Portobello Road stabbing forces closure of world-famous market

Belfast’s Smithfield Market so dirty it ‘looks derelict’, traders say

Smithfield Market on Winetavern Street has been a fixture of city life for decades, has come under scrutiny from traders

Ermanno Scervino expands retail network with new stores in Europe, the US and Asia

The luxury brand, founded in Florence and still deeply rooted in the city, is investing in new flagship locations. The post Ermanno Scervino expands retail network with new stores in Europe, the US and Asia appeared first on Florence Daily News.

Blackstone Lands $115M Refi for Fort Lauderdale W Hotel From JP Morgan

Blackstone nabbed 115 million to refinance the oceanfront, W hotel in Fort Lauderdale, Fla., property records show. The debt from J.P. Morgan Chase covers the 346-room property at 401 North Fort Lauderdale Beach Boulevard, between Riomar Street and Bayshore Drive. In 2024, the private equity giant purchased the 19-story building from an affiliate of Related []

Landlord loses UES grocery condo to foreclosure

Despite grocery-anchored retail properties’ increasing popularity, some owners are still losing buildings to lenders. Through an affiliate, lender MetLife took back the keys at 188 East 64th Street on the Upper East Side through a deed in lieu of foreclosure, Crain’s reported. Real estate firm Gateside Corporation gave up both two units in the deal, a commercial condominium and a parking garage. The deal valued the two units — located at The Royale luxury condo complex — at 44.1 million. The property is also addressed at 1066 Third Avenue. It’s unclear what sparked the foreclosure proceedings; MetLife declined to comment []This article originally appeared on The Real Deal. Click here to read the full story.

Big Tech’s $25 Billion Mega Bond Sales Are Pushing Market Limits

Once a rare event reserved for historic mega-acquisitions, the jumbo bond sale is increasingly becoming the tech sector’s go-to financing tool. Debt offerings of 25 billion or more have quickly shifted into a baseline for tech giants funding their artificial intelligence expansion, with Amazon.com Inc.’s sale on Tuesday marking the seventh time this year alone a technology company has reached that threshold in a single shot. Vishal Khanduja, Head of Broad Markets Fixed Income at Morgan Stanley Investment Management, discusses how the bond market is pricing in these offerings. (Source: Bloomberg)