Underpinning the Pandemic, Another Malady: Municipal Finances
COVID-19 and the resulting economic downturn made a considerable impact in many areas of the U.S. economy during 2020, but most certainly in municipal budgets. Taking a look at the nation’s 75 largest municipalities, Truth in Accounting found that most could ill afford a large-scale health crisis. The organization’s just-released 2021 Financial State of the… Read more »
Retail and Hotels Stall CMBS Recovery
The CMBS delinquency rate has steadily improved since a peak in June, but some asset classes are keeping the overall rate high. A new report from DBRS Morningstar looks closely at the CMBS delinquency rates from the last year, and found that retail and hotel properties could be hindering a recovery. Overall, the CMBS delinquency… Read more »
Nelson Worldwide Shares Insights on Evolving Workplace Expectations
The COVID-19 pandemic has changed, and continues to change, the way we approach going to work and using office spaces. As we enter 2021, people are still largely uncertain about the prospect of returning to the office and resuming anything resembling a “normal” work experience. This puts companies, who have large investments in office spaces,… Read more »
Our 12 most 2020 COVID-19 stories reveal a year like no other
Here are a dozen of the best pandemic stories compiled by City&StateNY to highlight some of the lessons worth remembering in 2021 begins. City&StateNY