Additionally, the order mandates that all businesses or non-profits, wherever practicable, must accommodate their workforce for telework or work-from-home arrangements.
The coronavirus has accelerated the economy into a downhill descent and stakeholders across every real estate asset class are reviewing contractual obligations to assess risk and introduce clauses to limit exposure, citing force majeure, unforeseeable circumstances or events.
NEW YORK CITY- RXR Realty, a New York-headquartered real estate investment firm, has made a $1 million contribution to support organizations and New…
Real estate owners are retrofitting their properties for performance purposes to sustain them amid intense operational schedules, such as demonstrated with the current coronavirus pandemic, Michael Moran, chief sustainability and risk officer at technology firm Microshare, tells GlobeSt.com.
Real estate board of New York President Jim Whelan and New York State Governor Andrew Cuomo have signed an Executive Order allowing notaries to act as a signatory, although they are are not in the physical location of a paper-work signing.
Despite the Federal Reserve slashing interest rates to near zero, similar to actions taken during the 2008 Financial Crisis, bankers have pressed the brakes on originating new loans as the economic environment becomes more uncertain amid the coronavirus.
An approximate 74,500-square-foot development in Long Island City, Queens at 24-02 Queens Plaza South has come to market. The commercial property stands 3-stories tall. Newmark Knight Frank is marketing the property, pricing is expected to hover in the 50 million to 55 million range.
Landlords are putting out calls in influx to legal counsel in the wake of new laws Congress has passed to alleviate financial pressures the coronavirus, also known as COVID-19, has caused with social isolation measures in effect.
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