Some investors are worried that President Trump’s nominee to run the Federal Reserve may not be a guaranteed “yes” on cutting interest rates.
President Donald Trump selected Kevin Warsh, a 55-year-old former member of the Federal Reserve Board of Governors, to be the next chairman of the central bank.
🏆 Residential: The top home sale recorded in South Florida was in Miami Beach, where a 6,400-square-foot home at 7960 Biscayne Point Circle sold for $10.8 million or about $1,700 per square foot. The seller was John Backus, and the buyer was a trust. The waterfront home, built in 2019, has five bedrooms and six and a half baths. Backus purchased the home in 2022 for $13 million. It went on the market in September 2024, with an asking price of $15.9 million. Michael LeDuc with One Sotheby’s International Realty had the listing, and Jessica Nasib with JMK Real Estate […]
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The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.
There were 192 transactions totaling $354 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, Jan. 29, 2026. 🏆 Residential: The top home sale to hit records came in at $19.8 million, or about $5,800 per square foot. An LLC managed by Robin Zane parted with a condo at the Aman New York at 730 Fifth Avenue in Midtown. The buyer of the 3,400-square-foot unit was Atatman Invest LLC. The residence has two bedrooms, two and a half baths, a home theater, a terrace and Central Park views. It went on the market […]
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If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.
Peter Chernin, an industry veteran who founded North Road in 2022, said his deal with Mediawan met a need to get bigger in an era of consolidation.
Data center developers and tech companies are increasingly running up against a growing tide of community and legislative pushback, endangering plans for future expansion of the current CRE wünderkind.
But major CRE companies are investing now to safeguard possibilities for data center development later. With so-called “powered land” plays, landlords and brokerages are working ahead, getting infrastructure and approvals in place to pave the way for the artificial intelligence arms race.
“Thirty years ago, the constraint was the building,” Hines Chief Investment Officer David Steinbach said. “Today, the constraint is megawatts and entitlements.”
Josh D’Amaro is widely considered a front-runner to be the company’s next C.E.O. His biggest challenge might be escaping Bob Iger’s shadow.
President Trump is set to announce his choice to replace Jerome H. Powell as chair of the Federal Reserve, saying it is someone “known to everybody in the financial world.”