The COVID-19 pandemic caused widespread mandatory closures of all types of commercial properties. These closures, along with reduced consumer spending, have hampered business operations and…
The post Working Together as a Team: Negotiating with Commercial Tenants During…
SL Green Realty is seeking bids for its largest loan yet as the company looks to raise a large cash buffer against the economic downturn. The real estate investment trust is offering the $110 million loan…
Marriott International’s business was already down 75 percent by March 19, when the hotel chain’s CEO Arne Sorenson posted a somber update. With his industry pummeled by the coronavirus pandemic, Sorenson spoke of the need to…
The Federal Reserve won’t push up interest rates any time soon, the central bank’s chairman said Wednesday as the U.S. economy shrank the most in over a decade. The Fed’s Federal Open Markets Committee said it…
The Four Seasons Hotel in Downtown Manhattan is the latest casualty of the coronavirus pandemic. Located at Silverstein Properties’ 30 Park Place, the luxe hotel is closed until further notice, according to its website. It plans…
Prestige, glamour and Central Park views proved no match for the microscopic coronavirus as the Plaza Hotel stopped taking guests Friday and announced 251 layoffs. “We fully support our local authorities as they work to halt…
Edward J. Minskoff Equities has purchased a property in Dumbo that was recently rezoned to accommodate a 200,000-square-foot office building, according to property records and sources familiar with the deal. The real estate firm bought 35…
Big chain retailers and restaurants are putting their landlords on notice. Both U.S. and international chains are informing their landlords that they need to reduce rent or cut payments, Bloomberg reported. Last week, Mattress Firm, which…
WeWork is trying to keep its locations staffed by offering a $100-per-day incentive. The co-working company has left many of its locations open, arguing that some of its tenants provide essential services. Now, WeWork is now…
The largest outer borough loans last month were for projects ranging from a massive mixed-use development in Clinton Hill to a new film studio from Robert De Niro and friends in Astoria. The loan for the…