The incredible shrinking office market tests New York City

As New York City officials grapple with finding ways to balance their budget for the next fiscal year, one area of growing concern revolves around the very ground that the city is built on — commercial real estate. Comptroller Brad Lander's office last week took a deep dive into how hybrid work is affecting the city's office market — and its knock-on effect for property taxes. Looking at a variety of scenarios, the comptroller found reasons for cautious optimism.

Registration has opened for The Bond Buyer Infrastructure conference in Chicago this Sept. 12 and 13. Take advantage of early bird rates and save up to $200.

Broker-dealers remain hopeful about policy issues vital to the municipal bond market including restoring advance refunding and raising the bank-qualified limit after representatives of Bond Dealers of America member firms descended on Congress in a lobbying blitz this week.

Watch the acceptance speeches and view some of the photos from our Deal of the Year event in New York City.?

Market data platform SOLVE has launched a new platform that provides information for market professionals through the aggregation, curation and delivery of available historical and real-time fixed-income data.

If you missed any of our ESG Week coverage, make sure to check our ESG special section which has all the articles, the podcast and a taped version of the Leaders event.

Municipals were slightly firmer Friday ahead of a larger new-issue calendar with bellwether names. Next week’s $6.9 billion new-issue calendar features several high-grade deals, including nearly $1 billion of refunding general obligation bonds from Massachusetts, $886 million of GOs from Georgia in four competitive deals and a $743 million Battery Park City Authority pricing.

Check out our most recent Rising Stars and the inaugural class of Muni Hall of Famers .

The California Housing Finance Agency had its rating upgraded to Aa2 by Moody's Investors Service, which cited the state agency's improved financial strength. It is the highest rating in agency history , according to CalHFA, and is among the top ratings that Moody's assigns to housing finance agencies nationwide. "This rating has CalHFA well-positioned to explore creative new approaches to address the ongoing housing crisis in our state," said CalHFA Board Chair Jim Cervantes.

Registration is open for The Bond Buyer California Public Finance conference Oct. 18-20 in San Francisco. Take advantage of Early Bird Rate savings of up to $300.

Massachusetts Gov. Maura Healey on Thursday announced a five-year, $14 billion capital plan that would lean on a mix of funding to carry out work across the state.

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