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What followed was hundreds of sequels and spinoffs, everything from "Chicken Soup for the Cat Lover's Soul" to "Chicken Soup for the Canadian Soul" to the bestseller I read cover to cover, several times, in sixth grade: "Chicken Soup for the Teenage Soul." What began as Chicken Soup for the Soul board games and calendars turned into Chicken Soup for the Soul chocolates and Chicken Soup for the Soul pet food. What began as Chicken Soup for the Soul board games and calendars turned into pet food, barbecue sauce, and — yes — soup. He pointed out that the cover of the original Chicken Soup book "ripped off" Campbell's Soup, to trigger "nourishing and comforting and warming" feelings. He started suggesting outrageous directions Chicken Soup could go in next: "The Chicken Soup pistol!
Persons: I'd, I've, who'd, John Wayne, Jack Canfield, Canfield, Oprah Winfrey, Tony Soprano's, Russ Kamalski, Laurel, Hardy, Tyler Le, Americus Reed, hadn't, he'd, Johnny Nunez, Getty, Clement Stone, Stone, Napoleon Hill's, Norman Vincent Peale's, Mark Victor Hansen, Hansen, Bennett Raglin, let's, Mark Twain, They're, they'd, Kamalski, Preteen's, Christian Woman's, Mother's, , Wayne Booth, Booth, Barbara Ehrenreich, David Gray, Amy Poehler, Kenan Thompson's, Patty Aubery, I'm, I, blurbing, Bill Rouhana, Amy Newmark, Newmark, Rouhana, Winstar, Ashton Kutcher, Isaac Brekken, Kevin, Reddit, Chicken, Redbox, You've, We're, Kevin fumed, hicken, orth, ince, eason, rance, ike, osses, ives, ake Organizations: John, Hyatt Regency, Soul Entertainment, Nasdaq, Americus, Wharton, Hyatt, Harvard, Triple, Beverly, Hotel, Canfield, University of Chicago, Oklahoma State, Washington Post, Wall, Company, Connecticut —, NASCAR, Hollywood, Consumer Federation of America, CSSE, Hindenburg Research, Sony Pictures Television, GameStop, YouTube, Soup, ust, anfield Locations: Newport Beach , California, Indonesian, Crackle, Canfield, Nigeria, Japan, France, Ohio, West Virginia, Mali, New York, Anaheim, Florida, ,, Teacher's, Baltimore, China, Australian, Darfur, Southern California, Greenwich , Connecticut, Connecticut, Zillow, Canadian, Wells Fargo's, Redbox, ife
What followed was hundreds of sequels and spinoffs, everything from "Chicken Soup for the Cat Lover's Soul" to "Chicken Soup for the Canadian Soul" to the bestseller I read cover to cover, several times, in sixth grade: "Chicken Soup for the Teenage Soul." By 2003, research found that more young readers seeking solace turned to the Chicken Soup series than to the Bible. What began as Chicken Soup for the Soul board games and calendars turned into Chicken Soup for the Soul chocolates and Chicken Soup for the Soul pet food. He pointed out that the cover of the original Chicken Soup book "ripped off" Campbell's Soup, to trigger "nourishing and comforting and warming" feelings. He started suggesting outrageous directions Chicken Soup could go in next: "The Chicken Soup pistol!
