Things aren’t as bad as they look, say Feds
A faster-than-expected pace of recovery in the second quarter contributed to an improvement in expectations for full-year 2020 economic growth, according to the latest commentary
Category : Banking and Finance
Property tax relief a band-aid solution to bigger problem, says industry
New York landlords have welcomed the city’s first attempt at property tax relief as a step in the right direction. But they have said the
Shuttered businesses sue insurers over COVID claims
By Alan R. Lyons Six federal class action lawsuits were filed on Friday in a coordinated manner by four law firms in six states against
New Jersey investor pays $154M for Chicago highrise
New Jersey based Strategic Properties of North America (SPNA) has partnered with South Korean investor Mirae Asset Daewoo to acquire a luxury Chicago apartment building
Industry looks to IRS for relief on 1031s
Some of the nation’s most powerful real estate groups have written to Treasury Secretary Steven T. Mnuchin urging him to temporarily lift restrictions on 1031
BlackRock balancing America’s economy on its back
BlackRock, the world’s largest asset manager, has been put in charge of running a new credit facility set up to help large New York employers
Syndicator helps finance office acqusition
Feldman Equities and its joint venture partners, Tower Realty Partners and Equity Street announced the acquisition of Sarasota City Center, two Class A office buildings
Private markets looking to the future after decade of steady growth
McKinsey & Company published its Global Private Markets Review 2020, a comprehensive analysis of the dynamics and performance of the private investing industry. Entitled A
Tax saving transactions every broker should know about
By Jahn S. Brodwin & Scott Drago, FTI Consulting, Inc. High-value real estate deals bring high-dollar tax liability, driving commercial property owners to seek ways
NKF secures debt, equity for NC apartment deal
Newmark Knight Frank Multifamily (NKF) announced the financing of Hawthorne Six Forks, a 471-unit apartment community located in Raleigh, North Carolina. The buyer retained NKF