Prudential's Real Estate Finance Arm Describes Its Lending Targets

Prudential's Real Estate Finance Arm Describes Its Lending Targets

David Durning (Photo: PGIM) PGIM Real Estate Finance — the commercial mortgage finance arm of Prudential Financial Inc.’s PGIM unit — says it originated $8.1 billion in commercial mortgage financing in the first half of the year and is out to use up about $7 billion more in lending capacity in the second half. Both industrial lending and […]

Morning Brief: Turkey doubles tariffs on some US imports, lira rallies

Morning Brief: Turkey doubles tariffs on some US imports, lira rallies

Wednesday, August 15, 2018 What to watch today On Wednesday, a busy week for the retail sector will bring investors the week’s biggest economic highlight with the July report on retail sales set to show a 0.1% increase over the prior month, according to estimates from Bloomberg. This is expected to mark a deceleration in retail […]

Work starts on finance firm's new Latham HQ

Work starts on finance firm's new Latham HQ

LATHAM — Twenty years after the last audience drove out of the parking lot at the old Starlite Theater, the excavators have rolled in. A ceremonial groundbreaking ceremony was held Monday, with dignitaries using gold-toned shovels to dig into a pile of sand heaped on the scarred asphalt.  The real work begins later this week. […]

Lira Extends Slide as Erdogan Says Turkey in Economic War

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Hiring of Suffolk campaign finance consultant sparks debate

Hiring of Suffolk campaign finance consultant sparks debate

A Suffolk committee voted 2-1 last week to waive the county’s competitive bid process and hire a consultant for up to $30,000 to help establish the county’s public campaign financing law. County Executive Steve Bellone requested Nicole Gordon, the founding executive director of New York City’s campaign finance board and currently a distinguished professor at Baruch College, help implement […]

Housing finance system roiled by maze of investigations: Here's a guide

Housing finance system roiled by maze of investigations: Here's a guide

Mel Watt is under at least two investigations for allegedly making sexual advances on an employee during conversations ostensibly about her career and salary concerns. | J. Scott Applewhite/AP Photo The U.S. housing finance administration has been rocked by a series of investigations that have raised fresh doubts about the federal government’s management of the […]

Finance committee gives nod to brewery building loan

Finance committee gives nod to brewery building loan

A request for a $75,000 city-backed stabilization loan to shore up a 130-year-old downtown building was recommended for approved Wednesday by the city’s finance committee. The move came after the finance committee meeting was rescheduled due to a city staff member’s illness. It was held in time to be reviewed before the full city commission’s […]

NYC Council Finance panel approves $500M Hudson Yards bond issue

NYC Council Finance panel approves $500M Hudson Yards bond issue

The New York City Council’s Finance Committee on Wednesday approved up to $500 million of bonds to back additional financing by the Hudson Yards Infrastructure Corp. The finance panel, under the chairmanship of Daniel Dromm, voted 9-0 to approve a financing that will implement Phase 2 of the development on Manhattan’s Westside and expand the […]

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