Active negotiations for storage developments have come to a screeching halt, and existing contracts are in threat of default due to an updated amendment in the New York State 2021 budget bill moving up the deadline for qualifiable self-storage facilities to earn tax abatements.
Zeta Charter Schools is leasing 65,000 square feet in the Bronx for its new elementary school called Zeta Bronx Tremont Park Elementary.
Multifamily has proved like any other asset class it is not immune to the effects of the coronavirus pandemic. However, it is still performing, even if it is haphazard.
Multifamily lender Arbor Realty Trust and its ecosystem of borrowers and property owners are extending a hand to tenants and families impacted by the coronavirus pandemic, partnering on the launch of a national $2 million rental assistance program.
With ever changing needs to lease agreements as the pandemic unfolds, real estate stakeholders are calling for technology that provides quick access to documents for modification.
The property is fully occupied by marketing firm ICS Corp. The industrial/warehouse and distribution facility serves as the corporate headquarters of ICS Corp.
Bolivar Development has acquired 3041 Webster Ave. in the Bronx, an 85,000-buildable-square-foot development opportunity, for $6.4 million.
Jones Lang LaSalle is marketing 121 East 37th St. in Murray Hill, Manhattan. The 9,124-square-foot residential building includes 11 apartments and has an asking price of $10.25 million. The free-market property is set for vacant delivery.
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