Archives for External News Source

Brooklyn nursing home tops mid-market investment sales

August 12, 2022 | Commercial Real Estate

By Pat Ralph at The Real Deal With rents rising and a slowdown in new apartment construction on the horizon, mid-market investors continue to target multifamily assets in New York City. Eight transactions involving commercial properties...

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McDonald’s Returns to Times Square With a $40 Million, 20-Year Lease

August 11, 2022 | Commercial Real Estate

By Max Gross at Commercial Observer  Broadway loves a big revival, and McDonald’s loves Broadway. The golden arches signed a 20-year, $40 million lease with Jeff Sutton’s Wharton Properties at 661 Eighth Avenue right across the street from the Port Authority Bus...

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Brooklyn Industrial Real Estate Market Stays Strong: 2nd Quarter Report

August 9, 2022 | Real Estate

By Raanan Gerberer at Brooklyn Daily Eagle  The city’s outer-borough industrial real estate market, including Brooklyn, continued to show healthy improvement during the second quarter of 2022, according to a new report by Colliers...

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Judge voids Albany’s good cause eviction law; tenants abandon city-by-city push

July 8, 2022 | Landlord-Tenant

Housing Justice for All will concentrate on passing a statewide measure By Suzannah Cavanaugh | Research By Kathryn Brenzel  at The RealDeal Less than a year after Albany made history as the first New York municipality to pass good cause...

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Lower-end listings dominate Manhattan’s luxury deals

June 13, 2022 | Real Estate

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,...

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Is Airbnb playing a role in NYC’s skyrocketing rents?

June 13, 2022 | Commercial Real Estate

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...

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Commercial leasing: Reexamining force majeure in the post-COVID landscape

June 7, 2022 | Commercial Real Estate

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...

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Manhattan retail rents tick up as recovery slogs along

June 6, 2022 | Commercial Real Estate

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....

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I’m on a Monthly Lease. Can My Landlord Suddenly Evict Me and My Dog?

June 6, 2022 | Landlord-Tenant

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...

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Nine Must Reads for the CRE Industry Today 

May 25, 2022 | Commercial Real Estate

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...

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Chaves Perlowitz Luftig LLP