News Analysis

Speaking at the Federal Reserve’s annual 2024 Jackson Hole conference, chairman Jerome Powell delivered the news that the US central bank could cut rates at its September meeting.

The financing for Zeckendorf, Atlas and Baupost will fund the construction of the luxury 80 Clarkson development.

The Toronto-based manager has formed a partnership with Declaration Partners to fund preferred equity investments.

The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.

With the transaction, Trimont will manage a total of $640bn of loans in the US, or about 11% of the US commercial real estate lending market.

The insurers financed two warehouse buys by the manager’s non-traded REIT.

The Boca Raton-based manager has hired Ian Russell from Singerman Real Estate as part of the initiative.

Willy Walker, chairman and chief executive of Bethesda-based Walker & Dunlop, sees signs of a market recovery.

The firm has seen its pipeline in this area grow steadily for the past six months, says Larry Grantham, managing principal.

There is a bifurcation in the performance of five- and 10-year conduit loans, according to data from Trepp.