NYC Real Estate News

Thu, 04/22/2021 - 15:00

About a decade ago, the Israeli bond market emerged as an attractive source of capital for U.S. real estate companies at a time when traditional sources of financing proved somewhat scarce. For U.S. firms, a corporate bond issuance in Israel provided the ability to raise debt without saddling a building with a mortgage, and at favorable interest rates compared to those available closer to home. For Israeli institutions with limited domestic investment opportunities, the bonds

The post From slam dunk to junk: US developers face Israeli bond market reckoning appeared first on The Real Deal New York.

Thu, 04/22/2021 - 15:00
Thanks in part to New York City’s face-covering mandate, millions of single-use masks get worn each day before being discarded. The masks become litter on the street, clog storm drains, entangle...

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Thu, 04/22/2021 - 14:22
The Global Association of Risk Professionals, or GARP, is a club many people want to join. The group, based in Jersey City, said a record 81,000 people worldwide took its test in 2019 to become a...

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Thu, 04/22/2021 - 14:22
The Global Association of Risk Professionals, or GARP, is a club many people want to join. The Jersey City-based group said a record 81,000 people worldwide took its test in 2019 to become a...

To view the full story, click the title link.
Thu, 04/22/2021 - 14:00

Signature Bank saw record earnings and deposit growth last quarter, but also some red flags. Loan modifications related to Covid-19 rose to 7.1 percent of its loan book, up from 6.6 percent in the fourth quarter, Crain’s New York reported. It’s a sign that the property lender’s borrowers are struggling as the pandemic continues. Signature held $3 billion of troublesome loans rated “special mention” or “substandard,” compared to $1 billion as of Sept. 30, the

The post Signs of success, trouble for property lender Signature Bank appeared first on The Real Deal New York.

Thu, 04/22/2021 - 13:48
Brooklyn Councilman Chaim Deutsch pleaded guilty Thursday morning to lying to the IRS about the income he made from his real estate firm, Chasa Managment, according to court records. Between 2013...

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Thu, 04/22/2021 - 13:37
The great work-from-home experiment occasioned by the pandemic has divided opinion in the corporate suite and sparked endless debates about whether employees work as effectively from the kitchen...

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Thu, 04/22/2021 - 13:34

Blackstone Group’s president and COO Jon Gray thinks higher inflation is on the way, and he thinks risky real estate investments could be the anecdote for investors. “What we’re trying to do is position ourselves for things that look and feel [the] least bond-like as much as possible,” Gray said Thursday during the investment giant’s first-quarter earnings call. Gray said safe but low-yielding investments, such as fully leased office properties, are less attractive in an

The post There’s “lots of runway in real estate”: Blackstone’s Jon Gray appeared first on The Real Deal New York.

Thu, 04/22/2021 - 13:25
The Mercer County town has long attracted affluent professionals who take on long commutes in return for the charming setting and top-rated schools.
Thu, 04/22/2021 - 13:20
Vornado Realty Trust's latest lawsuit accusing a tenant of being behind on rent comes against one of its fellow real estate giants. The real estate investment trust has sued Hongkun USA, the U.S....

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