reserve

Federal Reserve Bank of NY Acquires Downtown Office for $207.5M

February 29, 2012

Costar… The Federal Reserve Bank of New York has acquired its approximately 560,000-square-foot, Downtown Manhattan office building at 33 Maiden Ln. for $207.5 million, or about $371 per square foot, from Merit US Real Estate Fund III, a closed-end German fund managed by Invesco Real Estate in cooperation with Hannover Leasing. The Federal Reserve Bank, a major tenant occupying 75 percent of the building prior to sale, exercised an existing option to purchase… View original post here: Federal Reserve Bank of NY Acquires Downtown Office for $207.5M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Credit Agricole’s Green Says Fed Won’t be ‘Proactive’: Audio

February 17, 2011

Feb. 17 (Bloomberg) — Orlando Green, assistant director of capital-markets strategy at Credit Agricole Corporate & Investment Bank, says the U.S. Federal Reserve “will remain behind the curve rather than proactive.”

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