Bank Financial Services

Inside Ares and RXR’s New York office joint venture 

The Ares-RXR venture comes at a time when transaction activity in the city has started to tick upward and capital is starting to move.

Federal Reserve commentary seen as stage-setter for 2024

The meeting comes as transaction activity has started to tick up after a slow 2023.

Analysis: 10-year Treasury moves into focus ahead of Federal Reserve meeting

The Federal Reserve has not changed the target rate, which has stood at a level of 5.25-5.5 percent, since July.

Taconic Development Advisors tracks rising need for asset management

Taconic Development Advisors is also starting to see more opportunities to work with lenders and investors seeking advisory services early on when looking at troubled loans.

M&T Realty Capital shakes up senior leadership

Michael Berman will shift from chief executive to executive adviser, as M&T taps Michael Edelman as his successor.

Goldman Sachs sees ‘opportunities for further dispositions’ in 2024

The banking giant’s CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.

Blackstone’s defaulted 1740 Broadway loan sale hits the market

The $308m loan is expected to be sold for a 50% discount.

Potential rate reductions stoke optimism at CREFC

Non-bank lenders signal strong appetite to capture market share at the industry group’s annual conference in Miami.

UBS Asset Management appoints global head of real estate

Following its integration with Credit Suisse, the Swiss bank’s investment arm has promoted Jon Hollick to head of global ex DACH real estate.