Valley Sells $925M In Loans As Banks Shed CRE Loans
Lenders, especially banks under pressure from regulators, are now taking big steps to distance themselves from commercial real estate. Those strategies include selling even performing loan portfolios at a discount, as well as starting foreclosures to draw buyers.
What Real Estate Pros Learned About Office Sector In 2024
While the long-term story of the office sector post-pandemic is still yet to be told, 2024 offered some clues as to what may be in store for that asset class going forward.
Real Estate Lawyers On The Move
Nixon Peabody, Dorsey & Whitney and Baker McKenzie are among the law firms that have made recent real estate or construction hires.
Valley Sells $925M In Loans As Banks Shed CRE Loans
Lenders, especially banks under pressure from regulators, are now taking big steps to distance themselves from commercial real estate. Those strategies include selling even performing loan portfolios at a discount, as well as starting foreclosures to draw buyers.
What Real Estate Pros Learned About Office Sector In 2024
While the long-term story of the office sector post-pandemic is still yet to be told, 2024 offered some clues as to what may be in store for that asset class going forward.
Real Estate Lawyers On The Move
Nixon Peabody, Dorsey & Whitney and Baker McKenzie are among the law firms that have made recent real estate or construction hires.
Expert Analysis
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Commercial More
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Macy's Retail Holdings has resolved litigation against it by a bank and a parking lot operator over $2.7 million in repairs and maintenance fees needed at a nearby parking garage, according to a Thursday court filing.
A lender has moved to foreclose on a $670 million Manhattan office loan, more than a year after borrower RXR Realty defaulted on the loan following a major tenant's decision not to renew a lease at the propert... (more story)
The U.S. General Services Administration has announced plans to offload eight federally owned properties, a move that could potentially save the federal government $475 million over 10 years.
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Residential More
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A Washington federal court has refused to dismiss an antitrust case accusing multifamily building owners of conspiring to use Yardi's revenue management software to inflate rental prices and found the claims s... (more story)
Real estate fintech company Splitero announced Thursday that it inked a deal with asset management firm Blue Owl Capital, which will use its managed funds to buy up to $350 million worth of home equity investments.
A Michigan federal judge gave the city of Detroit another chance Thursday to prove the U.S. Census Bureau undercounted the city's population and negatively impacted its federal funding, telling the city it wou... (more story)