Persons: I'd, I've, who'd, John Wayne, Jack Canfield, Canfield, Oprah Winfrey, Tony Soprano's, Russ Kamalski, Laurel, Hardy, Tyler Le, Americus Reed, hadn't, he'd, Johnny Nunez, Getty, Clement Stone, Stone, Napoleon Hill's, Norman Vincent Peale's, Mark Victor Hansen, Hansen, Bennett Raglin, let's, Mark Twain, They're, they'd, Kamalski, Preteen's, Christian Woman's, Mother's, , Wayne Booth, Booth, Barbara Ehrenreich, David Gray, Amy Poehler, Kenan Thompson's, Patty Aubery, I'm, I, blurbing, Bill Rouhana, Amy Newmark, Newmark, Rouhana, Winstar, Ashton Kutcher, Isaac Brekken, Kevin, Reddit, Chicken, Redbox, You've, We're, Kevin fumed, hicken, orth, ince, eason, rance, ike, osses, ives, ake Organizations: John, Hyatt Regency, Soul Entertainment, Nasdaq, Americus, Wharton, Hyatt, Harvard, Triple, Beverly, Hotel, Canfield, University of Chicago, Oklahoma State, Washington Post, Wall, Company, Connecticut —, NASCAR, Hollywood, Consumer Federation of America, CSSE, Hindenburg Research, Sony Pictures Television, GameStop, YouTube, Soup, ust, anfield Locations: Newport Beach , California, Indonesian, Crackle, Canfield, Nigeria, Japan, France, Ohio, West Virginia, Mali, New York, Anaheim, Florida, ,, Teacher's, Baltimore, China, Australian, Darfur, Southern California, Greenwich , Connecticut, Connecticut, Zillow, Canadian, Wells Fargo's, Redbox, ife
Yet the idea of building rosters of paid political contributors took off with cable news. MSNBC, CNN and Fox News Channel are, in large part, political talk channels and seek experts to help fill the time. Being on call to opine can be lucrative work; several reports had NBC agreeing to pay McDaniel $300,000 a year. Even NBC News, whose MSNBC cable outlet appeals to liberals, has more than a dozen Republican contributors. John Kasich and Bulwark founder Charlie Sykes — either predate Trump in their active political work or oppose him, or both.
Persons: , Ronna McDaniel, Donald Trump, McDaniel, Chuck Todd, Rachel Maddow, Cesar Conde, , Mark Whitaker, Shana Alexander, James Kilpatrick's, George Stephanopoulos, Tim Russert, Michael Steele, John Kasich, Charlie Sykes —, MAGA, Reince Priebus, Mick Mulvaney, Mulvaney, Priebus, Tom Bossert, Alyssa Farah Griffin, Trump, David Urban, Mark Esper, Griffin, Mike Pompeo, Alex Conant, Mark Lukasiewicz, ” Lukasiewicz, , Jay Rosen, NBC's Conde, McDaniel didn't, Joe ”, Mika Brzezinski, That's, ” Conant, Brian Roberts, Conde, Rebecca Blumenstein, Rashida Jones, Carrie Budoff Brown, Jones, Margaret Sullivan, ___ David Bauder Organizations: NBC News, Republican National Committee, GOP, Republican, NBC Universal, MSNBC, CNN, Fox News, NBC, RNC, Ohio Gov, Trump, CBS, ABC News, Trump Homeland Security, Networks, Hofstra, “ Journalists, New York University, ” Networks, Republicans, Comcast, Washington Post, Center for Journalism, Columbia University, Guardian, Associated Press Locations: Washington, MSDNC
New York CNN —The New York Times is facing a sustained wave of backlash. It is your agenda.”The Times is, of course, far from the only news organization that has faced criticism over how it has covered the 2024 race. There is a mountain of thorny issues at the doorstep of outlets like The Times — and often there is no clear answer. For example, after the 2020 election, the conventional wisdom was that the press should largely ignore Trump’s antics. “But if Democrats lose to Trump after all THAT coverage, the fault will not be in the media, but in themselves.”
Persons: Gray, Donald Trump, Trump, Joe Biden’s, ” Jeff Jarvis, CUNY Craig, ” Jarvis, MSNBC can’t, newsrooms, Biden, Harry Enten, Enten, , ” Clara Jeffery, Mother Jones, , ” Bill Carter, Carter, ” Carter Organizations: New York CNN, The New York Times, The, Times, Biden, Trump, Siena College, CUNY, CUNY Craig Newmark Graduate School of Journalism, “ NY Times, The Times, ., CNN, MSNBC Locations: New York, American
"After more than 20 years at CBRE Darcy Stacom has decided to leave the company at the end of March to launch her own commercial real estate firm, and we wish her well with her new endeavor," the email read. The end of Stacom's tenure reflects sweeping challenges and generational shifts in commercial real estate. And in 2018, Stacom represented Google in its $2.4 billion acquisition of a new office property overlooking the Hudson River. "She's had an unbelievable career," said Jon Mechanic, chairman of the law firm Fried Frank's real estate practice, who has worked with Stacom on countless deals. The person did not want to be identified because they had not been authorized by CBRE to speak about Stacom's exit.
