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Current and former residents of The Harborside, a 329-unit continuing-care retirement community in Port Washington on Long Island's North Shore, are anticipated to receive an initial $6 million distribution after a sale of the facility for $86 million to Chicago-based private equity firm Focus Healthcare Partners, according to a plan approved by a bankruptcy court.
February 24
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The amount of toll revenue collected between the start date and Jan. 31 is in line with budgeted projections, Jai Patel, MTA's deputy chief financial officer, said.
February 24
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The muni market produced $512.7 billion of debt issuance in 2024, up 33.1% from $385.1 billion in 2023, according to LSEG data. This surpasses the previous record of $484.6 billion in 2020 by almost $30 billion.
February 24
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In total, municipal bond insurers wrapped $41.09 billion of debt in 2024, an increase from the $35.38 billion insured in 2023, according to LSEG data.
February 24
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The 116% surge in healthcare bond sales from 2023 marked "a splash back from depressed issuance the few years prior," said Matt Fabian, partner at Municipal Market Analytics.
February 24
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The number of transportation issues surged to 529 last year from 405 in 2023, according to LSEG data.
February 24
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Most states and sectors in the region beat their 2023 issuance by wide margins in 2024.
February 24
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Market activity has been somewhat "subdued," and USTs yields have been "relatively well-behaved," though the 10- to 30-year rates have slightly underperformed, moving up three to five basis points, said Barclays strategist Mikhail Foux.
February 21
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A plan to sharply cut Community Development Block Grant program staffing follows Trump's statement that he is inclined to eliminate the Federal Emergency Management Agency.
February 21
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The Senate move provides an alternative pathway towards a final budget agreement as the House wrestles with an approach that could include key tax policy changes for the muni market.
February 21
