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Politics
Republicans unveil stimulus package
March 20, 2020Senate Majority Leader Mitch McConnell introduced a trillion dollar stimulus package, proposing cash payments to many Americans and...
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Politics
Cuomo further restricts business occupancy
March 19, 2020Governor Andrew Cuomo on Thursday further restricted the number of employees of most businesses who can report to...
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Roundup
Real Estate Roundup 3.18.20
March 18, 2020Real Estate Roundup: Coronavirus coverage The U.S. hotel industry asked the Trump administration for a $150...
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Politics
Fed takes drastic measures
March 18, 2020The Federal Reserve said it would start making loans to American corporations, relaunching a crisis-era tool to help...
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Politics
Steven Mnuchin warns of massive unemployment
March 18, 2020Treasury Secretary Steven Mnuchin warned lawmakers that U.S. unemployment could rise to 20% without government intervention because of the impact...
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Acquisitions
Aby Rosen buys 522 Fifth Avenue
March 18, 2020Aby Rosen’s RFR Realty has entered into contract to acquire the office portion of 522 Fifth Avenue from Morgan...
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PropTech
SoftBank balks at part of WeWork bailout
March 18, 2020Even the dumb money isn’t that dumb… SoftBank is backing away from part of its planned...
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Roundup
Coronavirus closures
March 16, 2020Amid the pandemic, New York officials have suspended eviction proceedings indefinitely. In a memo, New York’s Chief Administrative...
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Politics
Apple temporarily closes stores
March 16, 2020Apple will be closing hundreds of its retail stores outside of Greater China until March 27 and...
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PropTech
WeWork’s future is bleak
April 2, 2020SoftBank Group has officially pulled out of its deal to buy $3 billion worth of shares...
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Roundup
Real Estate Roundup 4.3.20
April 3, 2020Real Estate Roundup: Gourmet grocer Dean & Deluca has filed for bankruptcy with plans to reopen...
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Financing
Bleak economic outlook
April 3, 2020A record 6.6 million Americans applied for unemployment benefits last week as the new coronavirus struck the U.S....
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Politics
State says virtual tours only
April 3, 2020New York State has clarified its position on residential and commercial showings, saying that while they have...
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Politics
Court of Appeals rules on J-51
April 3, 2020The New York Court of Appeals has ruled in landlords’ favor that the Housing Stability and Tenant Protection...
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PropTech
The Wing slashes staff
April 6, 2020The Wing has cut about half of its 150 full-time staff members and nearly all of...
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