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Laboratories gobbling up space in pandemic-battered city
News 1 month ago
Laboratories gobbling up space in pandemic-battered city

An entrepreneur works in an Alexandria LaunchLabs laboratory at the Alexandria Center For Life Science in New York. Lab space for medical research...

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H&M sued for $4M in unpaid rent at Herald Square flagship
News 1 month ago
H&M sued for $4M in unpaid rent at Herald Square flagship

After months of skipping out on rent, Swedish fashion retailer H&M has been hit with a $4 million lawsuit for unpaid rent at its Herald Square...

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The pandemic is making people reconsider city living, trading traffic for chickens
News 1 month ago
The pandemic is making people reconsider city living, trading traffic for chickens

SAN FRANCISCO - For 49 years, Jinky Demarest de Rivera has lived and thrived in dense, vibrant cities. The nonprofit finance director grew up in...

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Progressives and real estate industry unite against de Blasio housing budget cuts
News 1 month ago
Progressives and real estate industry unite against de Blasio housing budget cuts

The fight against city capital spending cuts that could delay 20,000 affordable apartments has united real estate developers and the progressive...

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Rebuilding nursing homes post-Covid-19
News 1 month ago
Rebuilding nursing homes post-Covid-19

One Thursday in May, Eric Fogle kept vigil outside the Holliswood Center for Rehabilitation and Healthcare in Queens in honor of the patients,...

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Landlords charge Cuomo's eviction moratorium unconstitutional
News 1 month ago
Landlords charge Cuomo's eviction moratorium unconstitutional

A group of Westchester landlords charges that Gov. Andrew Cuomo's executive order halting evictions during the pandemic violates their...

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State lawmakers seek to extend eviction moratorium but keep tenants on the hook for back rent
News 1 month ago
State lawmakers seek to extend eviction moratorium but keep tenants on the hook for back rent

Landlords could be barred from evicting tenants for rent that was unpaid during the pandemic under a state bill approved Wednesday by lawmakers....

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Businesses allowed to deny entry to customers without masks
News 1 month ago
Businesses allowed to deny entry to customers without masks

Business owners in New York will be able to deny entry to people not wearing masks or face coverings, Gov. Andrew Cuomo said Thursday. The promised...

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Retail tenants' suits to terminate leases add to SL Green's woes
News 1 month ago
Retail tenants' suits to terminate leases add to SL Green's woes

There's trouble brewing for the city's largest commercial landlord, SL Green Realty Corp. The REIT was sued by its L Brands retail tenants,...

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Reopen New York now to save small businesses
News 1 month ago
Reopen New York now to save small businesses

Small businesses in New York are suffering badly, but now their struggle for survival is at the hands of the government's arbitrary and foolish...

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Goldman sues contractor for $25M over faulty work on lux Midtown tower
News 1 month ago
Goldman sues contractor for $25M over faulty work on lux Midtown tower

Real estate billionaire Lloyd Goldman is suing his air-conditioning and heating contractor for a $12 million job that he claims was not well done...

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These city businesses plan to reopen Tuesday, without permission
News 1 month ago
These city businesses plan to reopen Tuesday, without permission

When Simcha Minkowitz closed her new Brooklyn jewelry shop on March 18, she wasn't expecting to lose a third of her family's income for the year....

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Saks’s owner denies claim it stripped assets in reorganization
News 1 month ago
Saks’s owner denies claim it stripped assets in reorganization

Saks Fifth Avenue owner Hudson's Bay denied allegations in a lawsuit that an internal restructuring amounted to a move to strip the company of its...

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Upper East Side landlord sues Fig & Olive founder personally for unpaid rent
News 1 month ago
Upper East Side landlord sues Fig & Olive founder personally for unpaid rent

A Manhattan landlord has sued the founder of the Fig & Olive restaurant group personally for $90,000 in unpaid rent at the chain's Upper East Side...

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Abolish the Rent Guidelines Board now
News 1 month ago
Abolish the Rent Guidelines Board now

Two weeks ago the Rent Guidelines Board, the mayoral-appointed body tasked with determining rent adjustments for the city's nearly 1 million rent...

