Northwest Natural Holding director David Anderson sells $72,038 in stock
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Northwest Natural Holding director David Anderson sells $72,038 in stock
Monthly Spotlight: Commercial Investor-Focused Products
Every month, Mortgage Professional America is producing a series of articles on a theme affecting mortgage professionals across the US. All coverage through the month can be found here
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Rental Demand Shifts to More Affordable Markets as Tenants Seek Relief
Just as prospective car buyers test-drive a new vehicle before purchasing, renters are test-driving new cities online before they commit, offering a key indicator of future rental-hub growth.
Zillow’s August 2026 housing report showed that affordability is the major factor in predicting where a tenant will move, coupled with job prospects. Buffalo, Houston, Dallas, and New Orleans posted the largest year-over-year increases in the share of rental searches coming from outside the areas.
Zillow’s commentary on the report says that renting is how people audition a city before committing, so a jump in outside browsing signals a pipeline of arrivals.
Mischa Fisher, chief economist at Zillow, commented:
“For a decade, the migration story was simple: Leave the expensive coasts for the Sunbelt. What has changed is that renters are finding alternative, mid-sized cities that quietly turned into a bargain while everyone was looking south. And because rental demand runs a step ahead of the moving trucks, this could be a preview of where the country is going, not a recap of where it has been.”
Buffalo Draws the Most Online Searches
Buffalo, Zillow’s hottest market in 2024 and 2025, drew the most action from out-of-town online searches in August, up 4.2% from a year earlier. Houston was up 3.4%, and New Orleans was up 3%.
Several established relocation destinations already received more rental page views from outsiders than locals. In this category, Raleigh was a clear winner, according to Zillow, with 59% of rental listing views originating outside the metro, followed by Zillow’s 2026 hottest market, Hartford, Connecticut, at 55.1%.
Other notable cities include:
- New Orleans at 53.7%
- Salt Lake City at 51.9%
- Nashville at 51.7%
- Providence at 51.5%
“When primary cities become unaffordable, demand tends to migrate to what’s nearby,” Justin Donald, author and founder of The Lifestyle Investor, wrote in Forbes. “Many people who want to live in a major city but cannot afford its housing premiums move to towns within a 45-to-60-minute commute.”
Renters Are Prepared to Move Long Distances
Among long-distance searches, the lure of more affordable markets was a concurrent theme. Washington, D.C.-area renters supplied 23.9% of views on Baltimore rentals, Los Angeles renters generated 21.3% of views in Riverside, and Boston renters accounted for 16.1% in Providence. Further still, New York-to-Hartford represented 6% of Hartford rental views, while Los Angeles renters delivered 5.5% of views in Las Vegas.
“The metros where a renter can actually get ahead, with a bigger place, a real city around them, and enough left over to save, are winning this competition,” Fisher said. “That kind of pull lasts in a way a warm forecast never will.“
While interest from out-of-town renters is a useful screening tool for landlords, it’s not the only one. Interest from local renters is also important; in that regard, relatively affordable markets also dominated. Cincinnati recorded the strongest annual increase in local share, up 8.1% year over year, followed by Jacksonville at 4.6% and Columbus at 3.2%.
Investors Need to Consider More Than Clicks
However, for real estate investors looking for markets to buy in, the calculation has to be about more than following the clicks. Affordability on both sides of the equation—for tenants and landlords—is a key metric.
Zillow’s August rental market update put the typical asking rent at $1,948, up 0.2% month over month, requiring a household income of $77,919. According to Zillow, the typical rents in its most searched cities all fall under this number:
- Buffalo: Typical rent of $1,449 in August
- Houston: $1,643
- Dallas: $1,659
- New Orleans: $1,598
Landlords need to match this data with stats for employment, taxes, incomes, insurance purchase prices, inventory availability, and market stability.
