Vast Majority of NYC Restaurants, Bars Did Not Pay Rent in August

A survey found that 87% could not pay full rent for the month, and 34% were unable to pay any rent at all.

       

source https://feeds.feedblitz.com/~/635803422/0/globest/new-york~Vast-Majority-of-NYC-Restaurants-Bars-Did-Not-Pay-Rent-in-August/

Lenders Appetite for Commercial Property Debt Dwindles

While there is ample cash equity seeking deals, lenders are concerned about the viability of the commercial property market.

       

source https://feeds.feedblitz.com/~/635800420/0/globest/new-york~Lenders-Appetite-for-Commercial-Property-Debt-Dwindles/

Long Island City Development Site Sells for $40M

The purchaser plans to construct a 270,000-square-foot commercial facility at the site in Long Island City.

       

source https://feeds.feedblitz.com/~/635700338/0/globest/new-york~Long-Island-City-Development-Site-Sells-for-M/

Mack-Cali Realty Corp. Sells $160M NJ Portfolio

The transaction, disposing of 10 buildings, coincides with the REIT’s strategic plan to dispose of suburban office assets.

       

source https://feeds.feedblitz.com/~/635673133/0/globest/new-york~MackCali-Realty-Corp-Sells-M-NJ-Portfolio/

Life Science Lease to Double NYC’s COVID-19 Testing Capabilities

Biotechnology company, Opentrons has secured a 30,000-square-foot sublease in Manhattan for a new pandemic response lab.

       

source https://feeds.feedblitz.com/~/635663064/0/globest/new-york~Life-Science-Lease-to-Double-NYC%e2%80%99s-COVID-Testing-Capabilities/

Zeta Charter Schools Acquires 95,000 SF in the Bronx

Transwestern Real Estate Services represented the organization in securing its third Bronx location.

       

source https://feeds.feedblitz.com/~/635621707/0/globest/new-york~Zeta-Charter-Schools-Acquires-SF-in-the-Bronx/

Alpine Income Property Trust Acquires Net Lease Portfolio

The REIT has purchased nine net-leased retail properties in New York, Ohio and Maryland for a price of $14 million.

       

source https://feeds.feedblitz.com/~/635597127/0/globest/new-york~Alpine-Income-Property-Trust-Acquires-Net-Lease-Portfolio/

WeWork Designates Flagship at Brooklyn Navy Yard

The company’s first ground-up construction project, Dock 72, will be occupied by its members and its employees, as a New York City headquarters location.

       

source https://feeds.feedblitz.com/~/635587593/0/globest/new-york~WeWork-Designates-Flagship-at-Brooklyn-Navy-Yard/