FeaturedResidential Massive spike in apartment sublets fan fears of NYC exodus REW May 20, 2020 May 20, 2020 by REWMay 20, 2020May 20, 20206175 A record high in NYC sublet listings this month points to outflow of residents to the suburbs, says new report
Featured COVID-19 cuts NYC real estate tax revenue in half REW May 20, 2020 May 20, 2020 by REWMay 20, 2020May 20, 20204879 New report from REBNY shows dramatic drop in city tax coffers
FeaturedRetail Retail hits back with axe throwing, coffee, rehab and paradox REW May 19, 2020 May 19, 2020 by REWMay 19, 2020May 19, 20204892 JLL announces leases with Stumpy's, PJ's Coffee, Ivy Rehab and CustomInk
Featured Tenant advocates take aim at corporate landlords REW May 19, 2020 May 19, 2020 by REWMay 19, 2020May 19, 20204572 As giants such as Blackstone amass multi-billion dollar investment funds for post COVID buying spree, activists say it's time to make them pay
Deals & DealmakersFeatured Stagg Group planning new Riverdale apartment building REW May 19, 2020 May 19, 2020 by REWMay 19, 2020May 19, 20203898 Cushman & Wakefield brokers sale of development site at 6375 Broadway.
Deals & DealmakersFeatured Avalon Bay sells luxury NJ development REW May 19, 2020 May 19, 2020 by REWMay 19, 2020May 19, 20206218 JLL team brokers sale to un-named private investor
Featured NYC rental housing ‘on verge of collapse’ survey finds REW May 19, 2020 May 19, 2020 by REWMay 19, 2020May 19, 20205480 May commercial rent collection is down by more than 60 percent and residential rent payments are 20 percent off, leaving small property owners operating at a loss
Featured Upstate reopening underway as virus begins retreat REW May 18, 2020 May 18, 2020 by REWMay 18, 2020May 18, 20202146 NYC has met three of the seven criteria to reopen; 1,000 new cases were reported today (Monday) and the overnight death rate was 143.
FeaturedRetail City mulls plan to give restaurants more street space REW May 18, 2020 May 18, 2020 by REWMay 18, 2020May 18, 20202812 Calls grow for turning the Big Apple into the world’s largest open-air cafe as restaurants, bars struggle to reopen
Debt & EquityFeatured BRP seeking equity partner for massive Queens development REW May 18, 2020 May 18, 2020 by REWMay 18, 2020May 18, 20203064 JLL Capital Markets tapped to find a Joint Venture equity partner for $286 million Archer Towers project in Jamaica.