Bank Analyst: Dodd-Frank killed low-income lending

Congress enacted the Dodd-Frank Act three years ago to remedy lending excesses that took root prior to the financial crisis, but the real outcome of this intervention is a modern mortgage market where big banks can no longer lend to lower- and lower-middle class borrowers, banking analyst Dick Bove with Rafferty Capital Markets said Monday.

http://www.housingwire.com/articles/27150-bank-analyst-dodd-frank-killed-low-income-lending

Related inks deal for new Hudson Yards lot

The most active developer in the Hudson Yards district, the Related Companies, is in contract to buy another commercial site in the neighborhood with more than 230,000 square feet of development rights, city records show. Related’s CEO Jeff Blau signed a contract to buy the parcel at 517 West 35th Street from a private company called HLM Realty, based in Pelham, N.Y., a memorandum of the contract dated Aug. 29 and filed last week with… [more]

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Real estate takes center stage for theater companies

Theater companies across the U.S. are often responsible for finding a crash pad for directors and actors from out of town. In New York City, that community is often plunged into the pricey, dog-eat-dog real estate game. Company and general managers keep tabs on furnished apartments found through brokers who specialize in short-term leases, as well as corporate housing and rental complexes with flexible landlords. Expenses on housing range widely, depending on the production. Housing… [more]

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Conde Nast party at the Marquand

Ziel Feldman, HFZ Capital Group’s Founder & Managing Principal, hosted cocktails and dinner at the Marquand, the landmark building he is converting into condominiums at 11 East 68th Street. Pilar Guzman, the new editor-in-chief of Conde Nast Traveler, was present to celebrate the so-called Visionaries featured in the September issue for their activist work. Among the guests were actress Freida Pinto and actor Ian Somerhalder, two of the magazine’s Visionaries.

http://feedproxy.google.com/~r/RealEstateWeekly/~3/NPYbJJbMmHI/

West Village townhouse owners scrap RFP, list for $15M

The owners of a prewar West Village townhouse, having failed to sell the multi-family property through a request for proposal process last year, have relisted the 7,000-square-foot building in a more conventional fashion, asking $14.65 million. The four-story, nine-unit townhouse at 70 Bank Street was built in 1837 and is 25 feet wide, StreetEasy shows. James Nelson and Mitchell Levine of Massey Knakal Realty Services have the listing. Neither was immediately available for comment. The… [more]

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Capital One makes it official at 299 Park Avenue, take a peek inside plans for $130M River House home … and more

river-house

River House at 2 River Terrace in Battery Park City

Capital One makes it official with 250,000-square-foot lease at Fisher Brothers’ 299 Park Avenue. New York Methodist Hospital expansion in Park Slope gets rendering. Brodsky Organization’s condos at 135 East 79th Street nearly sold out. Read these stories and more after the jump.

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