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☆ Cramer's lightning round: Archer Aviation is 'way too speculative for me'
▼ + stars: | 2023-11-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon SolarEdge's year-to-date stock performance. Stock Chart Icon Stock chart icon Arbor Realty's year-to-date stock performance. Stock Chart Icon Stock chart icon Liberty Media's year-to-date stock performance. Stock Chart Icon Stock chart icon Square-parent Block's year-to-date stock performance. Stock Chart Icon Stock chart icon Becton Dickinson's year-to-date stock performance.

Persons: Archer Aviation's, I've, Arbor, We're, Philip Morris International's, Philip Morris, Becton, Becton Dickinson Organizations: Archer Aviation, SolarEdge Technologies, Arbor Realty Trust, Liberty, Philip Morris International

☆ New fund bets big on Eisenhower-era stocks
▼ + stars: | 2023-11-11 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known as dividend monarchs. That's a top strategy for Roundhill Investments, which launched its S&P Dividend Monarchs ETF this month. It focuses on the dividend monarchs. According to the firm's website, it's the first U.S.-listed ETF designed to track the performance of these kinds of stocks. As of Nov. 9, FactSet reports the S&P Dividend Monarchs ETF's top holdings are 3M , Federal Realty Investment Trust , Leggett & Platt , Black Hills Corporation and Stanley Black & Decker .

Persons: That's, David Mazza, CNBC's, They've, they've, Mazza, Dwight Eisenhower, Leggett, Platt, Stanley Black, Decker Organizations: Roundhill Investments, Federal Realty Investment Trust, Black Hills Corporation, Stanley Locations: U.S

☆ Liquidity gridlock worsens in US commercial real estate sector
▼ + stars: | 2023-11-08 | by ( Shankar Ramakrishnan | Thomson Reuters | Shankar Ramakrishnan Has Nearly Years Of Financial Journalism Experience In Writing | ) www.reuters.com time to read: +5 min

And those workouts are becoming mathematically untenable even for private lenders. Borrowing costs for the CRE market have risen more than income, a situation prompted by the steepest jump in interest rates in decades. NO REAL OPTIONRising caution among private lenders will worsen the paucity of liquidity for property owners who have no real exit option. Some private lenders faced the risk of ending up paring their portfolios that were expensive to manage, he added. But the firm's head of commercial real estate economics Thomas LaSalvia said probability of a contagion effect was low.

Persons: Mike Comparato, Jeff Holzmann, Razmig Boladian, Claudia Faust, Alex Horn, Horn, Jay Hiemenz, Thomas LaSalvia, Shankar Ramakrishnan, Anna Driver Organizations: Realty Trust, RREAF Holdings, Rubicon Point Partners, Hawkeye Partners, Thomson Locations: Franklin, Texas

☆ Here's why Realty Income is buying Spirit Realty in an all-stock deal
▼ + stars: | 2023-11-08 | 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 EmailHere's why Realty Income is buying Spirit Realty in an all-stock dealSumit Roy, Realty Income CEO, joins 'Power Lunch' to discuss the company's portfolio, why the acquisition of Spirit Realty is highly complimentary, and more.

Persons: Sumit Roy Organizations: Realty, Spirit Realty

☆ Homeowner insurance and climate have become major factors in real estate
▼ + stars: | 2023-11-07 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

Farmers Insurance deemed it too risky to continue insuring homes in Florida and pulled out of the market there entirely. The average cost for homeowners’ insurance in the United States is about $1,820, according to an analysis by NerdWallet, but there are many variables. As climate risks continue, a standoff has developed over who should pay the cost of insuring homes against ever-growing risks. And for many of the properties that are on the market you can’t obtain insurance? “We’ll have to see some creative solutions in the near term to create that competitive marketplace for insurance,” she said.

