NEW YORK CITY-A new report shows that commercial real estate loans comprised $797 million--or 77%--of the total $1.03 billion in nonperforming loans at the failed banks.
ALBANY-Governor Andrew M. Cuomo has signed a new bill into law expanding investment in energy facilities across the state, but impacts on local zoning and the fate of the Indian Point Power Plant are to be determined.
NEW YORK CITY-A joint venture led by Hudson won the Federal Deposit Insurance Corp.’s Small Investor Program, picking up 97 acquisition, development and construction loans.
NEW YORK CITY-The joint venture has acquired four distressed properties in Washington Heights from Vantage Properties LLC for a total of $31.1 million.
NEW YORK CITY-The deadline to secure the construction of a 1.3-million-square-foot class A office tower above the Port Authority Bus Terminal at 42nd St. and 8th Ave. is coming up on Sunday, August 7.
NEW YORK CITY-Life science REIT Alexandria Real Estate Equities, Inc. has created a 15,000-square-foot farm on a former stalled construction site at East 29th Street along the waterfront in Kips Bay.
NEW YORK CITY-The joint venture has invested $108 million each in two Archstone communities, including its 426-unit North Point building in Cambridge, MA and the 392-unit Woodland Park complex in Herndon, VA, GlobeSt.com has learned.
NEW YORK CITY-RKF’s chairman and CEO tells GlobeSt.com that the spaces left behind by Borders won’t last long, adding that the South Street Seaport will make a splash once again and Hudson Yards will be Manhattan’s next best shopping destination.
NEW YORK CITY-Net gains resulted from $8.3 million in Lexington Realty Trust’s stock issuances and $6 million in LNR’s asset sales and tax settlement gains, according to an earnings report.