Persons: Darcy Stacom, Matthew Van Buren, Chris Ludeman, CBRE Darcy Stacom, Stacom, Paul Massey, Stacom's, Peter Cooper, Zhang Xin, She's, Jon Mechanic, Fried, Adam Spies, Doug Harmon, Newmark, CBRE, Doug Middleton Organizations: Skyscrapers, New, State, Business, CBRE, Real, Advisors, Stuyvesant Town, General, Google, New York Locations: New York, CBRE's Tri, New York City, CBRE, Stuyvesant, Hudson
How the Red Sea crisis could reshape domestic manufacturing
  + stars: | 2024-01-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the Red Sea crisis could reshape domestic manufacturingLisa DeNight, Newmark managing director of national industrial research, joins 'The Exchange' to discuss the health of commercial real estate, how the Red Sea crisis will shape domestic sectors, and more.
Persons: Lisa DeNight, Newmark
OpenAI said Monday that it's partnering with Common Sense Media on an initiative designed to help teens understand how to use artificial intelligence in a safe manner. Common Sense, a nonprofit focused on making technology safe and accessible to kids, has been working to develop an AI ratings and review system intended for parents, children and educators to better understand the technology's risks and benefits. In September, Craig Newmark Philanthropies, the Craigslist founder's philanthropic arm, said it contributed $3 million to help fund a Common Sense artificial intelligence and education initiative. OpenAI and Common Sense didn't say how LLMs will be tweaked to help aid educators or teens. Altman said LLMs customized for educational purposes could help teens "who want to learn about science or learn about biology."
Persons: Sam Altman, OpenAI, Jim Steyer, Altman, Craig Newmark Philanthropies, Newmark Organizations: Economic, Media, Craigslist, CNBC, Microsoft Locations: Davos, Switzerland, San Francisco
The recent round of layoffs, while pronounced, are part of a much larger and unrelenting storm battering the journalism industry. Over the past 18 months, most news organizations have been forced to make difficult decisions to reduce their workforces. “I am sorry to say that I do not see turning around most legacy outlets,” Jeff Jarvis, the Leonard Tow Professor of Journalism Innovation at the Craig Newmark Graduate School of Journalism, told CNN. Dan Kennedy, a journalism professor at Northeastern University, noted some local news outlets have found financial sustainability. “There are reasons to be optimistic given the hundreds of independent local news organizations that have sprouted up in recent years,” he said.
Persons: Condé Nast, ” Jay Rosen, , Jeff Jarvis, Craig Newmark, ” Jarvis, ” Rosen, Steve Bannon’s, Margaret Sullivan, Sullivan, , ” Sullivan, Jeff Bezos ’, Patrick Soon, Dan Kennedy, Shiong’s, Jeff Bezos, ” Kennedy, Rosen Organizations: CNN, Los Angeles Times, Business, Condé, Forbes, The New York Daily News, Washington Post, NPR, Vice Media, Sports, Vox Media, NBC News, CNBC, Gannett, Netflix, Columbia University, Google, Meta, New York University, Craig Newmark Graduate School of Journalism, America, Guardian, The Washington Post, The New York Times, “ Democracy, Jeff Bezos ’ Washington Post, Northeastern University, “ Billionaire, Minneapolis Star Tribune, Boston Globe, Journalists Locations: Covid, Jeff Bezos ’ Washington
A person waits for a teller at a Signature Bank branch in New York City, U.S., March 13, 2023. REUTERS/David 'Dee' Delgado Acquire Licensing RightsNov 19 (Reuters) - Blackstone (BX.N) is the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp's (FDIC) sale of Signature Bank debt, Bloomberg News reported on Sunday. In September, the FDIC was seeking buyers for the $33 billion commercial real estate loan portfolio of failed New York lender Signature Bank. The entire portfolio sale has yet to close," it said. Blackstone, and Newmark Group did not immediately respond to requests for comment.
