The tower at 111 Wall St. epitomizes the crisis that faces the Manhattan commercial real-estate market — and the city itself. The 1960s-vintage tower emerged from its ugly-duckling original appearance as a born-again downtown gem after a top-to-bottom redesign. But the timing couldn’t be worse for its owners, who invested close to a half-billion dollars
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“Are all U.S. banks in trouble because some of them are? That is what Moody’s thinks. Moody’s Investors Service announced that it cut its outlook on the entire U.S. banking system from “stable” to “negative.” Yikes. This is a rare admission that the U.S. banking system is fundamentally intertwined. Moody’s says that even banks that
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When it comes to buying a home now, there are plenty of challenges. But homeownership can be a great way to build wealth and to maintain housing stability, said Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners, a boutique advisory firm in Atlanta. Achieving that goal now can be challenging, with
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Hong Kong has ended its four-year reign as the most expensive city globally for expatriates — surpassed by New York which took first place, according to a new survey.  ECA International’s latest “Cost of Living” research ranked 207 cities based on a basket of day-to-day goods and services commonly purchased by assignees.  That includes food,
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