Midtown Hyatt sets August opening date, Savanna secures $47M financing at Five Hanover Square… and more

New York /
Mar.March 08, 2011 04:43 PM

1. New Midtown hotel Hyatt 48Lex set to open this August with rates around $379 per night [Hotel Chatter]

2. IRS could nab property sold by director Martin Scorsese, following $2.85 million tax lien kerfuffle [Post]

3. New York-based real estate investment trust Realty Income makes $544 million buy, with investments in 33 properties across 17 states [Bloomberg]

4. Popular Lower Manhattan restaurateur Peter Poulakakos a candidate for eatery space on Battery Park’s Pier A [NYT]

5. After recession-driven cool down, experts say commercial real estate collateralized debt obligations ready to make a comeback [Reuters]

6. New York and New Jersey port owners report gradual uptick in buisness [NYT]

7. Commercial mortgages fared better than other loan types last year, according to Mortgage Bankers Association [Retail Traffic Mag]

8. Bank of America selling commercial real estate assets in effort to curtail acquisition-related losses [Businessweek]

9. Property owner Savanna secures $47M refinancing on former Swig building Five Hanover Square, nabs financial software tenant [NYO]

10. City Council bill aims to deter banks from predatory lending and spur mortgage restructuring activity [Crain’s]

11. Breaking apart the complex world of hotel commercial mortgage-backed securities [Lodging Hospitality]

12. City agencies looking to rehabilitate blighted Clinton Hill townhouses, according to fiscal report [Brownstoner]

13. Proposed changes to Federal Housing Administration residential loan backing could make popular FHA loans more expensive for borrowers [Marketwatch]

14. Dumbo’s 37 Bridge Street residential conversion nears completion [Brownstoner]


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