75 percent of office tenants looking for rent concession
City brokers say owners need to offer “significant concessions” to keep tenants from reneging on their office leases. “I don’t believe people will all be...
Author : Sabina Mollot
Property owners amp up online services for apartment residents
With the entire state of New York now under coronavirus lockdown, the closing of society has also oozed its way indoors, shuttering common areas in...
How coronavirus brought Manhattan home sales to a screeching halt
While residential brokers had hoped 2020 would be the beginning of things finally looking up after two years of sluggish sales, the first quarter of...
Profit sharing model could save mom and pop shops from COVID closure
A two-year-old proptech firm is looking to help retailers avoid breaking storefront leases and calling it quits by making landlords part-owners in their businesses. Guesst,...
Mortgage holders catch break as Cuomo tells banks to back off
Governor Andrew Cuomo announced a break for New Yorkers with mortgages, through April 20. Under executive order, the Superintendent of the Department of Financial Services...
Landlords brace for rent day massacre
Braced for a deluge of rent defaults some 25,000 New York City landlords are asking Mayor Bill de Blasio for payment forgiveness on property tax...
Retail owners look for middle ground as national chains declare rent strike
New York’s property owners will have to work with their retail tenants to dig the city back out of its coronavirus blight. As national tenants...
StreetEasy, REBNY stop the clock on apartment listings as brokers struggle
With the residential market slowing to a crawl as coronavirus-related restrictions impede brokers’ ability to conduct business, listings giant StreetEasy is cutting agents a break....
Cuomo allowing virtual notarizations during crisis
The real estate industry is cheering an executive order by Governor Andrew Cuomo yesterday that allows the temporary virtual notarization of documents that would normally...
Millionaires tell Cuomo to take their money
A group of New York millionaires are asking Governor Andrew Cuomo to take their money to help fill the state’s budget gap. On Monday, a...