonstrate the ability to repay the loan, such as income. Meeting the requirements below won’t guarantee approval, but they can … Read more

Rochester expert lays out financial road map for college graduates

Rochester expert lays out financial road map for college graduates

ROCHESTER, NY (WROC) – As college graduates get ready to enter the workforce now is the time to build a solid financial foundation. CPA Matt Bryant from the New York State Society of CPAs offered up a financial road map Thursday during News 8 at Sunrise. What are some financial tips for recent college graduates? … Read more

UK finance watchdog looks to relax rules to boost London listings | London Stock Exchange

UK finance watchdog looks to relax rules to boost London listings |  London Stock Exchange

The City watchdog is proposing to relax London’s stock market rules in an attempt to attract more fast-growing startups instead of losing out to other financial centers such as New York, Paris and Frankfurt. The Financial Conduct Authority’s (FCA) proposals would mean scrapping the current two-tier system, where firms decide whether to follow looser rules … Read more