A host of other publicly-traded real estate companies, including Simon Property Group, Vornado Realty Trust, CBRE Group and Cushman & Wakefield, have made similar reductions in compensation.
The 10-story, Class A office building was traded by Jersey City-based Mack-Cali Realty Corp. to an undisclosed private investor.
“Despite the trying times we’re living in now, the successful completion of this deal is proof of Manhattan’s office sector resilience, says Ted Koltis.
Her role, dedicated completely to advancement within the real estate group, will harness data and technology in new ways.
David Linn with the White Plains-based The Galinn Fund LLC has sold the parcels at 251 Douglass St. to New York City-based Tavros Capital Partners and the Charney Companies of Long Island City.
Township Capital, Triangle Equities Development and L&B Realty Advisors LLP are planning to build an enormous warehouse near John F. Kennedy Airport.
“We expect Q2 to be the real barometer of the pandemic’s impact on the market,” says Halstead’s Stephen Kliegerman.
The majority of survey participants anticipate that the economy will need at least 12 months to 24 months to fully recover from the pandemic while 30% of participants project a two-year to five-year recovery timeline.
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