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March 6, 2024

New York Community Bancorp Lands $1B In Equity, Names New CEO

Noble Investment Group, MCR Hotels And More Discuss Investment And Acquisition Activity April 18

New York Community Bancorp has reached a deal to raise more than $1B in equity and has named former Comptroller of the Currency Joseph Otting as its new CEO.

New York Community Bancorp Lands $1B In Equity, Names New CEO

Shares in NYCB plummeted more than 40% on Wednesday before trading was halted following reports that it was seeking a cash infusion. That infusion will come from a group of investment firms, led by Liberty Strategic Capital, which was founded by former Treasury Secretary Steven Mnuchin.Liberty would provide $400M of equity in the $1.05B…

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City Planning Commission Says Yes To Adams' Commercial Zoning Reform

City Planning Commission Says Yes To Adams' Commercial Zoning Reform

The City Planning Commission greenlighted the City of Yes for Economic Opportunity zoning proposal Wednesday, clearing the penultimate hurdle for 18 commercial zoning reforms proposed by Mayor Eric Adams' administration.The initiative now goes to the New York City Council for final approval. The proposal, which would expand the…

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SEC Drops Scope 3 Requirement In Emissions Disclosure Rule

SEC Drops Scope 3 Requirement In Emissions Disclosure Rule

The Securities and Exchange Commission voted 3-2 Wednesday morning to approve rules that would initially require large corporations to report part of their carbon emissions, but not Scope 3 emissions.The new rules apply to major landlords, among other operators in commercial real estate, and come after a comment period lasting about…

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In Case You Missed It...

This Week's N.Y. Deal Sheet This Week's N.Y. Deal Sheet
Lightstone Lines Up $500M Rescue Capital Fund For Troubled Loans, Stalled Projects Lightstone Lines Up $500M Rescue Capital Fund For Troubled Loans, Stalled Projects
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Chrysler Building Signs First Tenant As Part Of Its Luxury Retail Repositioning Chrysler Building Signs First Tenant As Part Of Its Luxury Retail Repositioning
NYC Hotel Performance Hit An All-Time High In 2023. Investors Are Paying Attention NYC Hotel Performance Hit An All-Time High In 2023. Investors Are Paying Attention
 
 
 
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