A historic hotel in Midtown Manhattan that closed during the start of the Covid-19 pandemic has been reopened as the new arrival center for illegal immigrants being bused into the city. New York City Mayor Eric Adams announced the Roosevelt Hotel will serve as a...
The Mortgage Bankers Association (MBA) has revised its forecast for the commercial and multifamily mortgage borrowing and lending environment and is now predicting this sector will fall to $654 billion this year, down 20% from the $816 billion generated in 2022. If...
The French hospitality group Accor (OTC:ACCYY) has partnered with Saudi Arabia’s Erth Real Estate Co. on an endeavor to open three new luxury hotels in the Saudi capital of Riyadh. The hotels are part of new master planned development project and will include a...
A federal regulator did a rare about face, a municipal legislator raised a controversy over property protection by gun-carrying guards and a member of our team received a well-deserved honor for his illustrious career. Looking into the wild and wooly world of real...
The first quarter of this year was, to be charitable, something of a mess for commercial and multifamily mortgage loan originations – according to new data from the Mortgage Bankers Association (MBA), originations were down by 42% from the previous quarter and down...
When it comes to luxury shopping in Manhattan, the ultra-rich are bypassing Tiffany’s and Bloomingdale’s and buying up office properties. According to a Bloomberg report analyzing data from Savills, seven of the 11 New York office property acquisitions completed in...
Mortgage Rates Take a Mild Tumble