Persons: Michael Monaghan, Sellers, “, ’ ” Monaghan, ”, Monaghan, Will, Amy Bach, United, Hurricane Andrew, ” Bach, mitigations, Bach, Jennifer Branchini, Branchini Organizations: DC CNN, Coldwell, Allstate, . Farmers Insurance, National Oceanic, Atmospheric Administration, NOAA, Hurricane, FAIR, California Department of Insurance, California Association of Realtors, State Farm, Farm, “ Locations: Washington, California, Bayside, ”, Florida, Monaghan, United States, “, San Francisco, “ Florida, Louisiana, WUI, Pleasanton

☆ Cramer's Lightning Round: Cisco is a buy
▼ + stars: | 2023-11-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Clorox's year-to-date stock performance. Stock Chart Icon Stock chart icon AGNC's year-to-date stock performance. Stock Chart Icon Stock chart icon Cisco's year-to-date stock performance. Stock Chart Icon Stock chart icon Johnson & Johnson's year-to-date stock performance. Stock Chart Icon Stock chart icon Ventas' year-to-date stock performance.

Persons: Linda Rendle, AGNC, it's, Johnson, Ventas Organizations: Cisco

☆ How the cost of homebuying and selling will change after landmark court loss over real estate commissions
▼ + stars: | 2023-11-07 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +4 min

A recent jury verdict against the National Association of Realtors and large residential brokerages could upend the residential real estate industry. Here's what real estate agents, homebuyers and sellers need to know about potential changes in residential real estate economics. A bad time for bad news in real estateThe jury verdict comes at a time when many real estate agents are already feeling a pinch. At a time when home sales are already under pressure, "this lawsuit is just another punch in the gut for real estate franchises," said Bill Gross, a self-employed real estate broker associate in California with eXp Realty. Lawsuits focused on fees reinforce the general trend of trying to lower fees in the real estate market, Schipani said.

Persons: Max, Mike DelPrete, Bill Gross, there's, Keefe, Ryan Tomasello, Gilbert J, Schipani, we've, Glenn Kelman Organizations: National Association of Realtors, NAR, realtors, Max Holdings, Federal, University of Colorado Boulder, eXp Realty, Tempus Fugit, Compass Locations: Missouri, Kansas City, St, Louis, Springfield, Columbia, U.S, California

☆ Morning Bid: Rates buzz sustained before Fed loan data
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +5 min

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. Ten-year U.S. Treasury yields have fallen about 50bps from October's peaks and the drop last week was the biggest recoil since March. For now, S&P500 futures are pointing to further slight gains on Monday - which if realized on the cash market later would make for the sixth straight gain and the longest daily run since June. Undermined by the retreat in Treasury yields, the dollar (.DXY) slipped back to the lowest since Sept 20. The backdrop of an easier dollar and Treasury yields provides significant relief for emerging markets, with MSCI's emerging market stock index (.MSCIEF) hitting its highest since Sept 20 too.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell, underscoring, Janet Yellen, Lisa Cook, Huw Pill, Bernadette Organizations: Wall, REUTERS, Federal Reserve, Treasury, U.S, Pacific Rim, South, Ryanair, Europe's, Goodyear Tire &, Aspen, Conterra Energy, Constellation Energy, Diamondback Energy, Vertex Pharmaceuticals, NXP Semiconductors, Bank of England, Reuters, Reuters Graphics Reuters, Thomson Locations: New York, U.S, Gaza, China, Western, San Francisco, South Korean, Asia, Europe, Telesat

☆ Earnings Exchange: NXP, Air Products & Realty Income
▼ + stars: | 2023-11-06 | 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 EmailEarnings Exchange: NXP, Air Products & Realty IncomeMariann Montagne, Gradient Investments portfolio management consultant, joins 'The Exchange' to discuss NXP, Air Products, and Realty Income.

Organizations: Air Products &, Air Products, Realty

☆ These are opportunistic times in the real estate market, says Shopoff Realty CEO
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThese are opportunistic times in the real estate market, says Shopoff Realty CEOBill Shopoff, Shopoff Realty CEO, joins 'Closing Bell Overtime' to talk the current real estate market, credit availability, market liquidity and more.

Persons: Bill Shopoff Organizations: Shopoff

☆ Lawsuits are shaking the NAR’s grip on America’s real estate fees
▼ + stars: | 2023-11-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

It’s easy to forget how much we used to rely on real, physical paper and, like, other people to buy basic things. It wasn’t all that long ago that you’d call a travel agent to book a flight. But the sellers argued that in a competitive market, the buyers should pay their own agent’s commission, and negotiate that fee separately. Because even though the NAR says fees are negotiable, the industry has made 5%-6% commissions so standard that most people wouldn’t question it. According to Bloomberg, Realtor commissions are high by global standards.

