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Landlords kicked when they’re down, says RSA

New York’s biggest rent regulated landlord group has accused the city of using the ongoing pandemic crisis as an excuse to kick them when they’re down.  After the Rent Guidelines Board voted to freeze rents on one mi.....»»

Category: realestateSource: REALESTATEWEEKLYMay 8th, 2020Related News

One million construction workers axed in April

Construction employment declined by 975,000 jobs in April as a new survey by the Associated General Contractors of America and data from construction technology firm Procore show deteriorating demand for con.....»»

Category: realestateSource: REALESTATEWEEKLYMay 8th, 2020Related News

Hampshire JV pays $31M for NJ shopping center

Hampshire US REIT (UHREIT) and joint venture partner MCB Real Estate has acquired Lawnside Commons, a 151,076 s/f shopping center at 310 White Horse Pike in Lawnside, NJ, for $31.55 million. Lawnside Co.....»»

Category: realestateSource: REALESTATEWEEKLYMay 8th, 2020Related News

Most Americans still paying their rent, says Housing Council

 The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.2 p.....»»

Category: realestateSource: REALESTATEWEEKLYMay 8th, 2020Related News

Cuomo extends eviction moratorium, promises help for landlords

Governor Andrew Cuomo has extended New York’s eviction moratorium through August 2.....»»

Category: realestateSource: REALESTATEWEEKLYMay 7th, 2020Related News

Bow Street pushes four more members on Mack-Cali

The battle between Mack-Cali and Bow Street took another turn today as the minority shareholder made a call for new leadership at the REIT and named a slate of new nominees for the board. Bow Street’s nominees include its own Akiva Katz, Mahbo.....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Chipotle expands in Manhattan as it breaks it own online records

Chipotle Mexican Grill has signed lease for two new retail spaces in Manhattan as the chain breaks its own digital sales records. Winick Realty Group’s  Kenneth Hoc.....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Marx Realty unveils post-COVID-19 plan for 545 Madison

Marx Realty (MNPP) announced a $24 million repositioning strategy of its 18-story office building at 545 Madison.....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Jeff Hubbard exits Massey’s B6 for A&G Real Estate

A&G Real Estate Partners today announced the creation of a  Structured Investment Sales Di.....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

State’s public housing authorities to share $42M HUD funding

New York’s public housing authorities will share in $42 milli.....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

LI department store to become last-mile warehouse

CBRE has been retained by Sanders Equities as the exclusive .....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Shopping center owners roll out re-opening plans

Shopping center owners are set to roll-out curbside pickup programs as part of New York’s phased re-opening. Under Governor Andrew Cuomo’s phased reopening plan, the state coul.....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Eastern Union arranges $15M construction loan

Eastern Union, one of the country’s leading commercial real estate finance firms, has arranged $15.5 million in financing toward construction of a ground-up, 1,115-unit self-storage facility in Perth.....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Lenders to borrowers: If you need help, ask

More than half of mortgage .....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Owners make case for raising rents

The Real Estate Board of New York is calling for a minimum of a 2.4 percent increase on rent stabilized rents, claiming tha.....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Stringer says NYC shortchanged by Trump

New York City Comptroller Scott Stringer is calling on the federal government to deliver more relief to the city as it claws its .....»»

Category: realestateSource: REALESTATEWEEKLYMay 6th, 2020Related News

Landmines borrowers and lenders need to avoid when negotiating abatement and deferrals

In the midst of the current economic deep distress, there are, and will continue to be, countless communications from tenan.....»»

Category: realestateSource: REALESTATEWEEKLYMay 5th, 2020Related News

Hines, NPS buy $492M share of One Madison Avenue

SL Green has sold a 49.5 percent interest in One Madison Avenue to the National Pension Service of Korea and Hines Interest LP . NPS and Hines have committed aggregate equity to the project totaling no less than $492.2 million. SL Green .....»»

Category: realestateSource: REALESTATEWEEKLYMay 5th, 2020Related News

Co-living brand gets into workforce housing

Common, the co-living company backed by a $1 billion investment fund, has launched a new workforce housing brand, Noah Living. Noah, p.....»»

Category: realestateSource: REALESTATEWEEKLYMay 5th, 2020Related News

Industry looks to feds as renters stage strike

The Real Estate Board of New York is calling on the federal government to launch an emergency rental assistance program that would help both tenants and property owners fighting financial ruin during the coronavirus pandemic. â.....»»

Category: realestateSource: REALESTATEWEEKLYMay 4th, 2020Related News