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The Fever’s Down, But New York’s Rent-Stabilized Market Is Still Ill – Commercial Observer
New York City’s rent-stabilized housing stock has an increasingly serious economic problem. For years, the operating expenses of these buildings have been rising much faster than their revenues. Insurance premiums, real estate taxes, water and sewer charges, fuel, labor, repairs and maintenance have all increased significantly, while the ability of owners to increase rents has…
US Bank partners with Stellar to test stablecoin
Key insight: U.S. Bank has completed a test of its stablecoin, processing a payment between North America and Europe. What’s at stake: Banks are pursuing stablecoin projects, but there have not been a lot of formal releases, according to American Banker research. Forward look: U.S. Bank plans to add more uses beyond cross-border payments and…
Meet the Albanian Developer Who Ushered In 99-unit Projects
Andrea Gjini’s claim to fame is bittersweet: By his telling, he developed the first 99-unit, 485x project. Why bittersweet? He’s proud of making the tax break work, but bristles at the distortions required to do so. Gjini just put up 166 units at 19 and 21 East 198th Street in the Fordham section of the…
Sierra Ridge Advisor Group Joins Cetera From LPL
A large office of supervisory jurisdiction (OSJ) in California has left LPL Financial after 13 months with the broker/dealer to join Cetera Networks, a community within Cetera Wealth Services, the firm’s large OSJ channel. Sierra Ridge Advisor Group, a Roseville, Calif.-based OSJ with about $2.1 billion in assets under administration and 40 advisors, made the…
Why the jobs report will actually be good for bonds
Based on the chatter on Wall Street, you’d think labor has never had it so good. Sadly for working Americans, this isn’t actually the case.
