Today: November 08, 2024
Today: November 08, 2024

Commercial Real Estate

Business|Economy|Finance|US

Commercial real estate industry worries over higher taxes as election looms

The U.S. commercial real estate industry is pushing for tax relief and incentives championed by former Republican President Donald Trump to continue in the next

Commercial real estate industry worries over higher taxes as election looms
Business|Finance

NYCB delays profit goal to 2026 after fourth straight quarter of loss

New York Community Bancorp delayed its profitability goal by a year after posting its fourth straight quarterly loss, in a sign of stress from its exposure

NYCB delays profit goal to 2026 after fourth straight quarter of loss
US

NY Fed says banks obscuring commercial real estate risks by extending loan terms

By Michael S.

NY Fed says banks obscuring commercial real estate risks by extending loan terms
Business|Finance|US

JPMorgan names insider Michelle Herrick as head of commercial real estate

U.S. banking giant JPMorgan Chase on Wednesday named insider Michelle Herrick as its head of commercial real estate business, effective January, succeeding Al Brooks.

JPMorgan names insider Michelle Herrick as head of commercial real estate
Business|Economy|Finance|US

US office real estate market shows signs of bottoming after big discount sales

The beleaguered U.S. office property market may be bottoming out, analysts told Reuters, pointing to a string of sales of stressed properties at big

US office real estate market shows signs of bottoming after big discount sales
Business|Economy|Finance|US

US bank profits jump but watchdog warns of stress

The U.S. banking industry recorded higher profits in the second quarter of 2024, but the Federal Deposit Insurance Corporation on Thursday identified several

US bank profits jump but watchdog warns of stress
Business|Economy|Finance

Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont

Wells Fargo on Tuesday agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, a move that will make the firm the largest servicer of commercial real

Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont
Business|Finance|Stock Markets

UBS to liquidate $2 billion real estate fund as office downturn bites

UBS is to liquidate a $2 billion real estate fund it acquired when it bought Credit Suisse, the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled

UBS to liquidate $2 billion real estate fund as office downturn bites
Business|Economy|Europe|Finance

Some euro zone banks too optimistic in valuing commercial property, ECB finds

Some of the euro zone's top banks may be inflating the value of commercial real estate, potentially masking a deterioration of loans to a sector struggling with a sharp downturn,

Some euro zone banks too optimistic in valuing commercial property, ECB finds
Business|Economy|Finance

Deutsche Bank says commercial real estate remains under pressure

Deutsche Bank on Wednesday tempered exepectations for a recovery in the commercial real estate market and said it forecasts further pressure in the

Deutsche Bank says commercial real estate remains under pressure
Business|Economy|Finance|US

US regional banks build stronger safety nets as CRE pain lingers

U.S. banks have boosted their provisions for credit losses as deteriorating commercial real estate (CRE) loans and high interest rates fuel

US regional banks build stronger safety nets as CRE pain lingers
Business|Economy|Finance|US

US office delinquencies ticked higher in June, ratings agencies say

The delinquency rate among U.S. office loans rose in

US office delinquencies ticked higher in June, ratings agencies say
Business|Finance|News|Stock Markets|US

NYCB falls as profitability comes into focus after $5 billion loan sale

New York Community Bancorp's shares reversed course to trade down 4% as a deal to sell $5 billion of mortgage warehouse loans failed to assuage investors

NYCB falls as profitability comes into focus after $5 billion loan sale
Business|Economy|Finance

UBS flags commercial real estate downturn as a top risk

UBS flagged on Thursday the downturn in commercial real estate markets as one of the "top and emerging risks" facing the Swiss bank, as higher borrowing costs and a

UBS flags commercial real estate downturn as a top risk
Business|Economy|Europe|Finance|US

US banks far more exposed than Europeans to property crunch, says Morgan Stanley

Major European banks have been cutting their lending to commercial property and have half the exposure of their U.S. peers, making U.S. lenders more vulnerable as

US banks far more exposed than Europeans to property crunch, says Morgan Stanley
Business|Finance|Stock Markets|US

New York Community Bancorp faces mounting woes

New York Community Bancorp came under renewed pressure last week after it said it had identified "material weaknesses" in internal controls tied to its review of loans, prompting a second

New York Community Bancorp faces mounting woes
Business|Economy|Finance|Stock Markets|US

Hammered NYCB shares rise on confidence-boosting steps by top executives

New York Community Bancorp shares rose before the bell on Tuesday on turnaround hopes after top executives took steps to boost confidence in the lender grappling with a pile of loans tied

Hammered NYCB shares rise on confidence-boosting steps by top executives
Business|Finance|Stock Markets|US

Simon Property tops expectations for quarterly FFO

Simon Property Group topped market expectations for fourth-quarter funds from operations (FFO) on Monday, as the commercial real estate investment trust (REIT) benefited from strong

Simon Property tops expectations for quarterly FFO
Business|Economy|Finance|US

M&T Bank's profit plunges on FDIC fee-related expense, costly deposits

M&T Bank's fourth-quarter profit plummeted 37% on Thursday, due to higher deposit costs and a special assessment fee the lender has to pay to refill a government deposit insurance fund The

M&T Bank's profit plunges on FDIC fee-related expense, costly deposits
Business|Finance|US

More US commercial property owners to tap securities market in 2024 -Moody's

More U.S. commercial property owners are expected to turn to commercial mortgage-backed security (CMBS) lenders next year instead of banks, according to a new

More US commercial property owners to tap securities market in 2024 -Moody's
Business|Economy|Finance|US

Banks report continued pain on commercial real estate loans

A number of U.S. banks saw continued pain in the third quarter on delinquent commercial real estate (CRE) loans in their portfolios, as stress in the sector persists.

Banks report continued pain on commercial real estate loans
Business|Economy|Finance|Stock Markets|US

New York Community Bancorp stock sinks further after report it's trying to raise cash

New York Community Bancorp’s stock is plunging even more

New York Community Bancorp stock sinks further after report it's trying to raise cash

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