JPMorgan is in talks to lead a massive financing for Extell Development’s plan to build condominiums on Manhattan’s Upper West Side at a site that once served as the headquarters of the ABC television network.

Japan is in the midst of a property boom. Official data shows land prices posted their biggest annual increase since 2010, fueled by condominium demand, inbound tourism, and commercial redevelopments.

QUANTS--WE ARE IN A KOIZUMI TYPE RALLY: Nikko quants differentiate current Japan rally from dotcom rally, pointing to concomitant strength in Topix (bank-heavy) and momentum (growth names) in current (7/25-present) and Koizumi ('05-'06) rallies. Earnings-driven rallies are characterized by shallower drawdowns whereas multiple-expansion driven rallies have historically collapsed more rapidly and unpredictably.

Wall Connector for Business sites that opened in the last 2 weeks (49 sites, 190 total Wall Connectors across public and private properties). Learn more about Wall Connector for Business: - Bridge District - Washington, DC (20 Wall Connectors) - FLATZ 387 - Casa Grande, AZ (12 Wall Connectors) - Parle - Rialto - Louisville, KY (7 Wall Connectors) - Abberly Commons - Charlotte, NC (7 Wall Connectors) - SpringHill Suites by Marriott Airport - San Jose, CA (6 Wall Connectors) - Comfort Inn & Suites Sequoia Kings Canyon - Three Rivers, CA (6 Wall Connectors) - SpringHill Suites Pittsburgh Mills - Tarentum, PA (6 Wall Connectors) - HIEX Morrow Atlanta South - Morrow, GA (6 Wall Connectors) - HCP TPSP, LLC - San Diego, CA (6 Wall Connectors) - 35 Folly Apartments - Charleston, SC (6 Wall Connectors) - TenTen Alfred - West Hollywood, CA (5 Wall Connectors) - Abberly Alston - Cary, NC (5 Wall Connectors) - Comfort Suites Dulles Airport - Chantilly, VA (4 Wall Connectors) - Middle Beach - Dauphin Island, AL (4 Wall Connectors) - Sonesta Select Redmond - Bellevue, WA (4 Wall Connectors) - Homewood Suites Grand Rapids North - Walker, MI (4 Wall Connectors) - Graphite Oakley - Cincinnati, OH (4 Wall Connectors) - The Landmark Club Condominium - Miami, FL (4 Wall Connectors) - Brant's Apple Orchard - Ashtabula, OH (4 Wall Connectors) - Meridian at Ten Ten - Apex, NC (4 Wall Connectors) - Renaissance on Charleston Harbor - Mt Pleasant, SC (4 Wall Connectors) - Home2 Suites by Hilton Lafayette I-10 - Scott, LA (4 Wall Connectors) - Courtyard Marriott - Blacksburg, VA (4 Wall Connectors) - Henley at the Rim - San Antonio, TX (4 Wall Connectors) - The Rewind Hotel / Johnny's Italian Steak - West Des Moines, IA (3 Wall Connectors) - Waikiki Galleria Tower - Honolulu, HI (3 Wall Connectors) - Piccolo Lago Restaurant - Fondotoce, Italy (2 Wall Connectors) - The Lawrence Family Trust - Las Vegas, NV (2 Wall Connectors) - Envi Boutique Hotel - Henderson, KY (2 Wall Connectors) - Minzu 1st Road - Kaohsiung, Taiwan (2 Wall Connectors) - Domi Lini - Druskininkai, Lithuania (2 Wall Connectors) - Pneus Empire - Montréal, QC (2 Wall Connectors) - Quality Inn - Nanaimo, BC (2 Wall Connectors) - Parle - Missouri Avenue - Jeff, IN (2 Wall Connectors) - Townplace Suites - Mt Pleasant, SC (2 Wall Connectors) - One Waterfront Towers - Honolulu, HI (2 Wall Connectors) - Fairfield Inn by Marriott - Clovis, NM (2 Wall Connectors) - GSKA - Seattle, WA (2 Wall Connectors) - LifeFamily - Marble Falls, TX (2 Wall Connectors) - Chokio Community Center - Chokio, MN (2 Wall Connectors) - Hotel Ylem - Houston, TX (2 Wall Connectors) - Fairfield by Marriott Expo Center - Lebanon, PA (2 Wall Connectors) - IMT Gulfstream - Boynton Beach, FL (2 Wall Connectors) - Quality Inn - Jacksonville, AR (2 Wall Connectors) - Drakes Pond Apartments - Kalamazoo, MI (2 Wall Connectors) - River Oaks Apartments - Grand Rapids, MI (2 Wall Connectors) - The Black Forest Lodge - Mill Creek, CA (2 Wall Connectors) - 24 Luxe - Flat Rock, MI (1 Wall Connector) - Tognozzi Trucking - Santa Rosa, CA (1 Wall Connector)

Trump's Treasury Just Deleted the Government's Record of Who Owns America's Shell Companies On August 11, Trump's Treasury Department made it permanent. FinCEN issued a final rule ending the requirement that U.S. companies disclose their actual owners, and announced it will delete the ownership records Americans already filed. Understand what this database was. It was not public. It was not searchable by your competitors or your neighbors. It was a secure file at Treasury listing the human beings who actually control American LLCs, available to law enforcement investigating financial crime. Congress created it in 2020 with strong bipartisan support, including Republican votes, because the United States had become one of the easiest places on earth to set up an anonymous company and move dirty money through it. That file is now being erased. The people who lose most here are prosecutors. The National District Attorneys Association, an organization not known for radical politics, said the rollback has "significantly hindered" the ability of prosecutors to distinguish criminals from legitimate businesses when investigating U.S. shell companies used by transnational cartels, human traffickers, and cyberscammers. Their executive director called it the removal of an indispensable law enforcement tool. These are the people who put money launderers in prison, and they are telling you plainly that this makes their job harder. Now ask who benefits. Anonymous ownership is not useful to a plumber in Ohio. It is useful to someone who wants to buy American real estate without anyone knowing they bought it. It is useful to a foreign national who wants to move money into a business without a paper trail leading back to him. It is useful to anyone whose relationship with an American political figure would be embarrassing if written down somewhere a subpoena could reach. Trump runs a private company that sells condominiums, licenses his name, operates golf properties, and now sells crypto tokens. He has spent his second term openly accepting things of value from foreign governments. A president in that position has a direct, personal, financial interest in a world where nobody has to write down who is on the other side of the deal. He is not a bystander to this policy. He is a plausible customer of it. The usual defense does not hold up. This was not forced by the courts. In December 2025, the Eleventh Circuit upheld the Corporate Transparency Act as a constitutional exercise of congressional power. The law stands. Treasury simply decided not to enforce the part that applies to Americans, and then went further and decided to destroy the data it had already lawfully collected. Scott Bessent called it a victory for common sense and said Trump promised to cut red tape. Read that carefully. Filling out a form once, listing who owns your company, is red tape. Deleting a federal law enforcement database is not deregulation. It is destruction of evidence at scale, before anyone knew what the evidence would have shown. A rule can be rewritten by the next administration. Deleted records do not come back.