In a deal that was being kicked around the rumor mill for about a week, iStar announced it is acquiring Fremont's commercial real estate lending business for $2 billion.
Mr. Condocon Verter, a New York-based real estate investor, hated to hear the news, as it took one of the two remaining lenders out of the market who were dumb enough to still be lending on condo projects (even in South Florida). Mr. Verter was overheard saying as his head hung low, "At least there's still Corus."
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