Persons: CNN Business ’, Anna Bahney, Keller Williams, Bob Goldberg, ”, you’re, you’ll Organizations: New, New York CNN, CNN Business, National Association of Realtors, Homeservices, Keller, Keller Williams Realty, NAR, MLS, Bloomberg, Department of Justice Locations: New York, Missouri, America, Australia

☆ After a $1.8 billion verdict, the clock is ticking on the 6% real estate commission
▼ + stars: | 2023-11-05 | by ( Manav Tanneeru | Anna Bahney | ) edition.cnn.com time to read: +7 min

And yet, every day, people across America hire a real estate agent to help them sell a home. While state governments license real estate agents, NAR has an extensive code of ethics it expects members to adhere to. NAR and the brokerages have vowed to appeal the verdict, which means real estate commissions aren’t going anywhere immediately. Last month Redfin, an internet real estate company, left the association. The longer-term impact of the verdict may be that the pairing of buyer’s agent commission and seller’s agent commission will eventually be separated.

Persons: Keller Williams, –, Corcoran —, Kenny Parcell, ”, Mantill Williams, Darryl Frost, homesellers, Stephen Brobeck, ” Brobeck, Jen Davis, ” Davis, “, they’ll Organizations: DC CNN, National Association of Realtors, Homeservices, Keller, Keller Williams Realty, Coldwell Banker, Sotheby’s, Realty, NAR, US Department of Justice, “, Consumer, Consumer Federation of America, Holt Homes Group Locations: Washington, America, Missouri, Keefe, Springfield , Missouri

☆ These 4 stocks report quarterly results next week. Here's what we hope to see
▼ + stars: | 2023-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major averages rebounded strongly this week as quarterly earnings came in largely better than expected and interest rates fell on softer economic data. The Dow Jones Industrial Average rose more than 5% for its best week since October 2022. The big theme next week is earnings and the four portfolio companies delivering their quarterly results. Here's the full rundown of all the important domestic data in the week ahead as we consider a number areas of our portfolio for trades next week. ET: Treasury budget statement for October (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: FactSet, we'll, Hulu —, Krystal, Horton, Zimmer, LEV, Armour, Ralph Lauren Corporation, CRON, Patterson, Walt Disney, MARA, Ginkgo, FREYR Battery, FREY, Arcelor Mittal, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones, Nasdaq, ISM, Services, Coterra Energy, Emerson Electric, Wall, National Instruments, Disney, Hulu, CNBC, Comcast, ESPN —, Wynn Resorts, WYNN, Asia that's, Wynn, Wynn's, Wynn Interactive, United, Brookfield Asset Management, Axsome Therapeutics, Network Corporation, Krystal Biotech, Ceragon Networks, Kosmos Energy Ltd, TreeHouse Foods Inc, Air Lease Corporation, Inc, Eversource Energy, Fennec Pharmaceuticals Inc, Graham Corporation, Aereas Inteligentes, Hilton, Energy, Realty Income Corp, Semiconductors, Vertex Pharmaceuticals Inc, Clover Health, Contura Energy, Diamondback Energy, FS KKR Capital Corp, Celanese Corp, Eos Energy Enterprises, Goodyear Tire & Rubber Company, WEN, Pall Corp, TransMedics, Emerson, Uber Technologies, Holdings, Melco Resorts, Entertainment, Zimmer Biomet Holdings, ACM Research, Lion Electric Company, Emerson Electric Co, Vertex Energy, Waters Corp, Air Products & Chemicals, Esperion Therapeutics, Fidelity National Information Services Inc, Bowlero Corp, Hotels, KKR, Co, Devon Energy Corp, Occidental Petroleum Corp, Dutch Bros Inc, Gilead Sciences, ContextLogic Inc, Akamai Technologies, Viatris Inc, Technologies, Corsair, Enovix Corporation, eBay, EBAY, DaVita Inc, Pan American Silver Corp, Roblox Corporation, Fisker Inc, Warner Bros ., Nuvei Corporation, Farms, Akebia Therapeutics, Biogen Inc, 3D Systems Corporation, Gray Television Inc, BlackSky Technology Inc, Cronos, EVgo Inc, Lumentum Holdings Inc, Nexstar Media Group, UTI Energy, Starwood Property Trust, AMC Entertainment Holdings, Marathon Digital Holdings, IonQ Inc, Digital Turbine, Virgin Galactic Holdings , Inc, Arm Holdings plc, ARM, Ginkgo Bioworks Holdings, Suncor Energy, AppLovin Corporation, B2Gold Corp, Luminar Technologies, MGM Resorts International, MGM, Bloom Energy Corporation, Li Auto Inc, Oatly, Kopin Corp, Fiverr International, YETI Holdings, YPF S.A, Ship Lease, Himax Technologies Inc, Dickinson, CommScope Holding, RBC, Agile Therapeutics, Apyx Medical Corporation, Grab Holdings, Hawaiian Electric Industries, Profire Energy, Flags Inc, Stereotaxis Inc, TransDigm, US Foods Holding Corp, Utz Brands, Valvoline Inc, Weibo Corporation, Wix.com Ltd, Trade, Petroleo Brasileiro SA Petrobras, Growth, Aurora Cannabis Inc, Navitas Semiconductor Corp, Archer Aviation Inc, Semiconductor, Energy Fuels Corp, Illumina Inc, Spike Investment Corp, Algonquin Power & Utilities Corp, AngloGold, Central Puerto S.A, Hudson Global, AirSculpt Technologies, Partners, Soho House, Jim Cramer's Charitable, Handout, Getty Locations: U.S, Macao, Asia, China, Las, Singapore, Wynn's Vegas, Boston, United Arab Emirates, Gilead, VVV, Central, Soho