According to Realtor.com’s summer housing report, five of the top 20 saw incomes exceeding the affordability threshold of housing costs at or below 30% of household income:
- Peoria, Illinois
- Akron, Ohio
- Youngstown-Warren, Ohio
- Canton-Massillon, Ohio
- Rockford, Illinois
While this may augur well for home sales, it’s also a good bellwether for investors because buying in these markets will likely result in cash flow when tenants seek to rent before buying or prefer the convenience and affordability of renting in a high-interest market.
Why Mom-and-Pop Landlords Hold the Advantage in Smaller Metros in the Midwest and Northeast
Large institutional investors own the highest percentage of single-family homes in 20 markets, primarily in the Southeast and Southwest, according to the Hamilton Project, as cited by Business Insider.
Although these account for only around 3% of single-family homes nationally, in some Southern cities such as Atlanta and Jacksonville, that share can spike to well over 20%. This leaves many Midwest and Northeast potential rentals largely untouched by larger investors, with small multifamilies offering the advantage of house hacking, FHA financing, and cash flow.
However, competition from other small investors is rapidly increasing. “An affordability advantage never stays a secret for long,“ Zillow’s Fisher said. “The metros pulling outsized attention today are the ones where demand, and eventually rents, are about to firm up. For a renter eyeing Buffalo or Chicago, the window to get in ahead of the crowd is narrower than it looks.”
Final Thoughts: Practical Moves an Investor Can Make When Evaluating a City Today
Before buying in a new city, an investor needs to move beyond the headlines and examine whether rental income will cover a property’s total costs.
It’s more than a basic current-day cash flow analysis; it’s a projected one, too. You need to consider rent growth, vacancies, and landlord concessions. High search activity is a good starting point, but balance it with a look at widespread incentives, such as concessions, which may indicate a landlord is struggling to fill units.
Comparing several rentals in the same ZIP code and property class by talking to local property managers and running cash flow analysis using lower rents, longer vacancies, and a major repair without banking on appreciation is a good stress test because investors can be sure of one thing: Things never go as planned.
Other useful resources include the Bureau of Labor Statistics to check local employment and Census building-permit data to examine the construction pipeline. Heavy apartment construction could limit rent growth, but if it coincides with high employment and job demand, this is an area you’ll want to be in, all else being equal.
Capital One Shopping/Signup Referral Bonus: Get $80
Capital One Shopping $80 Signup Bonus
Capital One Shopping is offering an $80 bonus for new users who sign up through a referral link, install the Shopping extension and complete at least $10 in qualifying purchases. The person referring also earns $80 for every referral, making this a great deal for those in 2+ player mode.
This bonus has been around for quite some time now, and we have seen even better bonuses in the past. However, the recent change is that there’s no longer a cap on how much you can earn through referrals.
Signup Bonus Details
To qualify:
- Sign up through a referral link as a new Capital One Shopping user.
- Install the desktop or mobile Shopping extension within 7 days.
- Keep the extension installed with full permissions during the trial period.
- Make at least $10 in qualifying purchases within 60 days of installing the extension.
- Qualifying purchases must earn Capital One Shopping Rewards.
- The $80 bonus should post within 30 days after all requirements are met.
The offer is available only to U.S. residents. Bonuses are paid as Capital One Shopping Rewards, not cash. Rewards can be redeemed for popular gift card brands such as Lowe’s, Instacart, Marriott, IKEA, Macy’s, Panera, Five Guys, Princess Cruises, Staples and many more.
Guru’s Wrap-Up
This is an easy bonus if you already shop online and don’t mind using the Capital One Shopping extension.
The key requirement is spending at least $10 through Capital One Shopping within 60 days. Just make sure you keep the extension installed with full permissions until the bonus posts.
If you have an account already, you can share your referrals in the Danny Deal Guru Facebook Group.
Bank Text Scams: How to Spot Fake Messages From “Your Bank”
Bank text message scams are on the rise and costing consumers more each year. A recent report from the Federal Trade Commission (FTC) revealed that more Americans reported imposter scams than any other type of fraud last year, with nearly $1 billion in losses, after $866 million in losses to imposter scams the year before.
A report last year by the Pew Research Center indicated that 73% of American adults had experienced some online scam or attack, with 61% receiving text message scams at least weekly that tried to get their personal information.
