Home sales are the lowest they’ve been all year even though inventory is at a 7-year high

A Staten Island businessman who alleges he lost out on an $8M real estate contract after refusing to pay a $250K bribe is seeking compensation from the city government and Cushman & Wakefield, claiming they failed to properly oversee their employees. 850 Third Ave. in Sunset Park, where Mazen Dayem alleges he was cut out…

Processing Content Key Insight: Redfin headlines five real estate companies which have recently acknowledged data breaches and have immediately been hit with class action claims. What’s at stake: Consumers often secure settlements with companies in such litigation, including four deals by lenders this summer.  Forward look: Watch for formal responses, and likely denials of wrongdoing,…

The Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a…

“When a borrower’s income is derived from employment that is not legally authorized, the source of repayment may be less reliable and may present increased credit risk,” the OCC, FDIC, and NCUA said in the joint statement. No new lending rules were imposed. The guidance does not impose new requirements or outright prohibit banks and…

Blackstone Global Head of Real Estate Nadeem Meghji is reportedly set to leave the company after nearly two decades. Meghji is departing after joining the company in the throes of the Great Recession in 2008 and just under a year after becoming Blackstone’s sole real estate head, The Wall Street Journal first reported. He previously co-headed global real estate…