Month: October 2020

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
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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
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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
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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
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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
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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
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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
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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
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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
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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,
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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
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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
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