Jeffrey M. Granowitz, a former principal at The Praedium Group, has announced the formation of Artisan Realty Capital, a boutique real estate investment firm based in New York.Artisan will focus on value-added investments that offer attractive pricing due to distress, repositioning, or special situations, he said. "Artisan is targeting mezzanine and equity capital products for middle-market transactions in major East Coast and Midwest markets," said Mr. Granowitz. "We will use strategic alliances to originate less widely marketed transactions and will offer flexible investment structures based on risk and complexity." Mr. Granowitz formed Artisan along with David J. Domm, who worked with him at Praedium. Mr. Granowitz spent 10 years at Credit Suisse First Boston and The Praedium Group, including five years as a principal.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
11h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11