Real Estate News

Mortgage Lending Falls25 Nov 2014 | 10:10 pm EST | copyright © 2014 Dow Jones & Company, Inc.

New figures released by the Federal Reserve Bank of New York show mortgage lending is running at its lowest level in 13 years, with 2014 on pace to be the weakest for new loans since 2000. continue reading

Fannie, Freddie Give Some Relief to Foreclosed Homeowners25 Nov 2014 | 7:44 pm EST | copyright © 2014 Dow Jones & Company, Inc.

Fannie Mae and Freddie Mac will allow homeowners now in foreclosure to buy back their properties at market value, a reversal of previous policy that had prohibited such transactions. continue reading

Recent Commercial Transactions25 Nov 2014 | 7:22 pm EST | Copyright 2014 The New York Times Company

Notable properties that have been recently listed for sale, sold or leased. continue reading

Investor Group Gets Behind Big San Francisco Development25 Nov 2014 | 6:10 pm EST | copyright © 2014 Dow Jones & Company, Inc.

A group of New York investors has bought the majority interest in San Francisco’s Parkmerced from private-equity firms Fortress Investment Group and Rockpoint Group in a deal that values the sprawling housing development at more than $1.35 billion. continue reading

City Council gives final OK to Astoria Cove project25 Nov 2014 | 6:03 pm EST |

Alma Realty’s massive Astoria Cove project in Queens has passed the muster of the New York City Council. The development team agreed to rely entirely on union labor for construction and to allot about 460 – or 27 percent — of the 1,723 apartments for affordable housing, the New York Observer reported. Alma also said it would renovate a nearby park and include a new public school and grocery store on the site. “Now we have ... [more] continue reading

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