Month: September 2024

The Manhattan office market continues to surprise with unexpected new leases and expansions – and now, a most unlikely relocation that nobody saw coming.   Bridgewater Associates, the world’s largest hedge fund manager, has inked a deal to open its first Manhattan office. The Westport-based firm closed on a hush-hush, 60,000 square-foot lease at 295 Fifth
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Courtesy: Wojciechowski Family Real estate is a key puzzle piece in achieving the U.S.’ climate goals, according to federal officials. Residential and commercial buildings account for 31% of the nation’s greenhouse gas emissions, after accounting for “indirect” emissions like electricity use, according to the Environmental Protection Agency. That’s more than other economic sectors like transportation
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The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020. Even before the Fed rate cut, some homeowners had already taken advantage of recent declines in mortgage rates to refinance. Refinance activity increased to 46.7% of total applications during the week
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