SL Green Realty has landed a $ 150 million loan for 2 Herald Square, which the firm acquired the leasehold of through a foreclosure auction. MUFG Union Bank, which previously provided a $ 25 million gap mortgage on the 369,000-square-foot property, provided the real estate investment trust with the new financing.
A decade ago, you'd see foreclosure signs across most Southwest Florida, which became the sign of a troubled economy and housing market. And now, despite a building boom across our area and a robust jobs market, we're once again starting to see the number of foreclosures climb. Foreclosure News
Local officials were optimistic Thursday the new owner of the Fort Steuben Mall will breathe new life into the facility that opened for business in 1974. The U.S. Bank, as a trustee for the lenders who held the mortgage note for the mall, was the only bidder at the foreclosure auction Thursday afternoon in U.S….
The 30-year partnership behind one of the city's top investment-sales firms is devolving into a nasty court battle . Besen & Associates founder Michael Besen is accusing his business partner Amit Doshi of setting up a secret “Doshi Account” he allegedly used to siphon off nearly $ 1.5 million in company money for personal investments,…
This week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee both hold hearings on topics that involve the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd-Frank, as the act is commonly known, was passed in direct response to clear and unmistakable lessons learned during the 2007-2008 financial…
Businessman Jeffrey Yohai, left, and actor Jacob Hoffman, center, at nightspot Baby's All Right in Brooklyn, N.Y., on Jan. 20, 2015. Hoffman and his father, “The Graduate” star Dustin Hoffman, invested in a real estate project with Yohai. Foreclosure News
According to Zacks, “Great Ajax Corp. is a real estate investment trust which acquires, invests and manages a portfolio of mortgage loans secured by single- family residences and single-family properties. The company invest in loans secured by multi-family residential and commercial mixed use retail/residential properties. Foreclosure News
