Empire State Building - Real Estate Investor Pulse

Insurance Firm Leases Full Floor in the Empire State Building

January 26, 2024 Allen Santos Comments Off

Empire State Realty Trust Inc. (NYSE: ESRT) has signed Greater New York Mutual Insurance Company (GNY Mutual) for a new full-floor, 52,116 square foot space in the iconic Empire State Building. “We are pleased to […]

Empire State Building office occupancy rate tops 90% to buck NYC’s woes

November 6, 2023 Mariel Alumit Comments Off

When you’re a huge, publicly-traded company with more than eight million square feet of offices in a struggling market, it helps to have a world-famous Observatory on top of your most famous building. Empire State […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]