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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether.

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Deliverr Raises $7.1M In Venture Funding Led By 8VC

PYMNTS

According to reports citing the company, the Series A round of venture funding was led by 8VC, the venture capital company. Deliverr has ten warehouses in states including Texas, Missouri, Pennsylvania, Ohio, and New Jersey. Deliverr said it will use the funding to grow its team and ink more partnerships with more online retailers.

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New England Confectionery Co. Sells For $18.8M At Auction

PYMNTS

Ohio-based Spangler Candy Company won the auction with a bid of just under $19 million, The Boston Globe reported. “We Spangler was among two other bidders: Round Hill Capital LLC and Gordon Brothers. With online grocery shopping, chewing gum and candy bars are out of sight and out of mind without, say, a checkout aisle.

Boston 100
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Paya Acquisition Aims To Solve City Hall’s Paper (Billing) Chase

PYMNTS

8) that it had acquired First Billing Services , a billing processor based in Ohio that focuses on municipalities and utilities. Moving forward, Paya said, the firm will provide capital and resources to accelerate First Billing’s technology offerings, and support the latter’s “rapidly growing” customer base.

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An App A Day Keeps Grocery Shoppers Coming Their Way

PYMNTS

non-profit grocer Daily Table, which stocks healthy and convenient foods at an affordable price by sourcing them from a large network of growers, markets and manufacturers. Instacart started in San Francisco but announced that it plans to launch in more than 100 new markets by the end of 2017. Finally, Campbell Soup Co.

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Peapod And Alexa Deliver Greater Grocery Ordering Convenience

PYMNTS

It delivers to homes and businesses in 24 metro markets and has more than 200 pickup locations. The beauty of online grocery shopping is that you can add to your order throughout the week and at the very moment you remember that you need something,” said Cat de Merode, Peapod’s vice president of product.

Columbus 100
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What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

Redfin also said that “online views of homes currently for sale in Crystal City and Long Island City on Redfin.com have skyrocketed. Meanwhile, in at least one city that Amazon turned down (Chicago), creative marketing types exacted a bit of benign revenge on the company via its own technology. In the week ending on Nov. Citi Reaction.