In Monday’s commercial real estate news – we’ll look at how banks are far more exposed to risky real estate loans, how investors are competing with deep-pocketed foreign and institutional players, and much more.
Last February, Slate Property Group and GreenOak Real Estate landed a $285 million loan from the Blackstone Group to finance the acquisition and condominium conversion of RiverTower, the enormous Midtown East rental building.
The change would double the length of time an asset would have to be held to qualify for the lower rate.
The $20 billion startup is making its move into children’s education, launching a private elementary school for “conscious entrepreneurship.
Economists who wanted to see continuity in monetary policy are more likely to feel Powell was the best choice for the role
Read up on National Real Estate Investor’s 10 must reads for the CRE Industry today!
Federal Reserve Bank of New York President William Dudley will retire six months earlier than expected, reports MarketWatch.
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