Erik Sherman

1 week ago | globest.com | Erik Sherman

Bonside, Inc., a company that has focused on financing for small-to-medium retail operators for a few years, is taking a step across the divide to work with landlords. Where once the company helped retailers afford new brick-and-mortar locations, they’re now looking to develop services for the property net lease owners, like providing insight into a potential tenant’s financials. From the beginning, offering potential financing meant getting information from the retailers.

1 week ago | globest.com | Erik Sherman

The current financing conditions in CRE offer challenges for borrowers. Many developers and owners have faced hurdles in refinancing because of interest rate increases. That’s led to tangled and complex financial structures to make deals work and keep them efficient.

1 week ago | globest.com | Erik Sherman

The May Beige Book from the Federal Reserve has revealed a troubling sign: “economic activity has declined slightly since the previous report,” due to “elevated levels of economic and policy uncertainty.” Half a dozen of the Fed’s districts saw slight to moderate declines in activity; three saw no change; and three reported slight growth.

1 week ago | forbes.com | Erik Sherman

CANNES, FRANCE - JUNE 19: Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in ... More Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. (Photo by Marc Piasecki/Getty Images)Getty ImagesA practice of Elon Musk and Tesla’s board raises questions about the company’s governance and the possible low valuation that private capital markets are putting on its shares.

1 week ago | globest.com | Erik Sherman

President Trump has raised the tariffs on steel and aluminum to 50%, from the previous level of 25%. They went into effect this week and will continue “unless such actions are expressly reduced, modified, or terminated," according to a statement from The White House. Imports from the U.K. still come under the 25% tariff levels, with the potential of changes “depending on the status of the U.S.–UK Economic Prosperity Deal.” The claimed reason for the increase was national security.