CRE

BOK Financial reported a small drop in third-quarter profit, as a decline in the value of mortgage servicing rights offset loan and fee income growth.

New York Community Bancorp has agreed to buy Astoria Financial for about $2 billion in cash and stock, combining two of the largest New York-area banks to create an institution with about $64 billion in total assets.

The commercial real estate loans that underlie commercial mortgage-backed securities posted a modest increase in price from August to September, according to DebtX.

Consumer demand for apartments continued to rise in the third quarter, according to the National Multifamily Housing Council.

Astoria Financial, a New York City-area thrift under pressure from activist investor Basswood Capital Management to boost the share price, is exploring a sale, according to people familiar with the matter. The stock climbed as much as 6.2%.

The inclusion of a loan secured by Chicago's Prudential Plaza in a recent CMBS is causing a stir.

American Finance Trust, a commercial mortgage real estate investment trust, plans to securitize a $649.5 million loan that is secured by 268 single-tenant properties, according to Standard & Poor's.

Loans that underlie commercial mortgage-backed securities fell in price from July to August, according to DebtX.

Bayview and Freddie Mac believe they can provide a stable funding supply to underserved to owners of small commercial properties.

The country's largest real estate investors have bought a record $3.85 billion in property this year in the New York city borough and spent more than any other foreign country in the last decade.