The Real Deal New York

Posts Tagged ‘JPMorgan Chase’

  • 5-manhattan-west

    From left: 350 West 33rd Street, Peter Riguardi and Bruce Mosler

    Chase Digital Media, the mobile and website division of JPMorgan Chase, is in talks to occupy 150,000 square feet at Brookfield Office Properties’ 5 Manhattan West. [more]

  • steinway

    28-56 Steinway Street in Astoria and Robert Knakal

    Queens-based construction and management firm Werber Management acquired a 50,000-square-foot commercial building in Astoria from Short Hills, N.J.-based developer Garden Commercial Properties for $32 million, according to property records filed with the city today. [more]

  • From left: JPMorgan Chase CEO Jamie Dimon, 575 Washington Boulevard in Jersey City and Curling Club Apartments in Hoboken

    From left: JPMorgan Chase CEO Jamie Dimon, 575 Washington Boulevard in Jersey City and Curling Club Apartments in Hoboken

    Accelerating property prices in Manhattan and Brooklyn are leading institutional investors to scoop up property in Northern New Jersey, according to Massey Knakal Realty Services. [more]

  • From left: 270 Park Avenue and Jamie Dimon

    From left: 270 Park Avenue and Jamie Dimon

    JPMorgan Chase is talking to several developers about potentially moving its headquarters. [more]

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  • TK

    Curling Club Apartments at 1130 Grand Street, Hoboken

    JPMorgan Chase acquired a 240-unit rental complex in Hoboken for $125 million.

    The Curling Club Apartments, which spans a block at 1130 Grand Street, holds four five-story properties. Each building has a single-story parking garage at its base. AFL-CIO Building Investment Trust has owned the complex since 2004, about five years after it opened. [more]

  • pruger-roseman-rkf

    From left: Jason Pruger, Jeffrey Roseman and Robert Futterman at past RECon conventions in Las Vegas

    Tomorrow a temporary but fundamental shift will impact the city’s commercial real estate industry. The center of gravity will shift 2,500 miles west as the bulk of the city’s real estate players decamp for Las Vegas for several days to participate in the annual conference hosted by the International Council of Shopping Centers. [more]

  • jpmorgan

    From left: Doug McGregor and Jamie Dimon

    JPMorgan Chase and Royal Bank of Canada Capital Markets are seeking incentives from the New Jersey Economic Development Authority in an effort to open offices in Jersey City.

    The board plans to vote on subsidies Friday, Capital New York reported. RBC Capital wants $7.9 million in tax incentives, while JPMorgan is asking for $22.5 million over a decade. [more]

  • From left: 3 MetroTech Center and 4 MetroTech Center

    From left: 3 MetroTech Center and 4 MetroTech Center

    JPMorgan Chase is rumored to be planning the relocation of 2,000 employees to its Brooklyn MetroTech office by the end of 2014. [more]

  • jamie-dimon-jpm

    Jamie Dimon

    JPMorgan Chase agreed to pay $614 million in fines after confessing to wrongfully filing Federal Housing Administration and Department of Veterans Affairs mortgages, the bank announced today.

    The bank was in violation of the False Claims Act, in that it purposely originated and underwrote non-compliant loans that received insurance coverage. When internal reviews found more than 500 defective loans that were not supposed to be qualified to be submitted for insurance, the bank also did not notify the FHFA. [more]

  • From left: Gov. Andrew Cuomo, JPMorgan Chase and Attorney General Eric Schneiderman

    From left: Gov. Andrew Cuomo, JPMorgan Chase and Attorney General Eric Schneiderman

    New York Attorney General Eric Schneiderman’s move to dole out at his own discretion the Empire State’s portion of a $13 billion settlement with JPMorgan Chase has sparked criticism from the governor. [more]

  • pending-home-sales

    U.S. pending home sales in November ticked upward for the first time in half a year, according to National Association of Realtors data released today.