What Is a Bank Text Scam?
Perhaps we should start by explaining the difference between phishing scams vs. smishing scams, as there are many types of scams and several types of fraud. A phishing scam arrives through email. A smishing scam arrives through a text message (SMS) or a mobile messaging app such as WhatsApp. They both have the same intent: To trick you into revealing personal information that they can use to hack into your accounts, or they convince you to tap or click on a fraudulent link so you can “reset” a password, give the scammer access to your account, or reveal personal information that they could use to hack into your accounts themselves and steal your funds.
What These Scam Texts Actually Say
Text scams try to create a sense of urgency to get you to act without thinking about it or verifying if a message is legit. They often include a link so you can “verify” your personal information, reveal or change your passwords. In reality, the scammers are trying to trick you into giving them access to your accounts or reveal personal information they could use to steal your funds or even your identity.
Examples of bank text scams include:
- The fake fraud alert: It warns that your debit card or credit card is locked because of “suspicious activity” on your account, such as unusual transactions. It will include a link so you can “verify” your identity and confirm whether a “transaction” was legitimate. It might say “We’ve detected unusual activities on your debit/credit card. Please verify these immediately at (fraudulent link).”
- The account compromise warning: A text claims there were unsuccessful attempts to log on to your bank account online. It may include a link so you can “verify” or change your password. For example, “We’ve noticed unusual activities on your account. Please verify/change your password at (fraudulent link).”
- The information request: A text warns of suspicious activities or claims one or more of your accounts, or your debit card, have been frozen because of unusual activities. It asks you to “confirm” your personal information such as your account number, PIN, Social Security number, or the username and password for our online banking portal. For example, “Your debit card has been temporarily locked because of unusual activities. Please verify your card number and PIN to reactivate your card (fraudulent link).”
- The fraudulent transaction: A text pretending to be from your bank asks about a transaction you didn’t make. For example, “A transaction of $1,000 with (name of merchant) has been flagged as suspicious.” The message directs you to either call a number or tap on a link to dispute or approve the transaction. If you call the number, you’ll speak with a scammer who pretends to be from our bank and asks you to “confirm” your account details and personal information.
- The fake security update: A message claims there’s a critical security update for your banking app or your device and you must install or activate this change by tapping on a link. For example, “Union Bank: Important security update! Tap here to install/activate our new security feature (fraudulent link).” If you fall for this scam, they’ll most likely install spyware or malware on your device so they can steal your information and hack into your accounts.
- The one-time passcode scam: You’ve probably received legitimate one-time passcodes (ODPs) as a security feature when changing a password or setting up an online or mobile account. This text message scam relies on that familiarity. It usually happens when a scammer may have already obtained certain information through other means. For example, they may have figured out the answers to the security questions you chose when you set up your account. They just need you to give them the access they need to change your password and empty your accounts. They initiate a one-time passcode request, which is sent to your phone. They then send you a text message claiming to be from your bank and ask you to reveal the OTP to them. For example, “We’ve noticed unusual activities with your account and sent you a one-time passcode. Please reply with the code so we can secure your account.”
P2P Text Scams: These may involve a fake fraud alert, with a fraudulent link for you to “confirm” a transaction, or your account information for a person-to-person (P2P) app such as Zelle or our own P2P service, UBP2PHub. Another P2P text scam involves someone sending you a text claiming they “accidentally” sent you funds through a P2P app and ask you to send it back to them. In some cases they actually do initiate a payment, but they do so with stolen funds, or they cancel their end of the transaction. Either way, if you send the money you’rea unlikely to get it back. For example, “I sent you $500 by mistake. Could you please send it back to me? Thanks!”
Text Phishing Scams: Red Flags to Watch For
Bank text message scams all have a few things in common, starting with the need for urgency. They create some kind of threat to trick you into acting immediately, without thinking about their request. They try to convince you that you’re on the verge of losing money or have already done so.