Persons: David, Dee, Delgado, Newmark, Blackstone, Chandni Shah, Lisa Shumaker, Bill Berkrot Organizations: Bank, REUTERS, Blackstone, U.S . Federal Deposit Insurance, Signature Bank, Bloomberg, Starwood Capital Group, Brookfield Asset Management, FDIC, Newmark Group, Thomson Locations: New York City, U.S, New York, Bengaluru
Ben Foldy — Reporter at The Wall Street Journal
  + stars: | 2023-11-19 | by ( Ben Foldy | ) www.wsj.com   time to read: +1 min
Ben FoldyBen Foldy is an investigative reporter in The Journal's finance section, based in New York City. He often writes about fraud, financial crime, cryptocurrency and corporate malfeasance. Before this role, Ben covered the automotive industry from Detroit, with a focus on safety, federal policy, startups and the electric transition. In 2022, Ben reported and hosted the second season of The Journal's "Bad Bets" podcast, focused on the rise and fall of Nikola founder Trevor Milton. Ben worked for Bloomberg News and the Financial Times before joining the Journal in 2019.
Persons: Ben Foldy Ben Foldy, Ben, Nikola, Trevor Milton, Craig Newmark Organizations: Bloomberg News, Financial Times, Craig Newmark Graduate School of Journalism, City University of New, McGill University Locations: New York City, Detroit, multibillion, Carvana, City University of New York
So far, more than 5,000 Palestinians are reported dead and many more injured. There’s no one way to cover this that reconciles all that is happening and all that needs to be felt. So I invited Spencer Ackerman and Peter Beinart on to the show. Peter Beinart is an editor-at-large of Jewish Currents, the author of the Beinart Notebook newsletter and a professor of journalism at the Craig Newmark Graduate School of Journalism. (A full transcript of the episode will be available midday on the Times website.)
Persons: Israel, There’s, Spencer Ackerman, Peter Beinart, , Ezra Klein, Ackerman, Trump, Craig Newmark Organizations: Apple, Spotify, Amazon Music, Google, The, Craig Newmark Graduate School of Journalism, Times Locations: Gaza, Israel
People can use Neighbors to publish footage alongside their posts; when the posts are forwarded to police officers, officers can click through to view the accompanying media. "All posts and comments on Neighbors are publicly viewable on the Neighbors feed by users and public safety agencies alike. As with Poole, other LAPD officers The Markup identified as using Neighbors to keep tabs on crime did not respond to requests for interviews. To familiarize LAPD officers with the platform, the company organized in-person training sessions as well as video calls. In this dataset, at least 26 LAPD officers posted in Neighbors at least once and received responses from users.
Persons: , Poole, Craig Newmark, Detective Poole, Albert Fox Cahn, isn't, It's, Cahn, Ring, Mai Nguyen, Nguyen, Sarah Brayne, Peter Polack, Jamie Siminoff, didn't, Siminoff, Shaquille O'Neal, Neighbors, Andrew Guthrie Ferguson, Andrea Han, Drake Madison Organizations: Service, Los Angeles Times, Los Angeles Police Department, Ring News, LAPD, NYCity, Craig Newmark Graduate School of Journalism, CUNY, NBC, University of Texas, Employees, Intercept, Ebay, Neighbors Public Safety Service, Neighbors, Ring's, Los Angeles, Guardian, American University Washington College of Law, Data, didn't, Network Locations: Jeffry, United States, Neighbors, Angeles, Austin, Los, Shadow, Tuna, North Hollywood, RVs, Panera
Since the 2015 debut of Craig Newmark Philanthropies, the entrepreneur has donated many millions of dollars to various causes involving media and technology. Newmark, 70, spoke to CNBC as he was recovering from a minor heart procedure he went through in late August. At the same time, he's worried that tech companies, particularly in social media, "aren't even trying anymore to get rid of stuff they know is dishonest," he said. "Protecting kids when it comes to AI is a big issue," Newmark said, regarding his donation to Common Sense Media. Within journalism, Newmark's most high-profile endeavor is the City University of New York's Craig Newmark Graduate School in Journalism.
Persons: Craig Newmark, Everard Craig Newmark, Craig Newmark Philanthropies, Newmark, he's, aren't, I've, Rather, Jim Jordan, I'm, City University of New York's Craig, Julia Angwin, she'd, Sue Gardner, algorithmically, Thilina, doesn't, " Newmark, that's Organizations: Craigslist, LinkedIn, Facebook, Sense Media, CNBC, Tech, Meta, Twitter, Sense, Knight Foundation, Ford Foundation, City University of New, City University of New York's Craig Newmark Graduate School, Journalism, CUNY, Nurphoto Locations: San Francisco, New York, Ohio
WeWork is attempting to renegotiate all of its leases for commercial office space, according to the company. It's also worrying sign of deep trouble in commercial real estate as debts near maturity amid sagging property values. The move is a sign of the company's ongoing distress, as it navigates the aftermath of a period of unsustainable growth, but it is also a warning sign for the broader commercial real estate industry. Those "current market conditions" refer to a commercial real estate market that is under increasing pressure from higher interest rates, lingering work-from-home trends, and declining commercial real estate values. AdvertisementAdvertisementA recent report from Newmark Group suggests about $1.2 trillion in commercial real estate debt is "potentially troubled" and at risk of defaulting.
