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Shares of New York Community Bank (NYSE: NYCB) dropped 68.6% in the first six months of the year, ... Office vacancy rates are high, and average rents are falling steeply in numerous major cities ...
The stock of New York Community Bank is down more than 50% since it surprised Wall Street on the morning of Jan. 31 by slashing its dividend and reporting a net quarterly loss of $252 million. The ...
Realty Hotels Inc., a subsidiary of the New York Central, took over the hotel in 1934 and operated it for four decades. Paul Milstein acquired the hotel in 1978 and began demolishing the interiors immediately after the hotel closed on August 15, 1981. Despite protests from preservationists, Milstein gutted the Biltmore and converted it into an ...
[153] [154] The New York Palace retained eight specialty suites, including the four triplexes, but two of the specialty suites became branded luxury suites. [155] The hotel's new owners sought to lease the Villard Houses' north wing for at least $2,000 per square foot ($22,000/m 2) per year. [146] The renovation was completed in September 2013.
Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment. The majority of the investment, $450 million, is coming from former Treasury Secretary ...
NYCB underwent multiple acquisitions in the 2000s, acquiring Haven Bancorp for $196 million in 2000, [7] Richmond County Financial in an $802 million transaction in 2001, [8] asset manager Peter B. Cannell & Co. in 2002, [9] Roslyn Bancorp in a $1.6 billion transaction in 2003, [10] Long Island Financial in a $70 million transaction in 2005 ...
The Hicksville, N.Y.-based bank has a high level of exposure to rent-controlled apartment complexes in New York City. Those buildings account for 22% of its loans.
The InterContinental New York Barclay Hotel is a hotel at 111 East 48th Street, on Lexington Avenue between 48th and 49th Streets, in the Midtown Manhattan neighborhood of New York City. The 14-story hotel, operated by IHG Hotels & Resorts , was designed by Cross and Cross in the Colonial style and contains 702 rooms.