    Contracts to buy previously owned homes, also known as the Pending Home Sales Index, saw a 0.2 percent month-over-month boost to 101.7. Despite this good news, the year-over-year change was a 1.6 percent decline. Economist projects that signed contracts would go up 1 percent from October, which wasn’t far off. [more]

  • cyrus-vance

    Cyrus Vance

    The Manhattan District Attorney’s Office indicted a purchasing agent for Unity Electrical Company who allegedly funneled millions of dollars to electrical supply companies. More than 15 companies and 17 people, some who have pleaded guilty, have been charged in the alleged construction kickback operation.

    “As a result of kickback schemes like this one, New Yorkers are footing an inflated bill for public construction throughout the five boroughs,” District Attorney Cyrus Vance said in a statement. [more]

  • Fosun’s Guo Guangchang and One Chase Manhattan Plaza

    Guo Guangchang and One Chase Manhattan Plaza

    Fosun Group, the Shanghai-based company behind the $725 million acquisition of One Chase Manhattan Plaza is setting its sights on more prime New York real estate, including office, hotel and apartment properties.

    The deal for the 2.2 million-square-foot Lower Manhattan office tower with seller JPMorgan Chase closed Tuesday. [more]

  • Joseph Stettinius, Jr.

    Joseph Stettinius, Jr.

    Commercial real estate firm Cassidy Turley may soon be partnering up, merging with or selling outright to Newmark Grubb Knight Frank or the Blackstone Group.

    The firm reportedly hired JPMorgan as an advisor over the summer, aiming to drum up equity and accelerate expansion plans. The goal is to find a match before the end of 2013. JPMorgan asked NGKF, Blackstone and Andrew Farkas’ Island Capital to provide a valuation of Cassidy along with investment proposals, according to a news report. [more]

  • From left: JPMorgan CEO Jaime Dimon and Attorney General Eric Holder

    From left: JPMorgan CEO Jaime Dimon and Attorney General Eric Holder

    JPMorgan Chase has agreed to terms of a $13 billion settlement with federal and state regulators over the bank’s sale of toxic mortgage-backed securities. The agreement, which is expected to be announced today, includes compensatory payments of $7 billion, a fine of $2 billion, and $4 billion in aid to distressed homeowners. [more]

  • Kent Swig and 90 Broad Street

    Kent Swig and 90 Broad Street

    Developer Kent Swig has claimed that JPMorgan Chase, a lender at his Lower Manhattan office tower at 90 Broad Street, sold it out from under him for $126 million. They will face off in court tomorrow, where Swig aims to stop the deal from going ahead. [more]

  • dimon

    Jamie Dimon

    Days after the U.S. Department of Justice rejected a JPMorgan Chase offer in talks over a $13 billion settlement over the bank’s sale of mortgage-backed securities, negotiations are back on track.

    Negotiators from both sides will likely agree on final terms this week, people familiar with the situation said. Specifically, they are making progress regarding who is responsible for liabilities tied to Washington Mutual, the failed bank that JPMorgan acquired in the wake of the economic crisis. [more]

  • Fannie Mae has filed suit against nine banks, including Bank of America and JPMorgan Chase, for working to suppress the London interbank offered rate, commonly known as LIBOR. [more]

  • Jamie Dimon

    Jamie Dimon

    JPMorgan Chase’s $13 billion mortgage bond settlement, which includes a $5.1 billion deal with the Federal Housing Finance Agency, is in jeopardy.

    The bank proposed offsetting the settlement with a reimbursement from the Federal Deposit Insurance Corporation, which federal officials rejected. The thumbs down from the U.S. Department of Justice could derail the expansive settlement. [more]

  • JPMorgan CEO Jamie Dimon

    CEO Jamie Dimon

    JPMorgan Chase’s record $13 billion settlement over civil claims that it misleadingly sold mortgage-backed securities won’t deter most big-ticket investors, even though the settlement, reached Friday, doesn’t absolve the bank from potential criminal liability.

    Ken Langone, the billionaire founder of Home Depot, told Bloomberg News that the settlement marks a good opportunity to invest in the bank, led by CEO Jamie Dimon. The claims stem from JPMorgan’s acquisition of Bear Stearns and Washington Mutual, but the “brunt of the misbehavior occurred before Jamie or JPMorgan had anything to do with these two companies,” Langone said. [more]


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