De Blasio talks up commercial rent control in Upper Manhattan

As the coronavirus continues to wreak havoc on the world’s population and the global economy, the commercial real estate industry faces its greatest challenge since the Great Recession. One of the most pressing issues for CRE professionals is the r.....»»

Force majeure — the literal meaning is a superior force — typically applies to a major event that prevents one party from fulfilling the terms of a contract, in the case of commercial real estate, a lease......»»

Gov. Andrew Cuomo outlined how stay-at-home restrictions could be eased for parts of the state. New York Mayor Bill de Blasio said city-run health clinics soon will use a that lets people collect... To view the full story, click the title link......»»

Rent strikes are not the answer to the city's rent woes, Mayor Bill de Blasio said Tuesday.  Instead, he said, landlords should be allowed to use security deposits to cover a month of rent, a... To view the full story, click the title link......»»

Manhattan homebuyers were already calling the shots in deals before the coronavirus hit. Now they’re more in control than ever. Some who signed contracts before the city shut down are demanding... To view the full story, click the title link......»»

Mayor Bill de Blasio rejected a Rent Guidelines Board report calling for hikes, describing it as "misleading" and renewing his push to for the city's 1 million stabilized apartments. The mayor said... To view the full story, click the title link......»»

Gap Inc. stock fell 3% in Thursday premarket tra.....»»

Barry Dorfman has nearly four decades in commercial real estate under his belt......»»

SKW Funding has closed on $30 million in financing to support the acquisition of an existing loan and related bankruptcy court approved “debtor in possession” (DIP) loan for a building located on Manhattan’s Upper East Side. The financi.....»»

Tension is rising in the messy fight over commercial rent payments. With stores shuttered across the U.S., struggling retailers are skipping rent and asking for concessions, while landlords are... To view the full story, click the title link......»»

Tension is rising in the messy fight over commercial rent payments......»»

The fallout from COVID-19 could change how clauses are determined in commercial leases moving forward......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The coronavirus pandemic is hitting U.K. commercial property hard, as retailers close for an indefinite period and shoppers remain locked down at home......»»

Troubled hospital group NMC Health said on Monday it is in talks with Abu Dhabi Commercial Bank , seeking to convince it to withdraw an application that the lender had filed proposing that NMC be placed under administration......»»

Tayfun Coskun/Anadolu Agency/Getty Images Mayor Bill De Blasio has endorsed a rental relief plan that would provide immediate aid to those struggling to pay their April rent. The plan, which still needs to be approved by .....»»

The Trump administration is tightening rules to prevent China from obtaining advanced U.S. technology for commercial purposes and then diverting it to military use, several sources told Reuters......»»

Two Phoenix attorneys advise commercial tenants and landlords to look at one another as partners when trying to make a plan......»»

"If lenders can provide some relief, hopefully you'll see it trickle down to tenants," says MacKenzie's Brendan Gill......»»

Elk Grove has joined a number of local jurisdictions making a policy change in the face of COVID-19, adopting an eviction moratorium Wednesday evening for both commercial and residential renters who can't make rent because of shutdown orders connected .....»»