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Federal Reserve interest rate cuts may help turn the tide for commercial real estate. However, investors need to tread carefully when entering the market. Wells Fargo said in a Sept. 25 report that the half-point rate cut announced last month by central bank policymakers “marks the beginning of the end of the worst CRE downturn since the global financial crisis.” “Lower interest rates are not a silver bullet, but accommodative monetary policy will lay the foundation for a commercial real estate recovery,” said senior economist Charlie Doherty. “Lower long-term interest rates appear to be easing upward pressure on cap rates…

The New York State Attorney General’s Office is asking the court to dissolve Community Resource Collaborative and appoint a receiver to sell its assets.The office filed a motion Friday to dissolve the nonprofit organization. The Attorney General’s Office oversees nonprofit organizations in New York and can seek to dissolve them through the courts. The office argues in the petition that the cooperative is bankrupt and unable to meet its obligations.Monroe County hired Community Resource Collaborative in May 2023 to manage grants to approximately a dozen neighborhood nonprofits.Over the next several months, the county directed more than $1 million in federal…

MEXICO CITY (Reuters) – Mexico’s antitrust watchdog said in a preliminary ruling on Monday that corn flour and tortilla maker Gourma has the authority to fix price gouging, saying an investigation found that concluded that the situation was uncompetitive.”This market is fundamental to the Mexican economy and the well-being of consumers, especially as it affects the price of tortillas,” the watchdog group known as Cofes said.Corn tortillas are a staple food in Mexico, consumed daily by 70% of the population. The cost of tortillas accounts for about 6% of a household’s food budget.Kofes pointed out that Gurma controls between 50%…

DARIEN, Conn. — The Darien Community Foundation (TCF) announced Monday that it has appointed Maggie Domont as executive director. DeMont will succeed Janet King, who is retiring after six years at the helm of this premier grant-making organization serving the basic needs of neighborhoods in Darien, Stamford and Norwalk. “Maggie brings a passion for community service, a proven track record in fundraising, a background in community support, and a lifelong connection to Darien to the Darien Community Foundation,” TCF Board Chair Brandi Maniscalco said in a news release. said. “We are thrilled that a respected Darien native will continue the…

Tricolor HoldingsThe responsible lender’s third issuance of the year and fifth overall, the social bond was 7.8x oversubscribed to help improve financial liquidity and expand financial inclusion for low-income and credit-insecure Hispanics. planned to be used forDALLAS, Oct. 07, 2024 (Globe Newswire) — Tricolor today announced a $288 million social bond. This is the third time this year and the fifth overall. This is to empower underserved and low-income communities through improved access to affordable financing to meet critical transportation needs. and ultimately provide a path into mainstream finance.Tricolor leverages a proprietary dataset of over 45 million unique attributes and…

Sweetwater County Assessor Dave Davis encourages property owners to contact his office if they have questions about the assessments they will receive in the mail this week. GREEN RIVER – Property owners in Sweetwater County may be able to qualify for a long-term homeowner tax exemption passed by the Wyoming General Assembly earlier this year. This exemption reduces property taxes by 50% for eligible applicants. Owners must live in the home for at least eight months of the year, one owner must be 65 years old as of the fourth Monday of May 2025, and have paid taxes in Wyoming…

GEICO has told some Tesla Cybertruck owners that it will not renew their insurance policies for the giant electric vehicles, saying the frequently recalled trucks do not meet standards.Tesla Cybertruck owner Robert Stevenson was the first to elaborate on this sudden policy change, writing, “@GEICO says they can no longer insure my Cybertruck.” Tweeted.”That doesn’t make sense because there are other cars out there that are more dangerous,” he wrote in a message that has since been deleted and reposted on Reddit. “Please let me know if you have any recommendations for insurance companies for my trucks. I have 8…

Dr. Bob and Karen Jackson MURRAY, Ky. — After many years of loyal and dedicated service and 43 years of association with his alma mater, Dr. Bob Jackson has announced his retirement as president of Murray State University, effective June 30, 2025. He will continue in his role as president. He will assist in the future transition as an honorary member and serve as special advisor to the Board until a future date. Mr. Jackson has served as president since August 7, 2018, and has held other management positions, including chair of the Murray State University Foundation. Both President Jackson…

Pfizer (PFE, Financial) stock rose an impressive 2.94% after activist investor Starboard Value reported a $1 billion investment. This strategic move is aimed at breathing new life into Pfizer’s stock, which has experienced a significant decline from its pandemic-era highs.Pharmaceutical giant Pfizer (PFE, Financial) faces hurdles, especially as demand for its coronavirus vaccine plummets as the pandemic eases. Furthermore, the company has not been able to catch up with competitors such as Novo Nordisk and Eli Lilly in the GLP-1 weight loss drug market. Despite investing $66.7 billion in acquisitions such as Global Blood Therapeutics, Arena Pharmaceuticals, Biohaven Pharmaceuticals, and…

WASHINGTON, DC—Shayna Olesiuk, Director of Banking Policy, provided the following comments regarding the Better Markets comment letter submitted to the Federal Deposit Insurance Corporation (FDIC) in response to a Request for Information (RFI) for information on Better Markets characteristics. issued a statement. Data collection related to bank deposits. “The local bank failure in March 2023 provided clear evidence of the risks associated with uninsured deposits. This is just one reason why improving and strengthening bank deposit reporting is important. , most banks’ publicly available financial data include only estimates of the insured and uninsured proportions of total deposits.As a result,…