☆ Lightning Round: US Bancorp is incredibly undervalued, says Jim Cramer
▼ + stars: | 2023-11-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: US Bancorp is incredibly undervalued, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: TKO Group, Docusign, US Bancorp, Zillow, SL Green Realty, Seagen, First Solar and more.

Persons: Jim Cramer Organizations: Bancorp, US Bancorp, Zillow, Green Realty

☆ Lightning Round: I don't think Confluent earnings were bad enough to cause a 40% drop: Jim Cramer
▼ + stars: | 2023-11-02 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I don't think Confluent earnings were bad enough to cause a 40% drop: Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Realty Income, Kyndryl Holdings, Confluent and SiTime.

Persons: Jim Cramer Organizations: Kyndryl Holdings

☆ National Association of Realtors CEO steps down, days after real estate group found liable for conspiring to inflate rates
▼ + stars: | 2023-11-02 | by ( David Goldman | Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Bob Goldberg, chief executive officer of the National Association of Realtors, the nation’s largest trade association, is stepping down, the organization announced Thursday. Earlier this week, a federal jury in Missouri found NAR and two brokerages conspired to keep real estate agent commissions artificially high and determined they were liable for $1.8 billion in damages. Nykia Wright, previously CEO of the Chicago Sun-Times, has been appointed NAR interim Chief Executive Officer, starting November 20th. “We are delighted to welcome Nykia as interim CEO,” said NAR President Tracy Kasper, a real estate agent from Nampa, Idaho, and broker-owner of Berkshire Hathaway HomeServices Silverhawk Realty. He added: “Nykia’s strategic expertise and forward-looking perspective are exactly what NAR needs to continue advancing its mission in an ever-changing world.”

Persons: Bob Goldberg, Kenny Parcell, Redfin, Nykia Wright, Nykia, ”, Tracy Kasper, Berkshire Hathaway, Silverhawk, Kasper, “, ” Goldberg Organizations: DC CNN, National Association of Realtors, NAR, Chicago Sun, Times, Sun - Locations: Washington, Missouri, Nampa , Idaho, Berkshire

☆ Cramer's Lightning Round: Realty Income is a buy
▼ + stars: | 2023-11-02 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Realty Income's year-to-date stock performance. Realty Income : "I still think it's a buy." Stock Chart Icon Stock chart icon Kyndryl's year-to-date stock performance. Stock Chart Icon Stock chart icon Confluent's year-to-date stock performance. Stock Chart Icon Stock chart icon SiTime's year-to-date stock performance.

