Tuesday, March 19, 2013

Gramercy Exits CRE Finance, Elects REIT Status




National





Gramercy Exits CRE Finance,
Elects REIT Status



NEW YORK CITY-The company closed Monday on the sale of management and servicing agreements for three CDOs to CWCapital.











Activity, Prices Up in Major Markets



Redfin sees 13 percent February price jump in 19 major markets, Re/max sees similar trends in 52 markets.











BlackRock to Reduce Workforce by About 300



NEW YORK CITY-In a continuing reorganization of the money management giant, BlackRock Inc. is cutting about 300 jobs or approximately 3% of its workforce.








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