New york Properties News

BofA selling three buildings in New York, Charlotte
(Reuters) - Bank of America Corp plans to sell and lease back three buildings it owns in New York and Charlotte, North Carolina, as it looks to shed non-core assets under an efficiency program The properties are the Fifth Third Center and the Hearst Tower in Charlotte, and 222 Broadway in lower Manhattan, which BofA inherited in the 2009 acquisition of Merrill Lynch, bank spokeswoman Kelli ...

UMH Properties, Inc. Announces New Mortgage Loan
FREEHOLD, N.J., Feb. 3, 2012 /PRNewswire/ -- UMH Properties, Inc. (NYSE Amex:UMH) today announced that it has entered into a new $11,400,000 mortgage loan with Bank of America, N.A. to refinance two manufactured ...

The New York Times' About.com: From All-Star To Albatross
About.com is in free fall. The New York Times (NYSE:NYT - News) revealed yesterday that its network of information sites suffered a 67% drop in profits and that revenues had fallen by a quarter.

The New York Times, the Content Farm, and the Power of the Brand
It was timing that was either ironic or fitting: Less than 24 hours after Facebook filed for its big IPO, The New York Times Company announced its earnings for the last quarter of 2011 and for the previous ...

New York Times Co. reports lower 4Q net income
The New York Times Co. said Thursday that net income fell 12 percent in the last three months of 2011, though excluding one-time items the results exceeded Wall Street expectations.

New York sues banks over foreclosures
The New York attorney general sued some of the nation's biggest banks on Friday, accusing them of unlawful and deceptive practices for relying on a private electronic registry that tracks mortgages.

Rouse Properties, Inc. Sets Record Date for Rights Offering
NEW YORK, Feb. 3, 2012 /PRNewswire/ -- Rouse Properties, Inc. (NYSE: RSE - News) ("Rouse" or the "Company") announced today that the record date for its previously announced rights offering ...

Own vs. Rent Riles Government Housing Policy
By Diana Olick, Real Estate Reporter, CNBC NEW YORK (CNBC)-- Fannie Mae and Freddie Mac, the mortgage giants under government conservatorship, together owned 182,212 foreclosed properties as of the end of September. While they aggressively market and sell these homes to investors and owner-occupants alike, the numbers are still too high; these number could go far higher, as foreclosures ...

FelCor Announces Acquisition of Iconic New York City Knickerbocker Hotel
FelCor Lodging Trust Incorporated today announced the acquisition of the landmark Knickerbocker Hotel in midtown Manhattan, New York, for $115 million. Consistent with its portfolio repositioning strategy, the company also announced it is marketing 16 non-strategic hotels.

Release of 2009 and 2010 Audited Financial Statements; Status of Northgate Mall Properties
NEW YORK, Feb. 1, 2012 /PRNewswire/ -- Feldman Mall Properties, Inc. (FMLP.PK) made the following announcements:2009 and 2010 Audited Financial StatementsThe Company has released its audited financial ...