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This week marks an unprecedented moment in market history, and an odd one at that. A host of small time retail investors--congregating under the forum r/wallstreetbets of the popular content sharing site Reddit--have upset the market in spectacular fashion. With...
Good news for co-ops: you are now eligible for relief through the Paycheck Protection Program! The expanded coverage comes as a result of the second stimulus package passed at the end of last year. As the second round of PPP kicks off, co-ops may now take initial...
The Biden administration is officially in session. As with all new administrations, this will entail a host of policy changes, major and minute. With respect to real estate and housing, a fair amount of changes have already been signaled by the Biden administration in...
Bitcoin had quite the year in 2020. It rallied astonishingly, reaching nearly $37,000 at its peak, though it has now stabilized at around $32,000. Interestingly, the rally was rather quiet, with few taking note of the jump of a full one thousand percent from March...
Union Square Park is aiming for expansion. The century and a half old park, a landmark of New York City’s lower east side, may soon receive a “$100 million makeover” that would, among other things, expand the park an extra 2 acres. [1] The Union Square Partnership, a...
Last week, the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) concurrently charged former real estate fund manager, Eric C. Malley, with investment misappropriation of over $7 million and securities fraud, respectively. The charges come...