Archives for June 2022
Lower-end listings dominate Manhattan’s luxury deals
Penthouse at 100 11th Ave asking $23M tops the list, but most contracts last week were for homes under $5M By Sasha Jones at TheRealDeal Luxury homes kept finding buyers in Manhattan last week,...
Read Full PostIs Airbnb playing a role in NYC’s skyrocketing rents?
A new report says there are more short-term rentals available in the city than standard ones Written By: The Real Deal Looking to rent an apartment in New York City? Maybe you should...
Read Full PostCommercial leasing: Reexamining force majeure in the post-COVID landscape
By: Leah Laframboise, Clay Pulliam, and Christina Sprecher of Reuters The impact of the COVID-19 pandemic on commercial leasing was immediate and severe. Landlords and tenants were faced with challenges of a type and...
Read Full PostManhattan retail rents tick up as recovery slogs along
Nine of 17 corridors saw asking rents rise as tenants face supply chain, labor issues By Sasha Jones at The Real Deal Manhattan retail rents are on the rise but remain below pre-pandemic peaks....
Read Full PostI’m on a Monthly Lease. Can My Landlord Suddenly Evict Me and My Dog?
Renting on a month-to-month basis can leave tenants in a vulnerable position. But landlords often want to make a deal rather than evict. By Ronda Kaysen at The New York Times Q: My wife and...
Read Full PostNine Must Reads for the CRE Industry Today
Suddenly finding itself with too much space, Amazon is looking to sublease some of its excess warehouse space, reports Bloomberg. Despite rate hikes, the Mortgage Bankers Association expects CRE lending volume to hold steady...
Read Full PostHamptons Summer Landlords Rejoice Due to Rent Law Amendment
As we all know, the Housing Stability and Tenant Protection Act (HSTPA) of 2019 placed a limit on how much security deposit a landlord in NY can collect from a tenant (the equivalent of...
Read Full PostThe New York Times: ‘High-Rise Hell’ N.Y.C. Skyscraper’s Elevator Breakdowns Strand Tenants
A luxury residential building in the financial district with more than 750 apartments has been experiencing lengthy elevator outages since the fall. By Karen Zraick and Ashley Wong at The New York Times When it was completed in...
Read Full PostAdams’ Economic Blueprint Targets Central Business Districts
BY: Brian Pascus at Crain’s New York Business Mayor Eric Adams has big plans to revitalize New York’s central business districts as the city emerges from Covid-19. The mayor’s blueprint includes expanded promotional campaigns,...
Read Full PostOp-ed: How commercial property owners can prepare for an influx of electric cars
By: Daniel Colombini and Vinod Palal at Crain’s New York Business Daniel Colombini and Vinod Palal are principals at New York City-based consulting engineering firm Goldman Copeland. The use of electric vehicles in the United States is...
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