Surveys of manufacturing and services both showed slowing growth, and despite a gain in construction spending in October, it followed a revision to a decline from an initially reported rise in September. The Institute for Supply Management’s manufacturing sector index slipped to 57.5% in November from 59.3% in October. The new orders index fell to
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Dan Zakai is the Co-Founder and CEO of Mindspace, a global provider of boutique flexible spaces in 16 cities across Europe and the U.S. getty There were changes afoot long before Covid-19, but the pandemic has truly upended everything we know about what it means to work in an office in the modern age. Nearly 50%
Ike Papadopoulos joins Hilltop Securities as managing director. Hilltop Securities is expanding its East Coast investment banking operations with the hiring of former Ziegler managing director Ike Papadopoulos. Papadopoulos, who joins Hilltop as a managing director, brings more than 20 years of experience to his new position. Before Ziegler, he worked nine years with TD
Maine’s healthy reserves, achieved through proactive budget management, have positioned the Northern New England state to withstand revenue uncertainties stemming from the COVID-19 pandemic, according to analysts. Moody’s Investors Service analyst Pisei Chea said Maine’s strong reserve levels would enable it to weather any potential pitfalls that may arise this winter from revenue drops if
People wear protective face masks outside Salesforce Tower as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 22, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines after the bell: Salesforce — Shares of the software company dropped
CEO and Founder of L.A. Property Management Group and Crown Commercial Property Management. getty The saga began earlier this year when a building owner in Culver City (who wasn’t our client yet, but would become one shortly) had one of his tenants approach him with a mold complaint. The tenant had already run a mold test on
These two brokers have some fundamental differences, one being among the most established discount online brokers while the other is a relative upstart. Fidelity continues to evolve as a major force in the online brokerage space. Fidelity’s brokerage service took our top spot overall in both our 2019 and 2020 Best Online Brokers Awards, as the
Municipals outperformed Treasuries as yields rose 10 basis points on the UST 10- and 30-year on talk of a potential stimulus deal and equities hit all-time highs. Secondary trading held municipal yields steady while Illinois’ highway deal priced and re-priced five to nine basis points lower and New York City Municipal Water Authority offered bonds
The new Rosewood townhouses in Georgetown, DC blend in with the neighborhood. Rosewood Hotels & Resorts/Copyright2020/AVABLU/Ryan Forbes Rosewood Washington, DC recently announced the opening of new townhouse accommodations, located in a prime location in the heart of Georgetown directly adjacent to the luxury hotel. The timing of this new residential-style offering couldn’t be more opportune.
Wisconsin Gov. Tony Evers’ administration is treading cautiously as it assembles a new two-year budget over concerns that the COVID-19 pandemic could cut more deeply into state revenues than forecast. Modest revenue growth is projected over the course of the biennium that begins July 1, enough even to make a small deposit into its rainy
Covid-related growth rates are spiking. And it’s not just the virus. A few months ago, The Wall Street Journal reported that retail-investing volumes had climbed 30% on a year-over-year in the first half of 2020 to nearly 20% of all trades. One young client commented that “everyone and his uncle is trading their accounts constantly.”