Of course, there are other ways to spot text message scams:
- It’s from an unknown number. Text messages from us will be from (NUMBERS). In fact, you may have received a text from this number/these numbers If you receive a text out of the blue from a number that hasn’t sent you a message before, that’s a reason to be cautious—especially if it’s some kind of alert or a request for information. We recommend that you save our numbers in your list of contacts, including the numbers that send you text messages, so you can recognize that they’re legit. Keep in mind that scammers could send you a message from a number you don’t recognize; yet falsify its caller ID to make it look like the call is from your bank.
- It asks you to tap on a link to “verify” something, such as a recent transaction or your personal details. That link might take you to a phony website that’s made to look legitimate, so you’ll reveal or “update” your personal information, or login credentials.
- It asks you to install something on your device by tapping on a link, such as a “security upgrade.” If you tap on such a link, it could install malware on your device without you knowing about it. Criminals will use that malware to steal your personal information and passwords.
- Requests for passwords and one-time passcodes. We would never send you a text asking for your password. While we may send you a one-time passcode at your request, we wouldn’t send you a second text asking you to reveal that passcode.
What to Do If You Receive a Bank Text Scam
If you receive a scam text message, or if you have any reason to be suspicious, call and verify the message using a number that you know to be legitimate. We recommend storing our numbers in your contact list, which makes it easy for you to call and verify a message so you can avoid getting scammed. You can easily report text message scams by forwarding them to the FTC at 7726, which spells “spam.” Your cell phone provider may block any numbers that you report as spam.
Staying Protected Going Forward
At Union Bank, we will never request your account information or passwords via text message, email, or phone call. The only time we request personal information is when you call us, and we need to verify your identity.
We recommend you keep all your apps and software updated and use a PIN, password, or some other security method to lock your mobile devices. You can check out our Mobile Banking Security page for more information.
Work with Us to Avoid Bank Text Message Scams
If your Union Bank debit card is lost or stolen, you can report this and disable it through our mobile banking app. If you suspect a scam, you can call us at 800.753.4343. If reporting after business hours or on a weekend, call our fraud watch service at 800.472.3272. International callers can reach us at 616.564.5105.
Stock Market Today, Sept. 21: Meta Surges on Excitement Over Muse Personal AI Agent
Today’s Change
(11.43%) $76.02
Current Price
$741.25
Key Data Points
Market Cap
$1.7TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Day’s Range
$679.60 – $753.00
52wk Range
$520.26 – $785.73
Volume
48.5M
Avg Vol
18.3M
Gross Margin
81.75%
Dividend Yield
0.32%
Meta Platforms (META +11.43%), the social platforms and AI-powered digital advertising company, closed at $741.25, up 11.43%. Wells Fargo (WFC +0.49%) raised its price target to $796, and investors are watching AI progress ahead of the Meta Connect annual event this week.
Trading volume reached 48.3 million shares, coming in about 157% above its three-month average of 18.8 million shares. Meta Platforms IPO’d in 2012 and has grown 1,839% since going public.
How the markets moved today
The S&P 500 (^GSPC +1.49%) closed at 7,764, up 1.49%, while the Nasdaq Composite (^IXIC +2.26%) finished at 27,122, up 2.26%. Among interactive media and social networking software peers, Alphabet (GOOGL +1.55%) closed at $354.97, up 1.55%, and Snap (SNAP +3.07%) ended at $5.70, up 3.07%.
What this means for investors
It’s been less than two weeks since Meta released its Muse AI personal agent tool, and it’s already become one of the most popular interactive AI agents available. It has surpassed OpenAI’s ChatGPT, Anthropic’s Claude, and others for current downloads in its category on Apple‘s (AAPL +0.85%) iOS app store, according to reports.
That caught the attention of analysts, including Wells Fargo’s Ken Gawrelski. He raised his price target on Meta to $796 per share from $640, hoping that many users will need to opt for a paid subscription due to heavy usage.
Investors in the AI sector have been looking for signs that agentic use cases will emerge to drive returns on investment, and today’s download data suggests Meta may be an early beneficiary. Investors will be looking for concrete revenue estimates moving forward, but Meta stock is already reacting to the news.
