Plan Coming on Commercial Loans
October 15th, 2009Federal bank regulators are close to issuing guidelines that would encourage lenders to rework troubled commercial real-estate loans, a sector of the economy they expect to topple scores of additional financial institutions.
Global Investors Following Decline in U.S. Property Values with Growing Interest
October 14th, 2009While there has been a noteworthy decrease in the amount of cross-border real estate investment in the Americas since the beginning of the economic crisis, new activity is springing optimism that foreign investors are increasing their interest and preparing…
Bank Watch: Sun National Writing Down Value of More CRE Assets
October 14th, 2009Sun Bancorp Inc., the parent company of Vineland, NJ-based Sun National Bank, expects to record a third quarter provision for loan losses of approximately $16.2 million, increasing the allowance for loan losses to approximately 1.7% of outstanding loans…
An Apartment Complex Teeters in New York
October 14th, 2009A high-profile New York City apartment complex is running out of cash and in danger of imminent default.
Stuy Town Teeters
October 14th, 2009A high-profile New York City apartment complex is running out of cash and in danger of imminent default.
REITs Gear Up in Germany
October 14th, 2009Plans by Germany to overhaul regulations for REITs are expected to unleash a round of listings that could include some of Germany’s biggest publicly traded property firms.
Court Weighing Eminent Domain
October 14th, 2009New York’s highest court is set to hear a case that will decide whether the state government can lawfully seize private property for a development company.
Tishman/BlackRock Venture in Danger of Default
October 14th, 2009A high-profile New York City apartment complex is running out of cash and in danger of imminent default.
Drug Stores Trump Most Retail Categories on New Store Additions and Property Sale Transactions
October 14th, 2009Retailers in the drug store category have been among the few retail chains opening hundreds of new stores throughout this recession. The “Big Three” — Walgreens, CVS and Rite Aid — should account for about 800 new store openings during fiscal 2009,…
DTCC Moving 1,600 Employees from Manhattan to Jersey City
October 14th, 2009The Depository Trust & Clearing Corp. (DTCC) is moving the majority of its Manhattan staff to Jersey City.
The financial services firm is relocating about 1,600 employees to a 415,000-square-foot space at 570 Washington Blvd. in the Lefrak Organization…