Persons: WeWork, It's, David Tolley, Tolley, Goldman Sachs, Newmark, Newmark David Bitner Organizations: Service, Newmark Group, Los Angeles Times Locations: Wall, Silicon
Denny Jacob — Reporter at The Wall Street Journal
  + stars: | 2023-08-26 | by ( Denny Jacob | ) www.wsj.com   time to read: 1 min
Denny JacobDenny Jacob covers breaking financial news for The Wall Street Journal. He has a master’s degree from the Craig Newmark Graduate School of Journalism at CUNY. Email him at denny.jacob@wsj.com or follow him on Twitter: @pennedbyden.
Persons: Denny Jacob Denny Jacob, Craig Newmark Organizations: Wall Street, Craig Newmark Graduate School of Journalism, CUNY, Twitter
Dalvin BrownDalvin Brown is a Personal Tech reporter at The Wall Street Journal and host of a tech YouTube channel. Dalvin previously covered innovation for the Washington Post, and before that wrote about consumer tech at USA Today. A graduate of Baruch College and an Ida B. Wells Scholar at City University of New York, Dalvin has a master’s degree from the Craig Newmark Graduate School of Journalism in business and economics reporting. He’s a 2020 recipient of the Frederic Wiegold Prize for Business Journalism.
Persons: Dalvin Brown Dalvin Brown, Ida B, Dalvin, Craig Newmark, He’s, Frederic Wiegold Organizations: Wall Street Journal, Washington Post, USA, Baruch College, Wells, City University of New, Craig Newmark Graduate School of Journalism, Business Journalism Locations: City University of New York
FDIC launches sale of $18.5 billion of Signature Bank loans
  + stars: | 2023-07-28 | by ( ) www.reuters.com   time to read: +1 min
July 28 (Reuters) - The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investing firms, according to the regulator's website. The FDIC hired Newmark Group (NMRK.O) in March to sell about $60 billion of Signature Bank's loans, after state regulators decided to close down the failed lender amid a turmoil in regional banks earlier this year. The sale was launched on July 25 and is limited to FDIC-insured depository institutions, the Bloomberg report said. The notice reads that the loans for sale "consist of subscription credit facilities to private equity funds." Reporting by Pritam Biswas in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Thoma, Newmark, Pritam Biswas, Arun Koyyur Organizations: U.S, Federal Deposit Insurance Corporation, Signature Bank, Starwood Capital Group, Carlyle Group, Blackstone, Thoma Bravo, Brookfield Asset Management, Bloomberg, FDIC, Newmark Group, Thomson Locations: Bengaluru
New York is doing better than San Francisco — Manhattan has a vacancy rate of 13.5 percent — but it can no longer count on the technology industry for growth. More than one-third of the roughly 22 million square feet of office space available for sublet in Manhattan comes from technology, advertising and media companies, according to Newmark. The company has opted not to renew leases covering 250,000 square feet in Hudson Yards and for 200,000 square feet on Park Avenue South. Twitter, Microsoft and other technology companies are also trying to sublease unwanted space. The large amount of space available for sublet is also driving down the rents that landlords are able to get on new leases.
Persons: Newmark, , Ruth Colp, Haber, Colp Organizations: sublet, New, New York State, Spotify, Trade Center, Twitter, Microsoft, Wharton Property Advisors Locations: York, Francisco —, Manhattan, New York, Hudson Yards
Public Storage to acquire Simply Self Storage for $2.2 bln
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
July 24 (Reuters) - Self-storage operator Public Storage (PSA.N) said on Monday it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect more consolidation in the sector. Earlier this year, California-based Public Storage made a hostile bid to acquire smaller rival Life Storage. But in April, real estate investment trust Extra Space Storage announced a $12.7 billion deal with Life Storage. Eastdil Secured served as financial adviser to Public Storage, whereas Wells Fargo and Newmark Group acted as lead financial advisers to BREIT.
