The Consent Decree, which is subject to the review and approval of the court, requires the appointment of a federal monitor and requires the city, to provide $1.2 billion of additional capital funding to NYCHA over the next five years, and $200 million every year thereafter until the problems are fixed.
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Marcy Moneypenny says hard work is seldom enough to stand out in the CRE industry.
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The $4 billion project would include 500,000 square feet of gaming space.
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Overall CMBS delinquency rate was up slightly, according to Trepp.
