Broadway Partners, a New York-based private real estate investment and management company, has reported that it is acquiring a 10-building national office portfolio from Boston-based Beacon Capital Partners LLC for more than $3.3 billion.The portfolio consists of properties in Boston (including the 60-story John Hancock Tower), Los Angeles, Washington, and Denver, the company said. "This is a significant group of marquee properties in highly desirable markets that we are confident will deliver strong risk-adjusted returns to our investors," said Scott Lawlor, founder and chief executive officer of Broadway Partners.
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JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
June 26 -
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
June 26 -
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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