Empire State Realty Trust now has access to a lot more capital
Maybe it’s time to buy some buildings again? Empire State Realty Trust landed a new $1.365 billion credit facility...
merrill lynch
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Americans slow to move into new homes
The household mobility rate, or the percent of the population that moves into a new home in a year, has been in a long-term decline. This trend has been unfavorable for the housing market, which in...
Wall Street exec asks $12M for West Village penthouse
A duplex on the highest floor of a star-studded condominium in the West Village has been listed on StreetEasy...
Merrill Lynch’s bad mortgages were allegedly hidden from BofA shareholders before acquisition
Bank of America has been punished particularly hard over the last two years by losses and fines resulting from bad mortgages. But according to...
Brookfield buys BofA’s 4 World Financial Center stake, bank renews lease
Brookfield Office Properties CEO Ric Clark and 4 World Financial CenterBrookfield Office Properties has struck a deal with Bank...
Paramount recaps at 1633 Broadway, ups stake to 75 percent
New York-based investment firm Paramount Group has recapitalized a 49 percent interest in its 2.5 million-square-foot office tower at...
Allstate sues banks over fraudulent sales of mortgage-backed securities
Home insurer Allstate has sued Bank of America’s Merrill Lynch unit over claims it fraudulently sold the insurer about...
Construction financing returning to the market
It may be hard to believe, but lenders are now actually sending letters of intent to provide construction financing....
FiDi grapples with rising vacancies
Lower Manhattan, the country’s best-performing office market, is struggling to hang on to its title as vacancies mount. Though the Financial District fared relatively well during the commercial property slide, demand is no longer...
BofA surges ahead in real estate I-Banking
Last year’s Bank of America merger with Merrill Lynch may have resulted in a tangle of litigation, but it also produced a flood of real estate investment banking profits that may have made it...