Climate Central, Princeton, N.J., released an analysis of flooding along U.S. coasts, finding that in 25 years, 2.5 million Americans’ homes will be at risk of a severe coastal flood.
Tag: New York
Redfin: 2025’s Most Popular Neighborhoods So Far in New York, Midwest
Redfin, Seattle, released a list of the hottest neighborhoods in 2025, with a select few in New York and the Midwest dominating the rankings.
Dealmaker: M&T RCC Closes $38.71M Loan for New York City Property
M&T Realty Capital Corp., Baltimore, provided $38.71 million in financing via a Freddie Mac Targeted Affordable Housing loan for a property in Long Island City, Queens, New York.
Dealmaker: Walker & Dunlop Closes $149M Refinance for New York Mixed-Use Property
Walker & Dunlop, Bethesda, Md., arranged $148.5 million in loan proceeds to refinance a mixed-use property developed by Steiner NYC in Brooklyn, N.Y.
Dealmaker: M&T Realty Capital Corp. Closes Two New York Transactions Totaling $433M
M&T Realty Capital Corp., Baltimore, announced two loans in New York state.
Zillow Predicts Hottest Major Housing Markets for 2024
Zillow, Seattle, ranked what it anticipates will be the hottest major housing markets this year, with Buffalo, N.Y., claiming the top spot.
Dealmaker: JLL Announces $260M Refinancing for New York Times Square Hotel
MCR Hotels, Island Capital Group and JLL, Chicago, announced MCR and Island closed on a $260 million refinancing of the Sheraton New York Times Square.
Fitch Ratings: The Future of New York Office Space
As the largest U.S. office market, New York provides a good case study of possible pandemic pressures on office demand, said Fitch Ratings, New York.
MBA Letters Oppose Proposed N.Y. Mezzanine Debt/Preferred Equity Tax, Support Like-Kind Exchanges
The Mortgage Bankers Association weighed in to oppose a proposed New York tax and recording requirement for mezzanine debt and preferred equity and to support like-kind exchanges.
MBA Chart of the Week: Year over Year Change in Purchase Applications
According to data from MBA’s State Monthly Activity Report (SMAR), purchase applications grew for 14 consecutive months until the impacts of COVID-19 slowed activity to a 2 percent decline in March. Most of the decline was likely in the last two weeks of the month, when many states enacted restrictions on non-essential business and social activity.