Roughly a dozen people in Fannie Mae’s ethics unit were fired Thursday without explanation, marking the latest in a series of dismissals at the agency under Federal Housing Finance Agency Director Bill Pulte.
The staffers were part of a team that investigates complaints that come through a tip line, The Wall Street Journal reported. Those investigations include allegations of internal fraud or illegal use of funds.
BentallGreenOak handed back the keys to a Midtown East office tower through a deed-in-lieu of foreclosure. Lender New York Life Real Estate Investors took over the 500,000-square-foot Class A building at 757 Third Avenue, according to property records. The transfer ends BGO’s nearly decade-long ownership of the 1960s-era tower, which appears to have faced occupancy challenges amid a sluggish post-pandemic leasing environment. New York Life estimated the property was valued at about $150 million at the time of the transfer, PincusCo reported, citing industry sources. That’s less than half the Canadian investment firm paid in 2015, when it bought the […]
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Rivington Company is eyeing a new apartment building at its new Financial District development site. At its newly acquired 140 Fulton St, Rivington is planning 99 apartment units and 12,300 square feet of commercial space on the site, according to its website. The finished building is slated to span 136,800 square feet. Developments of just under 100 units have become more common as city tax incentives make smaller buildings more attractive. The city’s 485-x program offers a tax abatement for multifamily construction, but buildings with 100 or more units need to pay higher construction wages to take part in the […]
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The university faced fierce criticism after it fired the director of student media and said that news coverage could be published only online.
The cable channel has run endless reruns of the comedy clip show for several years, a move that was copied by other cable companies.
The office market might finally be on the upswing, but the recovery came too late for a publicly traded landlord that has struggled to keep up with mounting debts amid dwindling cash flow.
Plans for a wealth tax, which is dividing France, have gotten popular around the world as inequality has widened and government debt has risen.
A downtown office building is poised for a residential makeover. InterVest Capital Partners, which bought the 48-story tower at 30 Broad Street in the Financial District at a foreclosure auction in June, filed plans to convert the building into 571 rental apartments, Crain’s reported. InterVest picked up the building after putting up the only bid of $1,000 at the auction. Elliott Ingerman and Bill Brodsky’s Tribeca Associates originally bought the building for $130 million in 2016. The ownership group refinanced its original $96 million debt to $124.6 million in 2019. InterVest bought the loan in February 2024 and filed a […]
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Senators opposed the president’s plan to import beef from Argentina and voted three times this week to end his power to enforce sweeping tariffs.
Online harassers are generating images and sounds that simulate their victims in violent situations.