ArcaMax

Vacancy rates for life science space are at record highs, and a few firms are capitalizing on the downturn.

The region’s core cluster vacancy rate is a record 31.2%, up from 20.4% a year ago, according to a report by commercial real estate firm Jones Lang LaSalle. Vying to fill vacant buildings, landlords are offering incentives like free ...Read more

NEW ULM, Minnesota – Leaders in this southern Minnesota city, famous for its German heritage, have adopted a new philosophy to combat its housing crisis: saying “ja.”

Over the past few months, the City Council in this town of about 14,000 has approved a flurry of housing projects, including nearly two-dozen shed houses in an industrial ...Read more

CHICAGO — The remaking of North Michigan Avenue will take another step forward next year with the opening of a new two-story Chase/J.P. Morgan banking center in a former clothing store across from the Water Tower.

The high-traffic retail location at 830 N. Michigan Ave. will feature a Chase branch at street level and a J.P. Morgan Financial ...Read more

Average rents in San Diego County have fallen for six straight months and have reached a milestone not seen since in 15 years.

Rents are down 0.3% year-over-year to an average $2,520 per month in early December, said real estate tracker CoStar. San Diego County has not seen average rent decline on an annual basis since the end of 2010.

Of ...Read more

Picture this: A sandy, 25-mile stretch of beach, just a three-hour drive from Miami but devoid of grocery stores or gas stations, restaurants, bars or hotels. Instead, sea turtles nest on the beach, their hatchlings’ sense of orientation protected by dark-sky rules and by long-term residents who know to handle them with care on their extensive...Read more

In a move that significantly expands its footprint in the mortgage servicing landscape, Pontiac, Michigan-based United Wholesale Mortgage Holdings Corp. said Wednesday it would acquire Two Harbors Investment Corp. in an all-stock deal valued at $1.3 billion.

The merger combines United Wholesale Mortgage with Two Harbors, a real estate ...Read more

An Amazon warehouse near the gates of Los Angeles International Airport has sold for a record price as logistics centers near transportation hubs grow in value.

The real estate investment arm of global financial services firm Morgan Stanley recently paid $211 million for the distribution center on 98th Street amid several private long-term ...Read more

PayPal Holdings Inc. applied to become a bank in the U.S., looking to take advantage of the Trump administration’s openness to financial-technology companies entering the banking system.

The payments-focused firm submitted applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form a Utah-...Read more

Most Americans feel uncomfortable with their emergency savings — and for good reason. According to Bankrate’s latest research, building a financial cushion feels impossible when you’re drowning in forgotten subscriptions, overpaying for everything and manually tracking expenses that slip through the cracks.

AI-powered finance apps solve ...Read more

The Federal Reserve lowered interest rates again at its final meeting of the year, signaling that Chair Jerome Powell was able to guide his deeply divided committee toward a consensus over how to manage an economy suffering from both higher inflation and unemployment.

The Federal Open Market Committee (FOMC) in December reduced its benchmark ...Read more

Private health insurance premiums will be going up in 2026 — in some cases, by a lot.

Congressional Democrats and Republicans remain deadlocked on health care reform, following disagreements over America’s health insurance marketplace that contributed to November’s government shutdown. At the heart of the issue is the extension of the ...Read more

PITTSBURGH — When Destenie Nock was in graduate school, earning her doctorate in industrial engineering at the University of Massachusetts Amherst, her electricity was shut off for nonpayment.

She and her roommates prioritized paying for fuel deliveries to their oil-heated home and had trouble catching up on other utility bills.

It wasn't ...Read more

Dealmakers are heading into the final weeks of 2025 on a $100 billion cliffhanger.

Paramount Skydance Corp.’s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions: renewed desire for transformative tie-ups, massive checks from ...Read more

DETROIT — Marie Shoulders of Detroit has a penny purse, a penny jar and a small penny pouch.

As a self-confessed penny hoarder, she wasn't surprised to hear about the scarcity of the reddish-brown copper-and-zinc coins.

"The pennies are short because people have them at home in they drawers, purses and everywhere. I keep them. ... There's ...Read more