Posts with tag blackrock

Ever wonder why banks have been so slow to modify home loans on the brink of foreclosure? I have. Well, part of the answer may have just been revealed in a recent story in London's Financial Times. The story is about the resistance of some investors to get back into real estate, especially as the federal government winds... Continue Reading »

On Monday, lenders foreclosed on one of the biggest apartment complexes in the country, seizing the 11,000 apartments at Stuyvesant Town and Peter Cooper Village from real estate giants Tishman Speyer and BlackRock, Inc., who failed to make their monthly mortgage payments. Where does that leave the people who live there?... Continue Reading »