Commercial leases often require tenants to deliver letters of credit instead of cash security deposits. This practice reflects the belief that an L/C gives the owner better security than a cash deposit if the tenant goes bankrupt. Until very recently, many of those L/Cs came from Signature Bank or—especially for start-up or high-tech companies—Silicon Valley
Real Estate
The tide has turned as housing markets in tech hubs and pandemic migration hot spots are cooling more rapidly than other parts of the country as the tech sector falters and mortgage rates remain elevated, according to a recent survey. The Redfin analysis found that Austin, Texas cooled the fastest over the last year as
Single men have long been more likely than single women to own a home, but that gap narrowed sharply in recent years, nearly closing in 2021. However, a recent survey shows that it widened again last year, shining light on the home buying challenges single women face, including lower salaries and a more volatile workforce
In any commercial real estate deal, there’s a participant essential to the transaction whose importance is oft overlooked. That professional is the real estate appraiser. This “valuation professional” — hired by the lender, seller or other — sizes up the property and offers a valuation that helps nail down the ultimate price tag of the
Interior design that feels current yet timeless is an aesthetic that’s challenging to nail. What’s even more difficult is finding a natural balance in contemporary design that’s intentional and clean, yet has a warmth to it. But, interior designer Audrey Scheck of Audrey Scheck Design doesn’t just shine when it comes to these achievements—she makes