Mar
18

In the News

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3/13/12  Luxury Manhattan sales market set to slip following Wall Street’s compensation declines: 
The high-end Manhattan real estate that has propped up an otherwise stagnant sales market, is likely to begin a decline of its own in 2013 and 2014. According to data from the New York State Comptroller’s office and Miller Samuel CEO Jonathan Miller cited by Bloomberg News, the top 10 percent of the Manhattan condominium and co-op market tends to follow the pattern set by Wall Street bonuses two years earlier.”  Get more informaiton at TheRealDeal.com

3/14/12  Rent Study Finds NYC Cheaper Than Long Island, New Jersey:  “In what will be a surprise to many New Yorkers, the city isn’t the most expensive place in the country to rent a modest two-bedroom apartment, a new report released has found. In fact, it’s not even the most expensive rental market in the region.”  Read the full article in the Wall Street Journal

3/15/12  Pension Reform Announced:  “Governor Andrew M. Cuomo, Assembly Speaker Sheldon Silver and Senate Majority Leader Dean Skelos today announced the passage of a sweeping pension reform plan that will save state and local governments more than $80 billion over the next 30 years.  New York City taxpayer savings will account for $21 billion of this savings.  Our legislative leaders have shown extraordinary determination and deserve immense credit for addressing the critical fiscal challenges facing state and local government.”  Read the Governor’s Press Release and Mayor Bloomberg’s Statement

 3/15/12  NY State lawmakers to allow casino gambling:  “New York state lawmakers have agreed to legalize public casinos and will amend the state constitution to allow seven new casinos to operate, lawmakers said on Wednesday.”  Read the full article at Reuters.com

 

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