Empty commercial space to become homes under CUOMO recovery plan
New York’s real estate leaders have applauded Governor Andrew Cuomo’s plans to rebuild the economy after COVID, which includes converting surplus commercial space into housing.
Tag : COVID
Local experts back plan for new incentives to tempt business, jobs to Jersey
NAIOP New Jersey CEO Michael McGuinness has expressed the commercial real estate development association’s support for S-3295/A-4, the “New Jersey Economic Recovery Act of 2020,” which passed
NYC to Feds: Please can we have more?
The Real Estate Board of New York this week welcomed a federal deal on a new stimulus package, but warned it falls short of what
COVID costs New York $1.6B in real estate tax
The Real Estate Board of New York (REBNY) today reported that year-to-date investment and residential sales totaled $40.3 billion, representing a 49 percent decline compared to the same time
Half of NYC landlords losing money, says CHIP
Half of New York City’s landlords are losing money as the coronavirus crisis drags into its ninth month and tenants continue to fall behind on
How to evict commercial tenants in 2021 despite the moratorium
By Adam Leitman Bailey and John M. Desiderio This article addresses and updates the law 15 years later on the self-help remedy that enables commercial
Latest report shows city rents decimated by COVID
New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy’s November 2020 Market Reports. Driven by
Vornado announces senior management shakeup, cost cutting
Vornado Realty Trust announced a series of senior management changes. The company also announced a $35 million annual overhead reduction program. Michael Franco, the Company’s