Wells Fargo is an advertising partner of Motley Fool Money. Howard Smith has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet, Apple, and Meta Platforms. The Motley Fool has a disclosure policy.
Where to Keep Cash You’ll Need Soon: T-Bills vs. Money Market Funds vs. High-Yield Savings vs. CDs
If you’re sitting on a large cash balance waiting for something specific, a home purchase, a practice buy-in, a syndication that hasn’t called capital yet, you have a decision to make that most people never actually make. They just leave it wherever it landed.
The cost of that is real but modest. Two hundred thousand dollars in a checking account earning close to nothing, versus roughly 4 percent, is about $8,000 a year.
The cost of the opposite mistake is much larger, and it’s the one worth more attention.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial, legal, or investment advice. Any investment involves risk, and you should consult your financial advisor, attorney, or CPA before making any investment decisions. Past performance is not indicative of future results. The author and associated entities disclaim any liability for loss incurred as a result of the use of this material or its content.
Start with the date, not the yield
Every dollar you’re holding either has a date attached to it or it doesn’t.
If it has a date, your job is making sure it’s there on that date. If it doesn’t, it isn’t really cash, it’s investment capital, and a savings account is the wrong place for it.
The second question matters almost as much: how firm is that date? Closings slip. Capital calls arrive early. Build around the date you might actually need the money, not the one on the calendar.
The four main options
| Access speed | Insured | State tax | Rate behavior | |
|---|---|---|---|---|
| High-yield savings | 1 to 3 days (ACH) | FDIC to $250K | Taxable | Bank-set, promotional |
| Money market fund | Same or next day | No (SEC-regulated) | Partly exempt | Tracks Fed quickly |
| T-bills | At maturity, or sell | Treasury-backed | Exempt | Locked at purchase |
| Treasury ETF | T+1 | Treasury-backed | Exempt | Floats with market |
High-yield savings accounts are the simplest option and currently pay in the range of 4.1 to 4.2 percent at the top of the market, against a national average savings rate of 0.38 percent. The rate is variable and promotional, so banks cut quietly. The account that was competitive two years ago may not be today.
Money market funds live inside your brokerage, which matters when you need to wire quickly. Yields are comparable to top savings accounts right now, but they track Fed moves almost immediately in both directions, while bank rates lag on the way up and fall fast on the way down. Compare funds using the 7-day SEC yield.
T-bills run from 4 weeks to 52 weeks, with the 3-month currently yielding around 4.03 percent. Held to maturity, there’s no price risk.
One practical trap: if you buy through TreasuryDirect, you cannot sell before maturity on that platform. You’d have to transfer the security to a brokerage first. If your date is uncertain, buy bills through your brokerage instead.
Treasury ETFs are the convenience version. They trade like a stock, settle the next business day, and require no laddering. You give up a few basis points to the fund and accept minor share price movement.
Two options most people skip
No-penalty CDs. Standard CDs are wrong for an uncertain timeline, since the early withdrawal penalty is exactly the feature you don’t want. The no-penalty version removes it: you lock a rate for 11 or 13 months and can withdraw the full balance any time after the first week. The tradeoffs are a slightly lower rate, and most don’t permit partial withdrawals.
Brokerage cash sweep programs. If your balance exceeds $250,000, multi-bank sweep programs spread deposits across a network of partner banks, pushing effective FDIC coverage well past the single-bank limit.
Worth checking regardless of balance: what your brokerage cash is actually sitting in. At some firms the default sweep is a money market fund earning market rate. At others it’s a bank deposit sweep earning a fraction of a percent, while a money market fund paying four times that sits one click away in the same account.
The state tax advantage
Treasury interest is exempt from state and local income tax. Bank interest is not.
For a California physician in the 9.3 percent marginal state bracket, a Treasury yielding 4.00 percent is equivalent to roughly 4.41 percent from a bank. The bank has to beat the Treasury by more than 40 basis points just to tie. In New York City, stacking state and city tax widens the gap further.
