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Legion Capital Selects Wealthforge as Managing Broker-Dealer June 28, 2023

Legion Capital Selects Wealthforge as Managing Broker-Dealer

Legion Capital Selects WealthForge as Managing Broker-Dealer June 27, 2023 | Heather Acey | WealthForge Legion Capital, a specialized real estate development lender, has chosen WealthForge as its new managing broker-dealer. Legion will benefit from WealthForge’s deep experience with providing operational and back-office compliance services to alternative investment sponsors. As managing broker-dealer, WealthForge provides sponsors…
May 2023 Reported Nontraded REIT Sales Up 11.3% from April 2023 June 27, 2023

May 2023 Reported Nontraded REIT Sales Up 11.3% from April 2023

Blue Vault received April 2023 sales totals for ten nontraded REIT program offerings as of June 25, 2023. Sales reported by those ten NTRs totaled $198.4 million, up 11.3% from $178.2 million in April for the same ten NTRs, and down 68% Y-O-Y from the $627.9 million in sales in May 2022...
Ashford Securities Announces $500 Million In Capital Raised Since 2021 June 27, 2023

Ashford Securities Announces $500 Million In Capital Raised Since 2021

Ashford Securities LLC (“Ashford Securities”), a wholly-owned subsidiary of Ashford Inc. (NYSE American: AINC) (“Ashford”), is pleased to announce that it has reached a milestone of $500 million, including $42.1 million from institutions, in capital raised in less than two years of serving investors via the independent broker-dealer and RIA distribution channels.
Investor Relations and New Investment Processing June 26, 2023

Investor Relations and New Investment Processing

Investor Relations and New Investment Processing June 22, 2023 | David Fisher | Phoenix American New investment processing is all about efficiency and accuracy and an essential part of investor relations. The ease and speed with which an investor is brought into a fund by the investor relations team is the investor’s first impression of…
The World’s Empty Office Buildings Have Become a Debt Time Bomb June 26, 2023

The World’s Empty Office Buildings Have Become a Debt Time Bomb

In New York and London, owners of gleaming office towers are walking away from their debt rather than pouring good money after bad. The landlords of downtown San Francisco’s largest mall have abandoned it. A new Hong Kong skyscraper is only a quarter leased...
Silicon Valley, Calif., Office Vacancy Surging June 26, 2023

Silicon Valley, Calif., Office Vacancy Surging

Vacant office space is piling up in California's Silicon Valley as technology companies reassess their workspace needs, The Wall Street Journal reported. Office vacancies in San Jose, Palo Alto and Sunnyvale rose to 17% in June...

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