Wells Fargo (NYSE: WFC), the nation’s fourth-largest bank, has sued JPMorgan Chase (NYSE: JPM), the nation’s largest bank, to recover losses for investors in a $481 million commercial real estate loan that was allegedly made with an inflated financial metric. Reuters...
A new data analysis has determined 59 of the nation’s largest banks face exposures to commercial real estate greater than 300% of their total equity capital. The data analysis was published by Dr. Rebel A. Cole, Lynn Eminent Scholar Chaired Professor of Finance in...
Echo Real Estate Capital Inc. has acquired the Rampart Medical Campus, a two-building, 71,000-square-foot medical office development located in Denver. The Denver Post reported one of the buildings was sold for nearly $4.5 million and the other was sold for $4.1...
CVS Health (NYSE: CVS) planning to open a dozen mini-stores that only provide full-service pharmacies with a limited retail component. The Wall Street Journal reports the new stores will be on average less than 5,000 square feet, or less than half the size of the...
The US Small Business Administration (SBA) announced plans to relocate regional offices from six cities that enforce sanctuary city policies. In a press statement, the SBA stated its regional offices in Atlanta, Boston, Chicago, Denver, New York City, and Seattle will...
Elon Musk’s artificial intelligence company xAI has acquired a 1 million-square-foot facility in Southwest Memphis, Tennessee. The acquisition follows xAI’s announcement from last December that it planned to expand the “Colossus” supercomputer facility it...
