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The Real Deal New York
Empire State Realty Trust now has access to a lot more capital
September 05, 2017 01:45PM
Maybe it’s time to buy some buildings again? Empire State Realty Trust landed a new $1.365 billion credit facility from a consortium of banks...
Americans slow to move into new homes
July 10, 2014 02:05PM
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...
Wall Street exec asks $12M for West Village penthouse
March 03, 2014 02:04PM
A duplex on the highest floor of a star-studded condominium in the West Village has been listed on StreetEasy for $12 million, one of...
Merrill Lynch’s bad mortgages were allegedly hidden from BofA shareholders before acquisition
June 04, 2012 03:00PM
Bank of America has been punished particularly hard over the last two years by losses and fines resulting from bad mortgages. But according to...
Citibank, Merrill Lynch renew 601 Lex leases
May 11, 2012 04:15PM
In an effort to consolidate seven Midtown locations, Citibank renewed its 500,000-square-foot lease at 601 Lexington Avenue, the New York Observer reported. Citibank was...
Brookfield buys BofA’s 4 World Financial Center stake, bank renews lease
October 17, 2011 08:24AM
Brookfield Office Properties CEO Ric Clark and 4 World Financial CenterBrookfield Office Properties has struck a deal with Bank of America to take its...
Paramount recaps at 1633 Broadway, ups stake to 75 percent
August 01, 2011 08:51AM
New York-based investment firm Paramount Group has recapitalized a 49 percent interest in its 2.5 million-square-foot office tower at 1633 Broadway, between 50th and...
Brookfield CEO sees record leasing demand for firm
June 08, 2011 02:15PM
Paramount Group buys stake in 1633 Broadway at $2B valuation
April 19, 2011 09:10AM
Paramount Group purchased the remaining 49 percent stake of the 2.4 million-square-foot, 48-story 1633 Broadway from Morgan Stanley and Merrill Lynch, sources told the...
Allstate sues banks over fraudulent sales of mortgage-backed securities
March 02, 2011 02:32PM
Home insurer Allstate has sued Bank of America’s Merrill Lynch unit over claims it fraudulently sold the insurer about $167 million of residential mortgage-backed...
Brookfield scores major lease at WFC
February 22, 2011 02:39PM
Oppenheimer Funds has signed a 15-year direct lease for 235,000 square feet at 2 World Financial Center, where it’s currently a subtenant, the Post...
Cuomo investigating eight banks over mortgage securities
May 13, 2010 12:03PM
If misery loves company, embattled investment bank Goldman Sachs should be feeling better with each passing day. Yesterday, it was revealed that U.S. prosecutors...
Construction financing returning to the market
April 20, 2010 12:51PM
It may be hard to believe, but lenders are now actually sending letters of intent to provide construction financing. Construction financing, perhaps the riskiest...
FiDi grapples with rising vacancies
March 30, 2010 10:06AM
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...
BofA surges ahead in real estate I-Banking
January 13, 2010 01:04PM
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...
Bank of America posts $1B third quarter loss, sells luxe Time Warner Center apartment
October 16, 2009 03:13PM
It appears that Bank of America is taking its substantial third-quarter losses to heart. Yesterday, before the bank revealed its quarterly earnings — a...
Here’s what the $20M-$30M NYC investment sales market looked like last week
LCRE Group lands $85M refi for FiDi hotel
A million StreetEasy accounts hacked
Industrious sells spare-office-space platform to CRE brokerage
BHS names Pablo Marvel as CMO
February 2019 issue
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