CRE

New York Community Bancorp in Westbury and Astoria Financial in Lake Success, N.Y., have terminated their merger.

A group of traders in JPMorgan's investment bank has expanded from selling commercial mortgage-backed securities to underwriting loans that are unsuitable for bonds, such as those for big construction projects.

Construction loans are a big source of interest income for community banks but also carry a lot of risk. A few fintech firms say their platforms can reduce the risk and improve the lending process.

Flushing Financial in Uniondale, N.Y., made $12.3 million on a recent property sale, part of a series of moves as it restructures its balance sheet.

The multifamily construction boom may finally be coming to an end as leasing of new units has slowed and lenders are becoming more cautious.

The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.

Franklin Financial Network in Nashville, Tenn., is raising capital after being flagged by regulators for its exposure to commercial real estate.

Commercial mortgage lenders, and investors in their bonds, have been more eager than the residential market to embrace Property Assessed Clean Energy loans even though those loans hold a superior-lien position. Here’s why.

New York Community Bancorp will not receive regulatory approval for its deal to buy Astoria Financial by the end of the year as initially planned.

Trends in commercial real estate lending, which has reached record levels at U.S. banks, are unsustainable, Fitch Ratings warned.

San Francisco has completed the transfer of ownership of its public housing sites from the San Francisco Housing Authority to community-based affordable housing teams, part of a long-term bond-financed initiative begun in 2013.

Credit Suisse is marketing $767 million of bonds backed by 53 mortgage that are secured in turn by 199 commercial properties.

American International Group has been increasing lending for apartments as the company seeks to counter low yields on publicly traded bonds and volatility from hedge fund holdings.

Regulators have pressed banks to watch out for rising concentrations of commercial real estate loans. Some banks have paid heed, but others are skyrocketing past recommended thresholds.

Opus Bank in Irvine, Calif., which reported a third-quarter loss tied to credit issues, has elevated two lending officers to executive-level posts.

Citigroup is marketing its latest commercial mortgage securitization heavily centered on the more volatile CMBS mix of hotel and office properties.

Commercial mortgage originations increased 5% in the third quarter compared with the same period last year, driven by a huge increase in government-sponsored enterprise volume.

Blackstone Real Estate Partners is tapping the securitization market for a cash-out refinancing of The Cosmopolitan of Las Vegas hotel and casino.

Sun Bancorp’s third-quarter profit declined, as the Mount Laurel, N.J., company recorded almost $3 million of one-time gains a year ago.

The Bancorp's stock fell nearly 15% Friday after the Wilmington, Del., company reported a large quarterly loss tied to a bad commercial real estate loan.