Two details that matter:
Money market funds only pass through the exemption partially. It applies to the portion of the fund holding direct government obligations, and California, New York, and Connecticut require the fund to clear a threshold of government holdings before any of it passes through. Funds publish that percentage annually, which means two funds with identical yields can produce different after-tax results.
None of this applies in Texas, Florida, Tennessee, Nevada, and other no-income-tax states. There’s nothing to be exempt from.
For those in the top federal bracket in a high-tax state, a state-specific municipal money market fund can sometimes win on an after-tax basis despite a lower headline yield. That’s a narrow case requiring actual calculation.
Where this money should not go
Two categories, with different failure modes.
Illiquid by design. Syndications are 3 to 7 year holds with no redemption right and no meaningful secondary market. The operator decides when you get your money back. Distributions can be paused, and capital calls can request more rather than return any. The same applies to private notes, hard money lending, and money lent to family or a friend’s business.
None of that is a flaw in the asset. It’s simply incompatible with money that has a fixed date attached.
Liquid but still wrong.
- Equities. You can sell any day. You may hate the price on the day you have to. Down 18 percent in month 12 of a 14-month timeline leaves you closing late or locking in the loss.
- Long-duration bond funds. In 2022, the most widely held long-term Treasury fund lost more than 30 percent. Those were Treasuries. Safe from default is not the same as safe from loss.
- Standard CDs with a real early withdrawal penalty.
- I Bonds. Locked for a full 12 months with no exceptions, plus a three-month interest penalty before year five. Annual purchase limits make them irrelevant at this scale anyway.
- Annuities and cash value life insurance. Surrender charges can run 5 to 10 years. Getting your money out early means paying a fee to access it. This is worth naming specifically, because it’s the product most likely to be pitched to a parent or retiree holding exactly this kind of cash, and it will be described as safe.
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The question nobody asks
Everything above optimizes for yield, tax treatment, and access. There’s a fourth variable that determines whether any of it works: who is going to operate this?
A rolling T-bill ladder through a brokerage is often the technically optimal answer. Better yield, no state tax, complete control. It also requires someone to roll it every 90 days.
If that person doesn’t exist, the optimal plan isn’t the realistic alternative. The realistic alternative is frustration, abandonment, and the money sitting in checking for two years earning nothing.
A single high-yield savings account with a multi-bank sweep gives up the state tax exemption and rate certainty, costing perhaps a few thousand dollars a year on a large balance. It also runs itself.
Sometimes that’s the correct trade, and not because it’s simpler. Because it’s the one that actually gets used.
What to do this week
List every idle balance across your accounts.
- Write a date next to each one. No date means it isn’t cash.
- For dated money, let the date select the instrument, not the yield.
- If the date is genuinely unknown, pay for liquidity deliberately. Take the slightly lower number in exchange for flexibility.
- Be honest about whether you’ll maintain the structure, or whether it needs to run without you.
Rates cited as of September 2026 and will change. The framework won’t.
Were these helpful in any way? Make sure to sign up for the newsletter and join the Passive Income Docs Facebook Group for more physician-tailored content.
Peter Kim, MD is the founder of Passive Income MD, the creator of Passive Real Estate Academy, and offers weekly education through his Monday podcast, the Passive Income MD Podcast. Join our community at the Passive Income Doc Facebook Group.
Disclaimer: I am not a CPA, attorney, or financial advisor. The information in this post is for educational purposes only and should not be construed as tax, legal, or financial advice. Please consult a qualified professional about your specific situation before making any decisions.
Further Reading
Tuboleta owner BeatHub buys out Chile’s BeLive to take 100% of Bogotá’s Movistar Arena
BeatHub Entertainment has acquired the 50% stake in the operator of Bogotá’s Movistar Arena that was held by Chile’s BeLive Entertainment Group.
The deal leaves the Colombian group with 100% of Colombiana de Escenarios, which runs the venue under a concession from the city’s recreation and sports institute, the IDRD.
Neither party disclosed what BeatHub paid.
The transaction was announced on Thursday (September 17).
