Life insurers suffer worst returns on real estate loans in decades
Life insurance companies may be feeling a bit sickly about real estate. They are enduring the worst returns in two decades on property mortgages, according to Trepp, a data provider that tracks securitized mortgages. Trepp’s index for life insurance returns is down 11.8 percent year-to-date. This wi
Torkian nabs $145M loan for Upper East Side development
The Torkian Group picked up a nine-figure construction loan for its project taking shape on the Upper East Side. Hersel Torkian’s firm landed a $145 million loan from Valley National Bank for its development at 250 East 83rd Street in Yorkville, according to documents reported by PincusCo. Signature
Going for the jackpot: A look at the high rollers competing to build NYC casinos
Developers, place your bets. Next month, state officials will start accepting proposals for new casinos in and around New York City. Six bigwigs have already unveiled visions for casinos in the five boroughs, pledging to parlay their winnings into the city’s economic recovery. Firms proposing ven
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