Industry Watch: Figure merges with Homebridge, Ready Capital acquires Red Stone and more
Reading Time: < 1 minuteReady Capital Corporation has announced the acquisition of Red Stone and its affiliates in exchange for cash and stock, as well as the assumption of certain Red Stone guarantees of secured indebtedness. Red Stone’s management team, including chair and co-founder John Sokolovic, and all employees have already joined Ready Capital. Blockchain-based fintech lender Figure Technologies […]
July jobs report better than expected, though worker supply remains challenging
Reading Time: 2 minutesTotal nonfarm payroll employment rose by 943,000 in July and the unemployment rate dropped to a pandemic-era low of 5.4%, according to the Bureau of Labor Statistics (BLS). July’s job gain marked the largest increase in jobs since last August, handily beating the economist projection of 870,000. Additionally, employment growth was upwardly revised for both […]
Record-high rents, scorching demand mark second quarter in industrial real estate
Reading Time: 2 minutesThe second quarter was another strong period for industrial real estate in the United States, driven by the ongoing rise of e-commerce pushing the need for logistics space to new heights, according to CBRE. Companies are leasing properties at unprecedented levels to keep up with the growth of online sales, helping push net absorption of […]