BeLive had been BeatHub‘s partner in the arena since the project was first developed, and now exits Colombiana de Escenarios entirely.
BeatHub was built by the founders of Tuboleta, which the group calls Colombia’s leading ticketing marketplace, and also owns promoter Breakfast Live, technical production firm Thunder Production, and catering business Venues Snacks.
The company filed in June for clearance from Colombia‘s competition regulator, the Superintendence of Industry and Commerce (SIC), to become sole shareholder of Colombiana de Escenarios.
The move was “simply a shareholding reconfiguration of an existing company in which BeatHub already had control in competition terms,” according to the regulatory file reviewed by Colombian outlet Valora Analitik.
The Movistar Arena opened in 2018 and has drawn more than 5.5 million people and hosted over 400 artists since, according to BeatHub.
The company expects the venue to stage more than 160 events in 2026.
“We have spent 26 years building this ecosystem and developing the entertainment industry in Colombia.”
Eduardo Olea, BeatHub Entertainment
“We have spent 26 years building this ecosystem and developing the entertainment industry in Colombia,” said Eduardo Olea, CEO of BeatHub. “We believe in the country and in the potential that this industry has.
“Consolidating 100% ownership of the Movistar Arena reflects that conviction and our decision to stay, to keep investing, and to keep building in Colombia with a long-term vision.”
The deal was financed through the Bonus private capital fund’s Infrastructure II compartment, which is managed by Alianza Fiduciaria, BeatHub said.
Abello Galvis Abogados advised on legal matters and G&P Smart Consulting on financial matters, with Baker & McKenzie providing credit-side legal support.
BeLive Entertainment Group is headquartered in Santiago and produces more than 250 events a year across Chile, Colombia, Peru, Ecuador, and Uruguay, as previously reported by MBW.
Until now, it held stakes in the arenas in both Santiago and Bogotá.
Those two buildings have moved in different directions inside ten months: in December 2025, Live Nation took a majority stake in the 15,000-capacity Santiago venue, in a partnership with BeLive.
That arena is no longer a Movistar Arena either. On September 5, it was relaunched as the Santander Arena, ending 18 years under the telco’s name, after Millicom, which now owns Movistar‘s Chilean operations, declined to renew the naming deal and Banco Santander stepped in.
Live Nation has kept buying arenas and promoters across the region since.
In January, it took a majority stake in Bizarro Peru – the Peruvian arm of Bizarro Live Entertainment, itself a BeLive company. In June, it acquired a majority stake in Movistar Arena Buenos Aires, a building that hosts more than 250 events and draws more than 2.5 million fans annually, and agreed to buy a majority stake in Argentine promoter Dale Play Live.
Which makes BeLive the quiet story here. Since December, the Chilean group has seen Live Nation take majority control of its Santiago arena and its Peruvian promoter, and has now sold its Bogotá stake to BeatHub. It retains a minority holding in the Santander Arena, the rest of the Bizarro Live promoter network, a stake in ticketing business Punto Ticket, and food and beverage operations Caba and Vive Snack.
Live Nation‘s own Colombian presence predates all of that. It bought a majority stake in Bogotá promoter Páramo Presenta, the company behind Estéreo Picnic, in 2023. Through Páramo and Mexico’s OCESA, it has operated the 15,000-seat Arena Cañaveralejo in Cali since May last year.
“Latin America is on fire, small to big to festivals,” Live Nation President and CEO Michael Rapino said on the company’s Q1 2026 earnings call in May.
President and CFO Joe Berchtold has said Live Nation is targeting 48 new venues within five years.
BeatHub‘s next arena is DAVIarena, a 17,200-capacity building in Sabaneta, in the Aburrá Valley outside Medellín, developed in partnership with bank Davivienda.
Davivienda took the naming rights in May, rebranding what had been the Arena Primavera project. The venue is due to open on November 14 with a concert by Juanes.
“With the Movistar Arena in Bogotá and the coming opening of DAVIarena in Medellín, we will have two world-class arenas in the main markets in the country.”
