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Market by Martin |
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New and Noteworthy |
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Declining US Inflation Paves Way For Rate Cuts In Coming Months A rapid fall in US inflation has opened the way for interest rate cuts within months, the OECD said, but it warned that Britain would suffer from the G7's fastest price growth.The OECD's interim outlook, published on Monday, predicted US inflation of just 2.2 percent in 2024 and 2 percent in 2025 among the lowest rates in the G7. (Read More) |
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US Stocks Rise Amid Earnings, Fresh Fed Comments On Rates The Dow Jones Industrial Average rose last week, recovering from a brutal sell-off after the Federal Reserve held steady on rates but signaled that a March cut is unlikely . It was a fresh record close for the blue-chip index, which also wiped its losses from earlier in the week. (Read More) |
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Luxury Retailers Prada, Gucci parent companies among those spending hundreds of millions of dollars for Fifth Avenue properties from their landlords, flush with massive recent profits fueled by luxe-flation. In NYC, Prada recently agreed to buy the building that houses its Fifth Avenue store as well as the building next door for more than $800 million. Gucci’s parent company, Kering, is also paying nearly $1 billion for a 115,000-square-foot retail space a few blocks south. (Read More) |
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Team News |
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Working With the Best |
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Last week, we had the pleasure and honor of spending an amazing afternoon with longtime colleague Michael Landsman of Holm and O'Hara - NY Attorney's At Law. We've done hundreds of deals with this firm over the last 20+ years and couldn't hold them in higher regard. It was great to hear what Michael and his team had to say about the firm, about our team, and about the future of our partnership. Can't wait to see what this year brings for us! Check out what we got up to by clicking the button below. |
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Our Properties |
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