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This New England Farmhouse, in Concord, MA, has the beautiful traditional lines of a farmhouse but all the modern technology and materials available today. The standing seam roof adds a striking look to this stately house. Photo courtesy of Eric Roth for Prefabulous + Almost Off the Grid, published by Abrams Years ago standing seam
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A Missouri judge agreed with Platte County that it’s not on the hook to repay $32 million of defaulted industrial development bonds despite the county’s pledge to annually appropriate the funds needed to cover debt repayment. While the junk-rated county prevailed in the legal case, several market participants said it’s not likely to restore the
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The Aberdeen Global Premier Property Fund (AWP) is a medium-sized closed-end fund with $576.5 million in net assets and an attractive 10% yield. While the fund is levered, the fund is currently only levering 3% of the portfolio, indicating a lack of aggressiveness. The fund’s expenses are modest for a CEF: 1.18% total fees, which
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Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve officials speaking at a policy conference may get a lot more attention than usual in the week ahead after President Donald Trump’s latest tariff
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The Surf Club is a 1929-built landmark in Surfside. Courtesy of Kobi Karp Architect Kobi Karp doesn’t merely build structures—he builds bridges. Not water-traversing spans but metaphorical bridges that link people, cultures, neighborhoods and communities. And from where he stands, the views are spectacular. Miami architect Kobi Karp Courtesy of Kobi Karp Karp’s method: he
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Bitcoin decoupled from traditional markets in May, rising more than $3,000. The cryptocurrency, currently at $8,300 on Bitstamp, is set to end higher for the fourth straight month with 60 percent gains. That is the longest monthly winning streak and the biggest monthly gain since August 2017. Notably, the leading cryptocurrency by market value has
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The liquidators of failed New Zealand crypto exchange Cryptopia have released their first report on the firm’s financial situation, revealing that it owes over US$2.738 million to creditors. The appointed liquidator Grant Thornton New Zealand published its report Friday, saying that 69 unsecured creditors are owed at least $1.37 million and secured creditors over $912,000, with an expected
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.74% from 3.75% the week before. The Bond Buyer’s 20-bond GO Index of 20-year general obligation yields fell five basis points to 3.51% from 3.56% the week before. It is at its
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Most of the week’s largest deals came into a stronger market on Wednesday, as the U.S. municipal fixed income market was hitting on all cylinders. Modest domestic economic growth, reasonable inflation, lackluster new-issue supply and sound fundamentals continue to drive investors into the tax-exempt bond market, according to Rob Amodeo, portfolio manager, at Western Asset.
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