When Rahm Emanuel ran Chicago and wanted to boast about the health of the city, the then-mayor pointed to the number of construction cranes across the skyline — 60 at the end of 2017. Almost five years after he left …
The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on …
Texas-based companies, Otso and Assurely, have partnered to create an insurance coverage option for lease security in the commercial real estate industry. The insurance coverage allows landlords to reduce the risks of leasing while saving tenants of commercial property essential …
Millers Mutual Insurance, a regional property and casualty insurance carrier focused on multifamily housing, is expanding into North Carolina. As of July 1, 2021, Millers Mutual will offer property & casualty insurance in the state, bringing the total number of …
China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s biggest property deal since the …
China’s Anbang Insurance Group Co. is set to purchase an office and retail tower in downtown Toronto that counts the Government of Ontario as a major tenant, according to people familiar with the deal. Anbang is close to an agreement …
An affiliate of Principal Financial Group Inc. bought a 49 percent stake in 77 Water St., a lower Manhattan office tower in New York City, from fellow insurer Travelers Cos. for $117.6 million. The interest in the 26-story building was …
Heritage Insurance Holdings, Inc. has launched a new insurance program for commercial residential properties in Florida. The new line will be written by Heritage’s wholly-owned subsidiary, Heritage Property & Casualty Insurance Co. Randy Jones, commercial president, says the commercial residential …
Bellevue, Wash.-based Fulcrum Insurance Programs named Nikki Wyer vice president of underwriting and product development. Wyer’s responsibilities include management of Fulcrum’s underwriting division as well as development of new products and programs. Her career includes serving as executive vice president …
Southern California’s construction sector continues to gain momentum, making good on positive outlooks issued late last year, and agents and brokers who deal in this segment can’t be any happier – especially those who remember the historically rough times that …
