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December 15, 2023

Related, CPC Nab 5% Stake In Signature’s $5.8B Rent-Stabilized Loan Portfolio

LCOR Weighs In On Executing New York City's First Multifamily Geothermal Project At 1515 Surf Avenue Feb. 22

Nonprofit Community Preservation Corp., along with one other nonprofit and Related Fund Management, has been selected to acquire a 5% equity stake in a loan portfolio covering tens of thousands of affordable housing units across New York City.

Related, CPC Nab 5% Stake In Signature’s $5.8B Rent-Stabilized Loan Portfolio

The Federal Deposit Insurance Corp. picked the CPC-led bid for the equity stake in a deal that closed Friday, with the winning bid coming in at $171M for the stake in the $5.8B loan portfolio.The CPC’s bid involves two partner organizations: fellow nonprofit Neighborhood Restore Housing…

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Blackstone-Led Venture Wins Stake In $17B Signature Bank Portfolio

Blackstone-Led Venture Wins Stake In $17B Signature Bank Portfolio  

The Federal Deposit Insurance Corp. has chosen a winning bid for the equity stake in Signature Bank’s loans, selecting the world's largest commercial real estate owner to take over the assets.

A joint venture led by Blackstone and the Canada Pension Plan Investment Board beat out other bidders with its $1.2B offer, the companies announced Thursday. Blackstone Real Estate Debt Strategies and Blackstone Real Estate Income Trust, a CPPIB investment subsidiary and funds affiliated with…

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PHOTOS: This Year's New York Women Leading Real Estate Event

PHOTOS: This Year's New York Women Leading Real Estate Event  

Several hundred of New York City's most influential women in commercial real estate gathered Tuesday to honor 46 women being recognized for their achievements in the industry at Bisnow's 2023 New York Women Leading Real Estate event.

The 46 honorees were chosen by a five-person steering committee, made up of BGO’s Abbe Franchot Borok, Citigroup’s Linda Foggie, RXR Realty’s Whitney Arcaro, Invesco Real Estate’s Lesley Lisser and Hunton Andrews Kurth’s Laurie Grasso. As many in New York City's CRE sector…

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CRE Poses Top Threat To U.S. Financial System Next Year, Regulators Say

CRE Poses Top Threat To U.S. Financial System Next Year, Regulators Say  

Commercial real estate will be a major risk to the overall health of the U.S. financial sector and the stability of the economy as a “substantial volume” of the existing $6T in CRE loans come due in the next few years, the Financial Stability Oversight Council said in its  annual…

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