The Waco City Council as early as next week could choose among four finalists in its search for a master developer to carry out its ambitious vision for downtown.
Overheard last night at a bar here in Austin, Texas: “It’s hotter than the hinges to the gates of hell.” Not so hot, as residential lenders know, are volume and mortgage rates (which some believe may drift down during the final five months of 2023). No one can predict interest rates with any degree of accuracy or confidence, so originators should optimize the current situation with the cards they have been dealt, which aren’t always good. Speaking of which, an owner of a non-bank lender who was doing $40 million a month a few years ago and who is now doing $10 million a month wrote, “Rob, are you hearing that, in the acquisition of a lender, that all the premium is gone, and that deals are comprised of just an earn out over 2-3 years?” Yes, I am hearing that, for lenders doing $10 million a month. But every deal is different, and for companies that were doing $80 million a month and are now doing $30 million, then there might still be a premium
It’s still lights out at Fort Lauderdale City Hall. The fate of the 1960s-era building remains unknown four weeks after a 1,000-year rainstorm flooded its basement with 8 feet of
Experts are still evaluating whether the old gray bunker can be saved. If they declare the building a total loss, there’s a proposal for a new City Hall waiting in the wings. Renderings show a spaceship-like mirrored building up to 388 feet high, with as many as 18 floors.