Cornerstone Capital Bank expands retail mortgage presence by adding Daryl Wizelman Team

Cornerstone Capital Bank and its mortgage lending division, Cornerstone Home Lending, have added veteran mortgage executive Daryl Wizelman and The Wizelman Team, expanding the lender’s retail mortgage operations. Wizelman joins Cornerstone after more than 35 years in mortgage banking and financial s

Ground leases taking root in affordable housing deals as costs rise

Ground leases are reshaping how affordable housing developers finance projects amid scarce capital and rising construction costs. Two recent deals show the trend taking hold in expensive, reform-minded markets. In Santa Cruz County, The Pacific Companies, an affordable housing developer in the West,

New York Just Banned Large Data Centers—5 Numbers Explain Why the Backlash Is Spreading Nationwide

Gov. Kathy Hochul will sign an executive order on Tuesday pausing hyperscale data center development in New York, making it the first state to enact such a ban. The order will bar the state from approving permits for projects that use 50 or more megawatts of power for one year while officials develo

Real-REMAX Deal Clears DOJ and FTC Scrutiny

According to a regulatory filing yesterday, Real’s bid to purchase REMAX for $880 million is moving forward—as far as the Department of Justice (DOJ) is concerned—with a waiting period created to allow antitrust review of big corporate mergers passing today. In the statement filed with the Securitie