New York City’s rental market is all about concessions getty Manhattan’s rental market is all about concessions and more concessions. ”In markets that are more favorable for renters (more available units than demand to fill these units), landlords may offer concessions to entice renters to pick their property,” explains Senior Managing Editor of Apartment Guide Brian
Month: October 2020
Kirby Lane Park in Baltimore was a Rose Fellowship project. Photo: © Harry Connolly The idea is simple: every person in the United States should have dignified, well-built housing. However, execution is much more complicated. For architect Katie Swenson and others like her, navigating solutions through both political and social red tape is half the
Rectory Farm House in Oxfordshire, on sale for $ 9 million, lies in 8 acres of land beside the River … [+] Thames Knight Frank If you’re in the market for a riverside country house, with several acres of land and gardens, then Rectory Farm House in Oxfordshire could be for you. The period property,
Brenan Hefner, co-founder and chief operating officer of Analyst Hub, and his family outside of their former home in Pelham, NY. Source: Brian Hefner Like many before him, Brenan Hefner arrived in New York 20 years ago in search of a career on Wall Street. His journey will sound familiar to those drawn to the
Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal
US coronavirus cases increased by 97,000 on Friday, by far the largest one-day jump since the start of the pandemic, with Midwestern states leading a wave of infections, hospitalisations and deaths across the country just days before the presidential election. The sharp increase, which beat Thursday’s record of 88,400, took the weekly total for the
NYC Quarterly Investment Sales Ariel Property Advisors Real estate investment sales data is in from 2020 Q3 and the results are cautiously encouraging. There is still a great deal of market, political and public health uncertainty, but the real estate industry is climbing back up from the depths of Q2. I sat down with my
Personal income increased 0.9% in September after a 2.5% decline in August, the Commerce Department reported Friday, while personal consumption grew 1.2% after a 0.7% gain in August. Personal consumption expenditures rose 0.2% after a 0.3% climb in August, while PCE grew 1.4% on an annualized basis, up from 1.3% a month earlier. Core personal
A tsunami of foreclosures is just months away. getty Various reports show that the market for previously-owned homes climbed nearly 10% in September, the fourth straight monthly increase. It is not just sale volumes that are high, but the price of homes is showing double-digit gains. If you just look at volume and prices, the
New Jersey’s oversight role of Atlantic City finances is a central issue in the city’s mayoral election. Mayor Marty Small, a Democrat, faces a challenge from Thomas Forkin in Tuesday’s election. Forkin, the former chair of the Atlantic City Democratic Committee, is running as a Republican. “We want to send Trenton a message this election
The estate was designed in a breezy Santa Barbara style. David Livingston Tucked away in the ultra-luxe enclave of Ross, California in Marin County is a luxurious estate that immediately brings to mind the refrain “location, location, location.” The gentle glow of the sun as it rises to the east and sets to the west
The municipal bond calendar will start the month with less than $1 billion of volume and only one deal totaling more than $100 million after weeks of massive supply ahead of one of the most contentious elections in recent U.S. history amid a global health pandemic. Most issuers took advantage of the low-rate, high-demand environment
Raymond James CEO Paul Reilly told CNBC on Friday that long-term investors should not be scared away from equity markets, despite the rise in coronavirus cases and other risk factors that weighed on Wall Street in October. “The important message is stay invested,” Reilly said on “Power Lunch.” “If you’re afraid of some segments, that’s
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty Just as the pandemic has touched every aspect of our lives, every asset class type has been affected by Covid-19. The commercial real estate market across America has fluctuated as the pandemic has continued
New Puerto Rico Oversight board member Justin Peterson exercised an exit veto on a proposed central government debt restructuring Friday. More than two hours into a virtually held public board meeting, Justin Peterson left the meeting to remove the board’s quorum. He did this to deny the remaining three board members the right to take
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images The best hope for markets in the week ahead is that there is a clear cut winner in Tuesday’s presidential election. The election looms large as the biggest wild card
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. getty For everybody — and certainly those in property management and the real estate industry — this entire year has been a big question mark, or maybe an endless string of curse words. But I don’t think the
Nassau County, New York, Executive Laura Curran’s goal for an early 2021 budget approval has hit a stumbling block: stiff opposition from legislative Republicans toward her debt refinancing proposal that is a key component of her $3.3 billion spending plan. Curran vetoed budget changes the GOP-controlled county legislature sought in her $3.3 billion spending proposal
The Chelsea Barracks Collection is inspired by the history of its surroundings Chelsea Barracks At the top end of the market, developers not only build homes, but they also commission bespoke homeware for them. The developer of Chelsea Barracks, a residential scheme in Belgravia known for its luxury residences, has produced for its homes a
Holders of defaulted bonds issued to build northwest Florida’s Garcon Point Bridge got more bad news about the toll revenues that repay the debt. The Florida Department of Transportation, which first suspended tolls to facilitate evacuations in the wake of Hurricane Sally, said Thursday that the state will continue to suspend toll collections until Nov.
(Photo by Alex Tai) SOPA Images/LightRocket via Getty Images Bank of America (BAC), Citigroup C , JPMorgan Chase JPM and Wells Fargo WFC are the four money center banks considered too big to fail. Most analysts on Wall Street recommended these banks as 2020 began. I disagreed with this call given the high probability that
The municipal bond market saw the second highest issuance month ever in October with $65.20 billion, trailing only the $69.83 billion in December of 2017 right before tax law changes that eliminated advanced refundings went into effect. The market has now digested four consecutive months of issuance greater than $40 billion, with two of those
Joe Raedle | Getty Images Now that more Americans can work and attend school from anywhere, they are increasingly looking to leave large urban centers for smaller, less dense cities with cheaper housing. As different real estate entities try to measure the migration, certain cities are standout destinations. Santa Barbara, California; Louisville, Kentucky; and Buffalo,
The American Securities Association wants to see the Federal Reserve’s Municipal Liquidity Facility extended past 2020 following word from the Treasury Department that such an extension is unlikely. In a letter sent to U.S. Treasury Secretary Steven Mnuchin and Fed Chair Jerome Powell on Friday, the ASA asked for the MLF to be extended past
Check out the companies making headlines in midday trading. Twitter – Shares dropped more than 20% after the social media company reported user growth that fell short of expectations amid heightened scrutiny and the challenge of handling posts around the U.S. election. Twitter ad revenue grew 15% year over year to $808 million, but the company
For his legal work in public finance, Stanford Ladner of Butler Snow has been recognized in the 2020 edition of “New York Metro Super Lawyers.” Super Lawyers is a rating service of attorneys from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. Stanford Ladner of the
Presidents get a lot of the blame, and take a lot of the credit, for the performance of the stock market while they are in office. However, the truth is that the president’s ability to impact the economy and markets is generally indirect and marginal. It’s Congress that sets tax rates, passes spending bills, and
Adhering to science and reopening the economy is not mutually exclusive, the former director of the Centers for Disease Control and Prevention told a New York City watchdog group. “We can reopen but we must be cognizant of the challenges of COVID-19,” Tom Frieden said on a Citizens Budget Commission webcast Thursday. Frieden, now president
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil reported its third straight quarter of losses on Friday as depressed oil demand sparked by the coronavirus pandemic weighed on the company’s operations. During the third quarter the company lost $680 million, although Exxon said results improved on a
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon lost 18 cents per share for the third quarter, smaller than the 25 cents a share loss that analysts were expecting. Revenue came in above analysts’ forecasts. Exxon is also planning smaller capital expenditures for 2021, to $16