News

23rd street building upward expansion?

28-46 West 23rd Street is being considered to add floors to the top of the Midtown South office building by the landlords, according to the report from New York Observer.

Home Builders Announce Housing Finance System Reform Plan

The National Association of Home Builders (NAHB) today announced a new comprehensive framework for housing finance system reform that would transition Fannie Mae and Freddie Mac to a new mortgage securitization system for single-family and multifamily conventional mortgages.

European Central Bank hands out $713B in loans

In a closely watched display of its firepower, the European Central Bank on Wednesday issued to Eurozone banks another massive round of the cheap, three-year loans that have helped avert a banking crisis but have not yet revived lending to businesses and households.Banks borrowed 529.5 billion euros, equivalent to about $713 billion, compared to 489 billion euros in December.