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Real Estate

Wall Street is collecting rent payments

Wall Street wants your rent. Redwood Trust, one of Wall Street’s largest securitizers of mortgage bonds, is now packaging bonds backed by rent payments. The move marks a broader interest by Wall Street in rental properties amid of rise of…

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Billy Macklowe looking to break into Brooklyn

Billy Macklowe is making his foray into Brooklyn. The developer’s William Macklowe Company is making a bid to buy a 1.5 block-long site in Park Slope where he can build a 300,000-square-foot mixed-use condominium project, Commercial Observer reported. The seller…

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