Tri-State
Unibail-Rodamco-Westfield sells Long Island mall for $29.7M
A 1.2 million-square-foot mall in Massapequa, New York, is under new ownership. Retail REIT Urban Edge Properties announced that...
Retail
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National
Worst of the worst: The real estate disasters of 2020
Vacant offices. Shuttered restaurants. Empty hotels. The pressure on real estate was relentless this year as the pandemic took...
National
Minimum wage to be raised in half of US states in 2021
After a challenging year for retailers and restaurants, many will have to up their workers’ pay in 2021. Next...
Here are Brooklyn’s top retail leases of 2020
With Manhattan in dismay, Brooklyn came to play. With more people staying home in the outer boroughs this year,...
National
Rising UCC foreclosures are “the tip of the iceberg”
Churchill Real Estate’s Justin Ehrlich has seen a lot during his time as a developer and lender in New...
Lawsuits pile up against Cuomo’s indoor dining ban
Two new lawsuits have been filed against Gov. Andrew Cuomo, alleging that the ongoing ban on indoor dining in...
Here are Manhattan’s priciest retail leases of 2020
This year’s most lucrative retail leases look different from the usual Manhattan fare. Generally an apparel or beauty store...
Restaurants layoffs piling up since dining shutdown
When Gov. Andrew Cuomo shut down indoor dining again, restaurants started handing out pink slips. Again. At least five...
1 of every 7 chain stores in NYC closed this year
It’s not just small businesses and mom-and-pops that are hurting in 2020: Chain stores are also shuttering at a...
Organic supermarket coming to Boerum Hill
Downtown Organic Market has signed a lease at 561 Pacific in Boerum Hill. The high-end grocer will occupy 6,150 square feet along Fourth Avenue, at the base of Adam America Real Estate’s 62-unit condominium...