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Paramount To Take 2 Herald Square–Unless Alpha Equity Comes Up With $5M Soon - Commercial Observer
Alpha, which had no representative present at today's hearing in Manhattan Supreme Court, has until July 26 to provide the deposit to buy the leasehold on the building from Sitt Asset Management , according to attorney Stephen Meister. Meister.

Fortress to be acquired for $3.3B by Japanese telecom giant - The Real Deal Magazine
Fortress Investment Group — the $70 billion investment manager that's an active lender in New York real estate — is being acquired for $3.3 billion. Japanese telecom giant SoftBank ... SoftBank will operate Fortress alongside a soon-to-be formed $100.

The Real Deal New York
Some 2,000 tenants of Stuyvesant Town-Peter Cooper Village will be spared mid-lease rent hikes as part of an agreement between the owners of the 11,000-unit rental complex and New York Attorney ... announced today. CWCapital Asset Management, the special.

WHO'S NEWS: Commercial promotions and appointments - Real Estate Weekly
In his real estate practice, Figdor represents clients with regard to leasing of office space, restaurants, boutiques, art galleries, warehouses and other commercial properties in the New York metropolitan area, as well as across the country. In.

The 10 juiciest real estate lawsuits of 2016 - The Real Deal Magazine
In the blood sport of New York real estate, litigation is a way to bully, negotiate, and even embarrass — and 2016 didn't disappoint. Developers and brokers took to the courts to fight over commissions, poaching, data leaks and even to halt deals they.

People on the Move 8.22.17 - Apartment Finance Today
Jeffrey Spicer has been named vice president and project partner to lead Dominium's efforts in Texas. Spicer will be responsible for originating and overseeing new project development, financing, and acquisitions in the region. Spicer brings nearly 25.

UBS has officially ditched its massive trading floor - New York Post
Mortgage on UBS's Huge Trading Floor Sold at Loss (Correct) swissinfo.ch.

SL Green Nabs $250M Debt on Sitt Asset Management's Troubled 2 Herald Sq. [Updated] - Commercial Observer
SL Green buys $250M debt on Sitt Asset's 2 Herald Square The Real Deal Magazine.

CWCapital Asset Management Marketing $2.12 Billion UPB of Real Estate and Commercial Mortgage Loan Assets in the U.S.
24, 2015 (GLOBE NEWSWIRE) -- CWCapital Asset Management, in its capacity as special servicer, is marketing $2.12 billion of predominantly cash-flowing real estate and commercial mortgage loan assets spread ... markets such as New York City, Atlanta.

NJ investor scoops up Beachwood building - Crain's Cleveland Business
Maeder and New York -based agents Patrick Arangio and Jack Howard of CBRE's National Loan & Portfolio Sale Advisors unit represented the seller. The seller, identified by land records as 3690 Orange Place Holdings LLC, was formed in 2015 as loan special.

Blackstone closes on $620M purchase of Kips Bay Court - The Real Deal Magazine
UPDATED, 1:17 p.m., Dec. 13: In the largest New York City multifamily deal of the year so far, Blackstone Group closed Thursday on the $620 million purchase of Kips Bay Court, sources told The Real Deal. The investment firm entered contract in August.

Fannie Mae to Back $2.7B Wells Fargo Loan on Stuy Town [Updated]
While there is a current lawsuit against the special servicer and seller CWCapital Asset Management, Fannie Mae’s head of ... serve as a home for working and middle-class families in New York City for years to come.” Blackstone agreed to maintain.

3 Firms Guide $201M Riverton Apartment Complex Deal - Law360 (subscription)
Law360, Los Angeles (January 13, 2016, 7:10 PM EST) -- Stroock & Stroock & Lavan LLP and Haynes & Boone LLP represented the buyer of the Riverton apartment complex in New York from Venable-counseled CW Capital Asset Management LLC,&nbsp.

Fitch Affirms CWCapital Asset Management LLC's Commercial Special Servicer Rating
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed CWCapital Asset Management LLC's (CWCAM) commercial special servicer ratings at 'CSS2+'. The special servicer rating reflects the company's strong asset management capabilities for defaulted/non.