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Treasury to invest $9B in minority and community-based lenders
To boost lending in low-income areas, the Biden administration will provide a $9 billion infusion to underserved financial institutions....
federal reserve bank of new york
The Latest
Fed’s rate indecision persists as meeting looms
Federal Reserve watchers and real estate investors have spent years waiting for the central bank to raise interest rates from...
UBS markets $1.5B of junk CMBS despite demands for higher returns
As demand for distressed U.S. commercial assets crescendos, UBS is shopping a pool of failing commercial mortgages with a...
Speculative buyers facilitated real estate crash: Fed researchers
Real estate speculation was an overlooked but apparently significant factor in the U.S. real estate bust, according to a...
Invesco puts 33 Maiden Lane on the market
Atlanta-based investment fund Invesco has put the office tower at 33 Maiden Lane on the sales market, Crain’s reported, but thanks to a unique tenant the building’s sales price will likely be compromised. Three-fourths...
Bank of America reaches $8.5 billion settlement over bad mortgages
Bank of America agreed to pay $8.5 billion to investors nationwide to settle claims that it sold bad mortgages,...
$150M rehab completed at New York Fed
33 Liberty Street After $150 million and more than a decade, the Federal Reserve Bank of New York’s building at 33 Liberty Street is finally ready for the 21st century, according to the Wall...
$150M rehab completed at New York Fed
33 Liberty Street After $150 million and more than a decade, the Federal Reserve Bank of New York’s building at 33 Liberty Street is finally ready for the 21st century, according to the Wall...
Tishman defaults in $1.7B Chicago deal
Tishman’s Chicago purchase included the Civic Opera Building A Tishman Speyer venture is in default on a mezzanine loan that was part of a $1.7 billion purchase of six Chicago office buildings comprising 5.7...
Foreclosure program seeks volunteer attorneys to help homeowners
The Federal Reserve Bank of New York and the City Bar Justice Center are working to recruit more attorneys...