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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Financial criminals have used the industry to clean their illicit funds for years. Why real estate?

El Paso 195
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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

The worst results came from Lower Manhattan’s Broadway/Houston Street/Broome Street area, where average asking price per square foot tumbled 25 percent year on year. Meanwhile, the National Restaurant Association estimates that more than 100,000 eateries have either closed permanently or at least long term due to the pandemic.

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The Warehouse Building Rush Brought By eCommerce

PYMNTS

Ecommerce is really changing the shape of the market,” said Perry Colosimo, a FedEx spokesman, in a written statement. “We According to some estimates, the Interstate-78/Interstate-81 corridor is the fastest growing industrial corridor in the nation. Dollar General Corp., Ocean Spray and PetSmart Inc.

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15 Minutes With … Jimmy Rasmussen

Independent Banker

Finally, I focus on economic news in our markets, which include five communities south of Houston. The news will focus on capital spending and job creation with an emphasis on Galveston Island, which is where our community bank’s headquarters and largest market is.

Dallas 131
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Healthcare Disruption Brings More Impact To The Retail World

PYMNTS

Healthcare, among the biggest industries in the world, is being massively disrupted, an effort that could take years or even decades before all the dust settles. Whether PillPack can find a better — and more direct — route to patient prescription data seems unlikely, since Surescripts controls over 80 percent of the market.

Retail 108
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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

PYMNTS

The dry cleaning industry isn’t working. Everyone needs clean clothes, and those working in the industry have to make a living. There’s so much friction in the clothing care industry,” said Ajay Prakash, CEO and founder of Rinse. Houston, Dallas, Austin, Seattle, Miami, San Diego, Denver and New York are up next.

Boston 110
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Community banks are thriving in Texas

Independent Banker

With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. The Houston metro took the 10th spot with a 20.3% It includes Hewlett Packard Enterprise, which is moving its headquarters to the Houston area. Photo by Dennis Burnett. By Mindy Charski.

Texas 182