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Broadway Federal Bank CEO Wayne-Kent Bradshaw and City First Bank CEO Brian Argrett (Photos via Getty, City First Bank)
National

Black-led banks combine, focused on multifamily housing

Two banks have merged to form the country’s largest Black-led lender. The combination of Broadway Federal Bank in Los...

Black-led banks combine, focused on multifamily housing
200 East 59th Street and United Overseas Bank CEO Wee Ee Cheong (Google Maps, UOB)

Condo project beats the odds, lands $204M loan

A Midtown building that has found buyers for only seven of 68 units since sales launched in 2017 has...

Condo project beats the odds, lands $204M loan
An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)
National

Mystery investor dumps big stake in real estate fund

As stocks tumbled last week, an unknown institution sold more than 10.5 million shares of an exchanged-traded fund that...

Mystery investor dumps big stake in real estate fund
Cantor Fitzgerald CEO Howard Lutnick (Credit: Lutnick by Rob Kim/Getty Images)
National

Cantor Fitzgerald to lay off hundreds of staff

Cantor Fitzgerald is reportedly planning to make hundreds of job cuts, a move that would mark the largest reductions...

Cantor Fitzgerald to lay off hundreds of staff
A look at some of the new methods to value and appraise homes in New York during the state of emergency brought about by coronavirus (Illustration by The Real Deal; Credit: Rechanfle via Flickr)
National

How to value a property in the time of Covid-19

These days, Quinn Rawh drives from property to property wearing a mask and gloves and makes sure to have...

How to value a property in the time of Covid-19
Miller Samuel's Jonathan Miller and Department of the Treasury and Steve Mnuchin (Credit: Wikipedia; Getty Images)
National

Banks get 120-day deferrals on appraisals

In an extraordinary move meant to keep real estate lending flowing, regulators are permitting banks to move ahead with closing loans without having an appraisal completed in advance. Federal banking agencies released an interim...

Banks get 120-day deferrals on appraisals

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