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You and Ben
The election upset nearly two weeks ago has fueled a deepening partisanship in the nation's capital. At least a subset of each party, hoping to seize upon independent-minded voters' renewed vigor and...
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New York Fed: ‘No One Is Happy About Owning a Mall’
As a side-effect of Bear Stearns' bailout, the New York Fed took over a gargantuan mortgage portfolio. Two years later, it's leaving some Fed officials with a rather unfamiliar dilemma: Working with...
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We’ve Got Your Package Right Here
As the year draws to a close, I usually dole out holiday wishes for those who are either directly or indirectly related to the commercial real estate industry in New York City. However, in a year in...
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Office Property Sales Double in Second Quarter: Eastern Consolidated
A strong second quarter for investment sales saw office property sales double from the first quarter, jumping from $2.6 billion to $5.2 billion, according to the latest report from Eastern...
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Lawyer’s View: Restructuring and Distress
Andrew Jagoda Katten Muchin Rosenman Partner and Co-Head of the New York Real Estate Practice Due to your client work, what sorts of trends are you seeing with distressed commercial real estate loans?...
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Life Companies Are Back and Strategically Competing Against Big Banks. Here’s...
It’s easy to see why life companies continue to plow money into commercial and multifamily real estate mortgages: They have provided strong returns, inflicted virtually no losses and match up perfectly...
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So They Say: Ben Bernanke Talks Refinancing Troubles, AIG and Other Hard Times
Ben Bernanke. Ben Shalom Bernanke, who ended his tenure as chairman of the Federal Reserve in February, recently told a conference moderator in Chicago that he is unable to refinance his home mortgage...
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Rising Interest Rates Signal Good News for Real Estate Markets
When was the last time interest rates were a topic of discussion regarding the U.S. economy? It was probably in 2007 or 2008 when the financial crisis was just emerging. But the recent rise in rates...
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Profs Wonder How to Grade Fed Nominee Powell as a Student of Monetary History
Ever since then-presidential candidate Donald Trump accused the Federal Reserve Bank and its chair, Janet Yellen, of bowing to political pressure to keep interest rates low in 2016, Wall Street...
View ArticleExperts See Hope for Soft Landing in Weaker Jobs Report
At first blush, the February employment report—which showed a sharp drop in new hiring when it was released last Friday—looked like a nasty shock. The report showed payrolls stagnating abruptly last...
View ArticleIndustry Economists Praise Volcker Following His Death
Paul Volcker, the former Federal Reserve chairman who died on Sunday, won few friends in the real estate industry early in his tenure at the central bank. Taking office in 1979 and faced with the worst...
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