AGP Executive Report
Last update: 6 hours agoMortgage Pressure: U.S. 30-year mortgage rates reached 7.4%, their highest in nearly three years, adding to affordability strain and chilling homebuying. Manhattan Offices: Tishman Speyer signed a $225 million, 150-year ground lease for the Chrysler Building and plans upgrades, with Canada’s Public Sector Pension Investment Board as lead investor. Texas Land Rules: Attorney General Ken Paxton proposed tougher enforcement of a law restricting certain foreign adversaries’ interests in Texas property, including broader public reporting of suspected violations. New Housing: Construction has begun on La Crosse’s $64 million Copper Rocks project, which will bring 247 homes to a former K-Mart site. Investment Pipeline: Mission Driven Finance and Known Holdings formalized a partnership to provide fund infrastructure for managers, businesses and real estate projects seeking to scale.
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