Some investors grumbling about continued spread-tightening
The new firm advises on capital markets and investment sales, and is looking to grow
Quarterly return hits lowest level in almost a decade
The firm is looking to place new debt on the property near Grand Central Terminal
The debt would have a yield of more than 9%
The properties contain 1,900 hotel and condominium units
The proceeds paid off construction debt for a complex within a master-planned community
The change makes it easier and cheaper for new properties to get supplemental debt