U.S. Department of the Treasury

  • Celebrating 30: The Fall of Paired-Share REITs

    We're celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate's history. This week: The end of paired-share REITs. Stay tuned for our weekly posts and follow along with us using the hashtag #CPETurns30.

    National 24 August 2017 20:18
  • U.S. Government Bids Adieu to Old Baltimore Property

    After months of bidding wars, an old federal building is now under new ownership. The U.S. Appraisers' Stores property in downtown Baltimore sold last week for...

    Baltimore 14 July 2015 17:07
  • Citi Pays Fine for Subprime Misdeeds; Oil, Gas Prices Edge Down

    Citigroup will pay $7 billion to settle charges levied by the U.S. Department of Justice for securitizing and selling vast numbers of bum mortgages to investors in 2006 and ’07. The price of oil and gas continues to slide.

    National 15 July 2014 12:53
  • SL Green Acquires Interest in Manhattan’s Embattled 650 Fifth Ave.

    A joint venture between SL Green Realty and Jeff Sutton has acquired a 49-year leasehold interest covering the retail portion of 650 Fifth Ave., an office tower with decades-long ties to the Iranian government and now in legal limbo as a result.

    New York 12 November 2013 15:13
  • Distressed Communities to Get $100M Lift from Bank of America, Enterprise, LISC

    The U.S. Department of the Treasury has completed the inaugural round of its Community Development Financial Institutions Bond Guarantee Program, and a partnership involving Enterprise Community Loan Fund Inc. and the Local Initiatives Support Corp. is among the chosen ones. The Treasury approved term sheets for $100 million in bonds to the team to be utilized to back affordable housing and other commercial development projects in low-income communities.

    National 18 October 2013 14:39
  • Close but No Cigar; Housing Affordability Drops

    Still no resolution was achieved at the White House regarding the debt ceiling. And housing affordability reached a four-year low in August because of increasing home prices this year and upticks in interest rates.

    National 15 October 2013 14:05
  • Covenant-Lite Loans in a Heavily Regulated Environment

    By Marcelo Bermúdez, President, Figueroa Capital Group, subsidiary of Charles Dunn Co.: Rarely is there a day that goes by where a client doesn't ask me if whatever we are trying to accomplish can be non-recourse or if certain covenants can be stripped during the negotiation process.

    National 18 September 2013 18:59

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