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Joe Fallon Vows to ‘Aggressively’ Rebuild Capital Markets Team as New Cushman Chief in Boston
Boston Business Journal, Oct. 9, 2015--Carlock, Catherine Joe Fallon, formerly of DTZ, Cassidy Turley and FHO Partners, has been tapped by Cushman & Wakefield to lead its New England region. Fallon said rebuilding the capital markets team will be a priority.
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GE to Sell Commercial Lending, Leasing Businesses to Wells Fargo
Wall Street Journal, Oct. 13, 2015--Mann, Ted; Glazer, Emily General Electric Co. agreed to sell a major chunk of its U.S. commercial lending business to Wells Fargo & Co., a milestone in the company's rapid exit from financial services that could allow it to shed a tough regulatory regime.
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CMBS Delinquencies Fell from August to September: Fitch
Mortgage Servicing News, Oct. 13, 2015--Peters, Andy The commercial mortgage-backed securities delinquency rate fell from August to September, according to Fitch Ratings.
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Need to Store That? Booming Self-Storage Industry Says No Problem
Wall Street Journal, Oct. 13, 2015--Pleven, LiamBusiness is booming for companies that lease out storage units to consumers. Rents are rising, most units are occupied and competition is tame due to limited new construction in the wake of the financial crisis.
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How Banks Help Rich Clients Invest in Vegas Hotel, NYC Tower
Bloomberg, Oct. 13, 2015--Gopal, Prashant; Collins, Margaret What does Manhattan's tallest residential tower have in common with the Hooters hotel-casino in Las Vegas? They're investments for rich families.
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Posh Tower Proposed for Struggling New York Neighborhood: Central Park South
Wall Street Journal, Oct. 13, 2015--Brown, Eliot If developer Steven Witkoff's ambitions are realized, he will complete by 2020 a soaring 900-foot condominium tower that would be the latest addition to the "Billionaires' Row" of ultraluxury skyscrapers on the southern edge of New York's Central Park.
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