Persons: Martin Schroeter, It's

☆ A new 'wake-up call for real-estate agents' could reshape how we buy and sell homes
▼ + stars: | 2023-11-01 | by ( Hana R. Alberts | ) www.businessinsider.com time to read: +4 min

A jury found Tuesday that real-estate agents and brokerages kept their commissions artifically high. The verdict, she added, is "a wake-up call for real-estate agents." The seller might no longer pay out both agents' commissions after the sale closes. Currently, home sellers often list their properties for higher sums because they expect to pay broker fees. AdvertisementAdvertisement"NAR and corporate real-estate companies have had a stranglehold on real-estate commissions for too long," the plaintiffs' lawyer, Michael Ketchmark, said outside the courtroom Tuesday, according to the Journal.

Persons: brokerages, —, Sissy Lappin, James Rodriguez, Rodriguez, Bernstein, Keller Williams, Michael Ketchmark Organizations: Service, National Association of Realtors, NAR, Wall Street, Keller, Keller Williams Realty Locations: Houston , Texas, Midwest

☆ Buy these 12 high-quality stocks that are up to 42% below their fair market value as Fed rate hikes begin to hit the economy hard, according to Morningstar's chief strategist and economist
▼ + stars: | 2023-11-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The firm estimates fair value based on its projection of a company's future cash flows and the predictability of those flows. The best opportunities are now in value stocks that are trading at about a 22% discount to fair value, Sekara noted. Currently, the real estate sector is the most undervalued sector, with REITs trading at a 26% discount to fair value, Sekara said. Finally, American Tower (AMT), which owns and operates wireless and broadcast communications infrastructure, trades at a 24% discount to fair value. Two other five-star stocks that remain significantly undervalued are AT&T and Verizon, trading at a 35% discount to fair value.

Persons: Morningstar's Preston Caldwell, Caldwell, Dave Sekara, Sekara, Wells Organizations: Treasury, Morningstar, Simon Property Group, Realty Trust, Communications, Verizon, Citigroup, PNC, US Bank

The verdict by a federal jury in Kansas City, Missouri, could upend decades-old practices that have allowed real estate agents to boost commissions as home prices and mortgage rates rise, hurting consumers by making housing transactions more expensive. Plaintiffs in the class action included sellers of more than 260,000 homes in Missouri, Kansas and Illinois between 2015 and 2022, who objected to the commissions they were obligated to pay buyers' brokers. The verdict followed a two-week trial, and the damages award can be tripled under U.S. antitrust law to more than $5.3 billion. Shares of real estate brokerages not involved in the verdict closed lower. Re/Max fell 4.4% and Anywhere fell 2.7%, while online brokers Zillow Group (ZG.O) and Redfin (RDFN.O) declined 6.9% and 5.7%, respectively.

Persons: Larry Downing, Warren Buffett's Berkshire Hathaway, Michael Ketchmark, realty Keller Williams, Mantill Williams, HomeServices, Keller Williams, Darryl Frost, Frost, Sellers, Corcoran, Max, brokerages, Mike Scarcella, Jonathan Stempel, Lance Tupper, David Bario, Chizu Nomiyama, Jonathan Oatis, David Gregorio Our Organizations: National Association of Realtors, REUTERS, realty, NAR, Coldwell Banker, Zillow, U.S . Department of Justice, Thomson Locations: Fairfax, Virginia, U.S, Warren, Kansas City , Missouri, Missouri , Kansas, Illinois, Berkshire, America, Washington, Maryland, New York

☆ Stocks making the biggest moves midday: SoFi, McDonald's, Western Digital, On Semiconductor and more
▼ + stars: | 2023-10-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. McDonald's — Shares gained 2.3% after the company beat both top and bottom lines for the third quarter. Western Digital — Shares of the data storage company jumped 6% after the company performed better than analysts polled by LSEG expected in the fiscal first quarter. Invitation Homes — The home leasing company rose nearly 1% following an upgrade to outperform by Oppenheimer. Saia — The transportation stock rose 3.4% on the back of an upgrade to outperform from peer perform by Wolfe Research.

