In the last seven days, the deluge of new Wall Street scandals has been constant, fascinating and incredibly confusing. Helpfully, one tie that binds is that nearly every major accusation has been accompanied by denials from the accused, but beyond that things can get confusing. What’s the Read More
The Bloomberg and Paterson administrations had much to be pleased with late last month when they reached a deal to take $861 million in Battery Park City funds, putting money toward budget gaps and affordable housing.
As for Battery Park City bondholders? They have less to applaud.
Credit ratings giant Moody’s last week put Read More
What is the congenitally optimistic real estate professional to do when confronted with a Moody’s report titled: “For CMBS, Recovery Appears Through a Glass, Darkly—and Slowly.”
Apparently, so downcast was Moody’s senior vice president Daniel Rubock that he had to resort to poetic language—and, later on, a LeBron James metaphor!—to articulate his predictions. And Read More
Any time talk turns to "indices," eyes glaze over. It’s a documented fact.
Be that as it may … Moody’s REAL Commercial Property Price Index is now "over 16% below the peak measured in October 2007," according to its just-released February report. Most of that decline (15 percent) happened in 2008, wiping out "the gains Read More