Finance & Mortgage

'Financial Giant Blackstone Group Spends $10B on New York Real Estate

Financial giant Blackstone Group went on a massive shopping spree in 2015, spending a whopping $9.6 billion on New York real estate. The total made the private equity corporation the city's most aggressive property investor last year.

'New York Real Estate: Manhattan Hotel Industry Suffers First Decline in 5 Years

The Manhattan hotel industry suffers first decline in 5 years. The said dip was caused by robust hotel development and investment in Manhattan; with more than 3,400 rooms added in the market last 2015 and a record hotel purchase of the $1.95 billion worth Waldorf Astoria by Anbang Insurance Group.

'US Mortgage: Increase in Commercial and Multifamily Loans Seen By Lenders in 2016

With strong demand from borrowers and with eager lenders willing to cater to such needs, the Mortgage Bankers Association recently reported that 2016 will be a big one for commercial and multifamily loans.
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