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In an excerpt from her new book, Janette Sadik-Khan describes overseeing dramatic changes to New York’s transportation system, including building miles of bike lanes, creating public plazas across the city—and closing part of Times Square to cars.

According to an analysis completed by Trepp LLC, “U.S. banks are going to face increased challenges in 2012, with slow earnings growth, a mild improvement in loan performance and continued bank failures.” Banks, it was noted, are continuing to face a tough regulatory environment, compounded by fewer and fewer opportunities for future earnings growth.

This week’s Monday’s Numbers should be subtitled: “Credit Suisse Group Sells $2.8 Billion European Commercial Property Loan Portfolio for $1.2 Billion”

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders remained unchanged as a decrease in spreads was offset by an increase in 10-year Treasury bonds. An all-in cost of 5.25% - 5.30% remains very attractive.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was unchanged. There seems to be an all-in cost of 5.0% “glass ceiling” in place. For the survey period, average all-in cost equaled 4.80 percent.

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders remained unchanged; financing appears available at attractive rates (5.25% - 5.50%). Absent a severe “shock to the system”, rates seem likely to fluctuate within this narrow band for the foreseeable future.

The Trepp LLC survey showed spreads widening as much as 15 basis points for no apparent reason we know of except, possibly, the continuing crises in Europe and concerns that the U.S. will catch their flu. Fortunately, money is plentiful with a majority of the widening of spreads offset by the lower yields on 10-year Treasury bonds.

Juanita Hardy is the founder and managing principal of Tiger Management Consulting Group, a Silver Spring, Maryland–based leadership and business consulting services firm specializing in executive coaching across industries and creative placemaking in the real estate industry. Hardy was the ULI Senior Visiting Fellow for Creative Placemaking from 2016 to 2019 and now serves the Institute in a consulting role. She cofounded Millennium Arts Salon, an art education initiative, in 2000.

Gabe Klein is a special venture partner at Fontinalis Partners, a venture capital and private equity firm. He was an Urban Land Institute visiting fellow with the ULI Rose Center, and was also head of the Chicago and Washington, D.C., transportation departments. He helped build Zipcar as a vice president from 2002 through 2006 and regularly consults with cities and private companies on shared transport systems.

The mayors of Boston, Omaha, Pittsburgh, and Seattle have been selected as the 2015 class of fellows for the Rose Center for Public Leadership. The mayor of each city will lead a team of three fellows and a coordinator, who together will select a local land use challenge for which they will receive technical assistance from faculty experts assembled by ULI and their peers from the three other fellowship cities.