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Mortgage Rates For May 26 - The Washington Post

The 30-year fixed-rate average dropped to its lowest level in five weeks, falling to 5.1 percent. : For much of this year, mortgage rates had been steadily climbing higher, reaching levels not seen in more than a decade. But these past few weeks have offered a bit of a reprieve. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to its lowest level in five weeks, falling to 5.1 percent with an average 0.9 point. (A point is a fee paid to a lender equal to 1 percent of the loan amount.
Read by 56% of LPs 29 minutes ago

Hedge Funds Since The Financial Crisis: From Boom To Bust

Once dominant, hedge funds have struggled since the crisis, although there are notable exceptions. : Hedge funds are alternative investments. Just like mutual funds, they use pooled capital to make investments in liquid assets. Hedge fund managers typically identify market opportunities to generate returns for their investors using highly aggressive investment strategies. This makes these funds far riskier than mutual funds and other traditional investment vehicles. Their significant minimum investment levels and outrageous fees weed out all but the wealthiest clientele. This means they're only open to accredited investors, including institutional investors and those with a high net worth.
Read by 68% of LPs 1 hour, 59 minutes ago

The Uvalde, Texas, School Shooting Is Part Of America's Larger Failure To Protect Children

A woman hugs a girl as they cry during a vigil for the victims of the mass shooting at Robb Elementary School in Uvalde, Texas, on May 25. | Chandan Khanna/AFP via Getty Images US public policy is a disaster on guns -- and so much more. In ways big and small -- in schools, in homes, in every facet of life -- the United States fails to protect and support its children.
Read by 74% of LPs 1 hour, 59 minutes ago

Carisma Therapeutics To Present Latest Data From Phase 1 Clinical Trial Of Engineered Macrophage Therapy At 2022 Asco Annual Meeting

PHILADELPHIA, May 26, 2022 /PRNewswire/ -- Carisma Therapeutics Inc., a clinical stage biopharmaceutical company focused on discovering and developing innovative immunotherapies, announced two presentations including findings of its lead candidate, CT-0508, accepted for presentation at...
Read by 42% of LPs 2 hours, 29 minutes ago

Boom Times Are Over: Venture Capital Firms Advise Portfolio Companies On Navigating The Downturn - Geekwire

Extend your cash runway. Do more with less. And get ready for the boom times to be over. Those are common threads embedded inside warning memos that venture capital firms are sending to their portfolio companies amid an uncertain macroeconomic environment and public market decline. With ongoing inflation, geopolitical conflict, and other headwinds affecting businesses across industries and borders, tech companies are already starting to lay off workers and slow hiring. Investors are also hitting the brakes after plowing a record amount of capital into startups.
Read by 66% of LPs 2 hours, 29 minutes ago

Blackstone Credit Acquires 49% Interest In U.s. East Coast Lng Infrastructure Asset

On May 20, 2022, Blackstone Credit purchased EIG's 49% ownership interest in Elba Liquefaction Company, L.L.C. (ELC), a joint venture entity of the Elba Island LNG facility. Kinder Morgan, Inc. (NYSE: KMI) will remain as the operator and retain its 51% ownership of ELC. ELC is an liquified natural gas (LNG) liquefaction facility located near...
Read by 59% of LPs 3 hours, 59 minutes ago

New Study Maps Financial Ownership Of Over $1T Of The Fossil Fuel Industry's Projected 'stranded Asset' Loss

Driven by technological, societal and political change, renewable energy technologies are progressively replacing fossil fuels. : Driven by technological, societal and political change, renewable energy technologies are progressively replacing fossil fuels. Under an expectation that governments will fulfill their net-zero emissions pledges, these changes will accelerate, with the consequence that current oil and gas assets may be overvalued by more than $1 trillion, a figure that exceeds the subprime housing mispricing that triggered the 2007-2008 financial crisis.
Read by 58% of LPs 5 hours, 29 minutes ago

I-sales Roundup: Former Queens Cigar Factory Sells For $26M

A 19th-century former cigar factory in Astoria and an office and retail building steps from Union Square were among seven investment properties that traded hands in New York City for between $10 million and $40 million last week. Five of the deals hitting city records last week were in Manhattan, while one each were in Queens and the Bronx. An entity tied to real estate investor Bruce Brickman's firm sold the 100,000-square-foot former DeNobili cigar The post Astoria cigar factory converted to offices highlighted NYC i-sales last week appeared first on The Real Deal New York.
Read by 71% of LPs 5 hours, 29 minutes ago

Cranson Capital Securities Announces The Launch Of A $50M Offering For The Cranson Capital Real Estate Development Fund

TORONTO, May 26, 2022 /CNW/ - Cranson Capital Securities Inc. is pleased to announce the launch of its latest investment offering of $50 million for the Cranson Capital Real Estate Development Fund (the "Fund"). The capital raised will be invested in a diverse portfolio of real estate development projects including high-rise, mid-rise and low-rise residential buildings, as well as land entitlement and rezoning opportunities across Ontario. Ontario is projected to grow by over 2 million residents over the next ten years, causing an increase in the demand for new homes across the province.
Read by 59% of LPs 5 hours, 29 minutes ago

Lument Closes $13.5M Bridge Loan For Two Multifamily Communities In Detroit

NEW YORK, May 26, 2022 /PRNewswire/ -- Lument announced that it closed a $13.5 million proprietary bridge loan to facilitate the refinance of two multifamily communities consisting of 118 total units in Detroit, Michigan. James Kelly, director with Lument in Atlanta, led the transaction. The sponsor is Greatwater Opportunity Capital, a real estate private equity investment manager and development firm focused on Detroit and other emerging urban markets. Greatwater has deployed over $150 million of equity into Detroit neighborhoods, many of which are designated opportunity zones. ...Full story available on
Read by 54% of LPs 5 hours, 29 minutes ago

Tishman Speyer's Rob Speyer On Megadevelopments And Proptech

In most real estate rooms, Tishman Speyer is the 800-pound-gorilla. But Rob Speyer wants it to be the most nimble gorilla, one that can constantly reposition its 90 million-square-foot portfolio in response to the trends driving the world today. Speyer insists that the company isn't in the business of catering to tenants, so much so that he's banned use of the T word at the firm, believing it connotes a "feudal" approach to real estate. The post Rob Speyer on the long arc of megadevelopment, New York's renaissance and proptech bets appeared first on The Real Deal New York.
Read by 64% of LPs