Persons: SoFi, originations, McDonald's, Stellantis, LSEG, Revvity, FactSet, Oppenheimer, L3Harris, Raymond James, Eastman, AbbVie, Tesla, Bernstein, TD Cowen, —, Femsa, Saia, Jesse Pound, Samantha Subin, Pia Singh, Hakyung Kim, Justin Sullivan Organizations: General Motors, GM, CNBC, Ford, Spirit Realty Capital, Realty, Western Digital, Semiconductor, FactSet, Eastman Chemical —, JPMorgan, Barclays, Citi, Wolfe Research, SoFi Technologies Locations: U.S, San Francisco , California

☆ Realty Income to Buy Spirit Realty Capital in a $9.3 Billion Deal
▼ + stars: | 2023-10-30 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Realty Income said on Monday it would buy Spirit Realty Capital in an all-stock deal valued at $9.3 billion as it looks to expand its real estate portfolio. Shares of Realty Income are down 1.7% at $48.4 in premarket trading, while Spirit Realty was up 11% at $35.91. Under the terms of the agreement, Spirit shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own. Wells Fargo is serving as the financial adviser to Realty Income and J.P. Morgan Securities and Morgan Stanley & Co are serving as financial advisers to Spirit Realty. The deal is expected to close during the first quarter of 2024.

Persons: Wells, Morgan Stanley, Kannaki, Shilpi Majumdar Organizations: Reuters, Spirit Realty Capital, Spirit Realty, Spirit, Realty, Morgan Securities Locations: Wells Fargo, Bengaluru

☆ Realty Income to buy Spirit Realty Capital in a $9.3 billion deal
▼ + stars: | 2023-10-30 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

Oct 30 (Reuters) - Realty Income (O.N) said on Monday it would buy Spirit Realty Capital (SRC.N) in an all-stock deal valued at $9.3 billion as it looks to expand its real estate portfolio. Commercial real estate, especially offices, has been hit by interest rates hikes and workers choosing to stay at home. The combined portfolio is expected to result in reduced rent concentration for Realty Income's clients, while increasing the combined portfolio's annualized contractual rent from $3.8 billion to $4.5 billion, Realty Income said. Wells Fargo is the financial adviser to Realty Income, while J.P. Morgan Securities and Morgan Stanley & Co are serving as financial advisers to Spirit Realty. Spirit Realty primarily invests in single-tenant real estate assets given on long-term leases.

Persons: Sumit Roy, Wells Fargo, Morgan Stanley, Kannaki, Shilpi Majumdar Organizations: Spirit Realty, Realty, Spirit, Morgan Securities, Thomson Locations: U.S, Wells, Bengaluru

☆ Hong Kong property sales could surge after easing measures — but don't expect prices to pop
▼ + stars: | 2023-10-27 | by ( Vivian Kam | ) www.cnbc.com time to read: +4 min

Residential buildings in Hong Kong, China on October 23, 2023. He doesn't expect the move to reverse downward trend in Hong Kong's property prices as interest rates remain high. He expects the policy address will give property prices "a chance to stabilize" and for volumes to pick up. HIBOR refers to the interest rate for interbank borrowing, while prime rate is determined by individual banks. Risks for Hong Kong property

Persons: Vernon Yuen, John Lee, Ken Yeung, Buggle Lau, KC Mok, Mok, Kitty Yiu, Yiu, Eugene Law, Law Organizations: Getty, Hong, Midland Realty, CNBC, Hong Kong Locations: Hong Kong, China, Hong

☆ Hong Kong is paying new parents $2,500 for having a baby but that won’t even pay a month’s rent
▼ + stars: | 2023-10-26 | by ( Chris Lau | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Hong Kong is to pay new parents more than $2,500 for having a baby in a bid to boost its flagging birth rate, but many residents in the notoriously expensive city say it’s barely enough to cover a month’s rent. In Japan (birth rate 1.3), parents get a monthly allowance of $107 dollars for each newborn until two years of age. For each child between three years old and senior high, parents get $66.7 per month. Hong Kong subsidizes education from kindergarten to senior high, but nursery, the year or two before kindergarten, is not usually covered. “The government should be thinking about how to convince [us] that Hong Kong is conducive to child-raising,” Lau said.

Persons: John Lee Ka, chiu, ” Lee, ”, Ken Lau, Kristy Chan, ” Lau, Kim Yeung, ” Yeung, Paul Yip Siu, Hong, ” Yip, Sze Lai, Sze, Lau, “ Organizations: Hong Kong CNN, Hong, HK, CNN, Midland Realty, fai, University of Hong, Society for Community Organization Locations: Hong Kong, East Asia, Singapore, South Korea, Japan, University of Hong Kong

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