Gabriel Sánchez, BeatHub Entertainment
“With the Movistar Arena in Bogotá and the coming opening of DAVIarena in Medellín, we will have two world-class arenas in the main markets in the country,” said Gabriel Sánchez, Director of Strategy at BeatHub. “This will allow us to strengthen Colombia‘s strategic position within the routing of tours around Latin America, attract more content, and generate new opportunities for the whole live entertainment industry.”
Sánchez told Colombian business daily La República that DAVIarena represents an investment of COP 320 billion (approx. USD $100 million at current exchange rates), and named Barranquilla as a candidate for the group’s next project.
The peso has strengthened sharply this year: the same figure was reported as USD $84 million when the investment was announced in May.
“We believe that at this moment there is no player in the entertainment sector betting on the country as much as we are,” he told the paper.
Still unresolved is what the Movistar Arena will be called.
Telefónica has left the Colombian telecoms market: Millicom, which trades as Tigo, completed its takeover of Colombia Telecomunicaciones in April, after buying Telefónica‘s controlling stake in February.
Valora Analitik reports that sources close to the process expect Tigo to take the naming rights, which would retire the Movistar Arena name in use since 2018.
Santiago offers the template: the same new owner, the same decision not to renew, and a different sponsor’s name over the door inside two months.
BeatHub did not address the naming rights in its announcement.
Across its companies, the group says it produces more than 200 events a year, including four festivals drawing over 30,000 people each, and generates around 350 direct jobs.Music Business Worldwide
Are Mortgage Rates Going Up or Down?
The past month has been really rough for mortgage rates, but we could be near a top.
The 30-year fixed has risen from around 6.875% in early August to 7.25% today.
However, the move higher could be running out of steam given the big increase in such a short period of time.
What will dictate the next move will largely depend on what happens in the Middle East, as the conflict and oil prices have been the main driver this year.
If you recall, the 30-year fixed was below 6% for the first time since 2022 before the war began in late February.
Mortgage Rates Have Gone Up a Lot Recently
It’s been a very bad month for mortgage rates. One of the worst in recent memory in fact.
While there are always periods where rates rise and drop, there’s been a sharp increase over the past 30 days and change.
If you look at this chart from Mortgage News Daily, you’ll see that rates went parabolic recently.
The 30-year fixed is now averaging around 7.25%, which is the highest level seen since early 2025.
Assuming rates get even worse from here, they’d be the highest since spring of 2024.
The worst part is that the 30-year fixed was the best it had been since mid-2022 as recently as early March.
That’s right. We had the best mortgage rates in four years heading into the spring home buying season.
Then the conflict began. Without warning, oil prices shot higher and so too did mortgage rates.
There has been some ebb and flow, but it’s mostly been up, up, up ever since.
Since the war began, the 30-year fixed is up about 125 basis points (1.25%). Ouch!
[Compare different rate quotes quickly with my new mortgage rate calculator.]
Mortgage Rates Can Come Back Down Under the Right Conditions
So we know mortgage rates have gone up a lot recently. As noted, more than a full percentage point.
They’re also now about one full percentage point above their year-ago levels, which is yet another massive headwind for the ailing housing market.
But what if mortgage rates are at/near a top? What if they’ve already done the climbing they’re going to do?
What if they’ve priced in the $100/barrel oil and the conflict and its effects on inflation?
It’s entirely possible they’re at a top and could begin to unwind the move higher over time.
The answer to that question though will depend upon what happens in the Middle East.
It’s pretty clear from the mortgage rate chart above that the increase in rates was driven by the war.
That means the most logical way for mortgage rates to come back down again is for the war to end.
Or for positive developments to take place that lead to lower oil prices and a sense that a peace deal is near.
There is chatter again that President Trump could meet up with the President of Iran, who will apparently attend the United Nations General Assembly in NYC this week.
If that happens and it’s somehow positive, oil prices could continue to retreat and so too could mortgage rates.
That’s what you want to keep an eye on right now if you’re curious if mortgage rates are going up or down.
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 20 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on X for hot takes.
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