Persons: Blackstone, Eastdil, Aishwarya Nair, Krishna Chandra Organizations: Blackstone Real, Income, Newmark, Thomson Locations: California, BREIT, Wells, Bengaluru
Rising interest rates and remote work have put commercial real estate in the hot seat. With the help of Trepp, we've compiled a list of the top bank lenders for commercial real estate. The rising property losses are the result of rising interest rates, which have dramatically increased the cost of borrowing for highly leveraged commercial real estate investors. Office property owners are most at risk thanks to the remote-work phenomenon, which has been emptying out offices for three years now. Big names like Blackstone, Brookfield, and Starwood all have defaulted on properties and real estate securities in recent months.
Persons: we've, Wells, Chase, It's, Goldman Sachs, Newmark, Michael Santomassimo, Santomassimo, We've Organizations: JPMorgan Chase, Wells Fargo, Starwood, Bank of America, Signature Bank, New York Community Bank, Mortgage Bankers Association, Wells, Trepp, Federal Reserve, SEC Locations: Blackstone, Brookfield
Suspected suicide attempts among adolescents Ellis’s age were up 49 percent in 2021 compared with prepandemic levels, according to the Centers for Disease Control and Prevention. “Because it did not contextualize in any way what the issues were in my son’s suicide. And it says the school is being proactive to deal with this mental health crisis. Totally dishonest.”Jeffrey Gural, Ellis’s grandfather, also pressed the school’s board of trustees. The elder Mr. Gural is chairman of GFP Real Estate L.L.C.
Persons: Gural, Tompkins, , , ” Jeffrey Gural, Ellis’s, Newmark Knight Frank, Ellis, , ’ ”, Ann’s Organizations: Centers for Disease Control, Newmark Holdings
CNN —Who’s the fifth Beatle? But now there’s a 21st century contender for the honor: artificial intelligence. The band took some flak for releasing two songs years after Lennon’s murder in 1980. Pepper’s Lonely Hearts Club Band” album with trippy loops and other innovations that changed the course of popular music. But in the right hands — in this case, Jackson and McCartney’s — AI can be a tool that wields magic.
Persons: Jere Hester, Craig Newmark, CNN —, Jere Hester John Smock, Sir George Martin, Brian Epstein, Stuart Sutcliffe, Sir Paul McCartney’s, John Lennon’s, Lennon, McCartney, Peter Jackson, , Yoko Ono, Lennon’s, Jackson, McCartney’s, Facebook McCartney, Ringo Starr, Ono, George Harrison’s, Olivia, Let’s Organizations: Craig Newmark Graduate School of Journalism, CUNY, CNN, BBC Radio, Twitter, Beatles Locations: Liverpool
A person who works with the group, American Edge Project, told CNBC that the $34 million was from Facebook. A Meta spokesman declined to comment and referred CNBC to American Edge instead. The person who works with American Edge told CNBC that the $4 million was also entirely from Facebook. American Edge launched a wave of TV and digital ads from late 2020 through 2021, taking on antitrust proposals. American Edge spent over $5 million between TV and digital ads in 2021, according to data from AdImpact.
[1/3] U.S. President Joe Biden attends the groundbreaking of the new Intel semiconductor manufacturing facility in New Albany, Ohio, U.S., September 9, 2022. But all that new construction has a real estate problem. That would be a problem for the Biden administration, which has pushed through legislation to fuel the developments. A White House official said it was a "high-class problem" to have, adding: "Folks are finding places to build. The governors of South Carolina, Virginia and North Carolina have each proposed to spend hundreds of millions of dollars on readying industrial sites in the coming years.
April 3 (Reuters) - The Federal Deposit Insurance Corporation (FDIC) on Monday announced the marketing process for the about $60 billion loan portfolio retained in receivership following the failure of Signature Bank. The FDIC expects to begin its marketing of the retained loan portfolio of the former Signature Bank later this summer, it said in a statement. The portfolio is comprised primarily of commercial real estate (CRE) loans, commercial loans and a smaller pool of single–family residential loans. Last week, Reuters reported that FDIC has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected. The FDIC said on Monday it has retained Newmark & Company Real Estate Inc as an advisor on the sale.
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