commerical real estate

The Federal Deposit Insurance Corp sued 11 former executives and directors of a failed bank as it works to recover as much as $2 billion suffered by one of its funds during the financial crisis. The FDIC filed the lawsuit in the U.S. District Court of Chicago, Reuters reported. It accuses former...

A joint venture between Tom Barrack's Colony Capital LLC and Cogsville Group LLC won the bidding for a portfolio of distressed real-estate loans auctioned off by the Federal Deposit Insurance Corp. The two companies will purchase a 40% stake in a $1.85 billion portfolio of commercial-property...

New York's office vacancy rate started to climb dramatically after Lehman Brothers collapsed in September 2008 and has not yet recovered. New York's loss puts Washington, DC, on track to overtake New York as the most expensive place to rent office space in the U.S. That's thanks to the government expansion and the increase in the need for rental space in the nation's capital for firms that do business with government, including lobbyists, corporations and contractors.