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Why apartment rents are still rising despite massive drop in leasing
News 1 month ago
Why apartment rents are still rising despite massive drop in leasing

For The Dime, a 23-story apartment tower that launched leasing this week in Williamsburg, the pandemic forced a new game plan. Developers Charney...

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Venus gallery sues Aby Rosen to break lease and recovery $365K security deposit
News 1 month ago
Venus gallery sues Aby Rosen to break lease and recovery $365K security deposit

What's a place at the "epicenter of the art world" worth? Not as much as it used to be according to high-end art dealer/investor David Lindemann....

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Uber's World Trade Center lease on track despite widespread job cuts
News 1 month ago
Uber's World Trade Center lease on track despite widespread job cuts

Uber is moving forward with its massive World Trade Center lease, despite plans to close several U. S. offices and lay off thousands. "We still...

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JCPenney faces possible snag to a smooth restructuring
News 1 month ago
JCPenney faces possible snag to a smooth restructuring

Years of struggle landed J. C. Penney Co. in Chapter 11. Now comes the hard part. The 118-year-old retailer called its Friday filing a pre-arranged...

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10 steps government can take to jump-start the city’s economy
News 1 month ago
10 steps government can take to jump-start the city’s economy

New York's small businesses have been devastated by the lockdown to stem Covid-19. Unemployment has reached record levels, the hospitality industry...

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Manhattan sublease market could be poised for a surge
News 1 month ago
Manhattan sublease market could be poised for a surge

As questions about the future of office space plague the market in the city, some experts say subleases could be a solution for tenants. Demand for...

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Retail sales plunge in April, worse than March record
News 1 month ago
Retail sales plunge in April, worse than March record

U. S. retail sales plunged in April, shattering the prior record set just a month earlier, as the coronavirus pandemic shuttered businesses,...

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The Pandemic Helped Topple Two Retailers. So Did Private Equity.
News 1 month ago
The Pandemic Helped Topple Two Retailers. So Did Private Equity.

J. Crew and Neiman Marcus were each facing a host of issues before the coronavirus pandemic forced them to close their stores and eventually file...

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$4M partnership between major landlords and nonprofits will fund struggling tenants
News 1 month ago
$4M partnership between major landlords and nonprofits will fund struggling tenants

A $4 million fund set up by more than 40 of the city's top landlords would direct money through nonprofits to help tenants who are struggling to...

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Office tower carbon emissions down only 30% even as workers stay home
News 1 month ago
Office tower carbon emissions down only 30% even as workers stay home

The report, which used real-time occupancy data, showed that offices began clearing out as early as March 10 in compliance with Gov. Andrew Cuomo's...

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Coach, Kate Spade reopening some stores as lockdown eases
News 1 month ago
Coach, Kate Spade reopening some stores as lockdown eases

Coach and Kate Spade will reopen hundreds of their handbag and apparel boutiques as luxury brands slowly return to business after going dark for...

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Rent cuts coming as apartment leasing slides 71%
News 1 month ago
Rent cuts coming as apartment leasing slides 71%

Apartment leasing plummeted in New York City last month-and why wouldn't it? It was almost impossible to move. Most businesses were shuttered from...

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Family Feud: Jemal brothers sue each other for stealing funds
News 1 month ago
Family Feud: Jemal brothers sue each other for stealing funds

Brooklyn real estate's version of Cain and Abel continues to flare despite the pandemic. Brothers-and discontented business partners-Steven and...

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Luxury dorm financed with municipal bonds falls into bankruptcy
News 1 month ago
Luxury dorm financed with municipal bonds falls into bankruptcy

The operator of a student housing complex built for University of Florida students fell into bankruptcy, the latest municipal bond-financed project...

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City film studios betting on strong second take after restrictions lift
News 1 month ago
City film studios betting on strong second take after restrictions lift

New York's film studios are betting big on a quick rebound for the industry when production returns from its pandemic-induced hiatus. Expansion...

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