Rising property values can be a double-edged sword. On the one hand, it means that your investment in real estate is appreciating. However, on the other hand, the amount of taxes you owe to the government for that appreciation can be substantial. Many times, homeowners are prompted to question their property tax assessments. There are
Federal Reserve Governor Lael Brainard said Tuesday that more government fiscal aid is needed to prevent deeper damage to a U.S. economy coping with a fresh surge in coronavirus cases. Federal Reserve Governor Lael BrainardBloomberg News The central bank is “committed to providing sustained accommodation” through ultra-low interest rates and asset purchases, Brainard said in
CEO & Executive Director at the Illinois Medical District; Instructor at Harvard University T.H. Chan School of Public Health getty Commercial real estate owners and developers responsible for healthcare facilities are facing a pivotal moment. They are forced to rethink the ways their medical office buildings — from standalone facilities to storefronts in retail settings —
A federal court should strike down the Securities and Exchange Commission’s conditional exemption for muni advisors because the regulator did not solicit stakeholders’ input and was “arbitrary and capricious,” according to the Securities Industry and Financial Markets Association. SIFMA made its case in a newly-filed brief in the U.S. Court of Appeals in Washington D.C.,
David is the Founder and CEO of Realized, a firm whose mission is to improve lives through innovative investment property wealth solutions. getty Anyone involved in any type of commercial real estate endeavor has by now heard of the qualified opportunity zone program. For those who haven’t, the qualified opportunity zone (QOZ) came out of the
Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Zoom Video – Shares dropped nearly 14% as investors digested signs that the video conferencing company’s
Eric is a real estate investor and founder of MartelTurnkey. MartelTurnkey sells rental properties to investors looking for passive income. getty It’s undeniable that Covid-19 has had a massive impact on the world, not to mention thousands of industries. One of the most notable affected has been real estate, as people across the world struggle to
Money market funds (MMFs) have long been a staple in brokerage accounts as a safe place to stash cash that’s not being invested. In light of the events of the past year, it’s time financial advisors and their clients re-examine this approach. Historically, MMFs have been used to provide safety, liquidity, and yield. In today’s
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. getty As we reach the final quarter of the year, few real estate experts are likely looking back on 2020 and boasting about their accurate forecasting abilities. Last year at this time, no one could have predicted the trends
Kenny Kane is the Chief Operating Officer at Firmspace. getty As my family begins to plan our own modified holiday celebrations for winter, I’ve been thinking about how to make this holiday season special for my team, even as old modes of connection are limited. Professionals — especially those who work independently or run small real
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters S&P’s action on Tesla showed the growing power of indexers and passive investing. S&P Dow Jones Indices has announced that Tesla will be added to the S&P 500
Getty Things are hitting a boil in the market for U.S. homes, and it may be the right time to sell. In October, prices for houses across the U.S. registered the fifth-largest monthly gain since 1996 and the strongest in 15 years. The heat is coming from a mix of factors, including limited inventory, suburban
Scott Meyers, Founder of Kingdom Storage Holdings. getty For many years, I have supported self-storage as a great way to invest your money. In my experience, it is a recession-resistant and often overlooked way to invest. Don’t just take my word for it. Recently, StorageMart — the eighth largest self-storage company — announced Bill Gates joined
Credit Suisse has named António Horta-Osório as its next chairman, picking the outgoing chief executive of Lloyds Bank to help steer the lender through the fallout from the coronavirus crisis. Mr Horta-Osório will start at Credit Suisse at the end of April, the bank said in a statement on Tuesday. Urs Rohner, the Swiss lender’s
A person walks by a sign that reads, “restaurant for lease” outside a restaurant in Hell’s Kitchen … [+] (Photo by Noam Galai/Getty Images) Getty Images Over the past few weeks, we took a look at how the current Covid-19 pandemic is affecting the residential and CRE markets, and the tech that is being deployed within them to
The penthouse has two offices with built-in bookshelves. Elite Auctions A waterfront penthouse in Baltimore that was once owned by the late novelist Tom Clancy is headed to the auction block on December 12 with no reserve price. The best-selling author of the Jack Ryan novels chose a Ritz-Carlton Residence penthouse on the waterfront and increased its size by combining
The California courts are still sorting out rulings made by appellate courts and the state’s Supreme Court in lawsuits brought against public pension reforms signed into law by Gov. Jerry Brown in 2013. The high court denied on November 24 two requests for depublication of the First Appellate District’s decision in Marin Association of Public
With supply low and demand high, home prices have risen, making it difficult for first-time homebuyers, leading to a 1.0% decrease in pending home sales, the National Association of Realtors Sales declined a revised 2.0% fall in September, first reported as a 2.2% drop. Economists polled by IFR Markets anticipated a 1.0% rise. Year-over-year, sales
Title: Assistant TreasurerFirm: Transurban — North AmericaAge: 37 John Markowitz, a 2005 graduate of the University of Virginia, started his career in commercial credit at SunTrust Bank. He was about to go to law school when a colleague contacted him about working in a unique and growing form of infrastructure financing, value capture bond underwriting,
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