Douglas Elliman Highlights Manhattan’s Fast Quarter Start, Coronavirus Slowdown

Investment sales for co-ops and condos in Manhattan took off in the first quarter of the year, with sales jumping year-over-year after two straight quarterly declines. Now, the springboard that was the strong economic market supporting investment activity has faltered because of the coronavirus pandemic, also known as COVID-19.

       

source https://feeds.feedblitz.com/~/620695060/0/globest/new-york~Douglas-Elliman-Highlights-Manhattan%e2%80%99s-Fast-Quarter-Start-Coronavirus-Slowdown/

PREIT to Cut Dividend, Capital Projects and Takes Other Measures to Improve Liquidity in Response to Coronavirus

The Philadelphia-based retail REIT estimates the measures will create nearly $300 million in incremental liquidity.

       

source https://feeds.feedblitz.com/~/620645532/0/globest/new-york~PREIT-to-Cut-Dividend-Capital-Projects-and-Takes-Other-Measures-to-Improve-Liquidity-in-Response-to-Coronavirus/

PTC Therapeutics Signs Major Lease Deal at the NJ Center of Excellence

PTC Therapeutics will establish its national corporate headquarters at the property. The firm is currently based at 100 Corporate Court in South Plainfield, NJ.

       

source https://feeds.feedblitz.com/~/620642782/0/globest/new-york~PTC-Therapeutics-Signs-Major-Lease-Deal-at-the-NJ-Center-of-Excellence/

Here We Go Again: Mack-Cali, Bow Street Spar Over Board Nominations

Katz and Shainker also denied Mack-Cali’s earlier statement that Bow Street was seeking a “fire sale” of the company after it called for the removal of Mack-Cali CEO Michael DeMarco in a letter to shareholders last month.

       

source https://feeds.feedblitz.com/~/620640908/0/globest/new-york~Here-We-Go-Again-MackCali-Bow-Street-Spar-Over-Board-Nominations/

B6 Real Estate's Paul Massey: Hold Off On Major Decision Making

Paul Massey, CEO of real estate advisory firm B6 Real Estate Advisors, is advising clients to wait 60 days on making all major decisions as it pertains to their portfolios.

       

source https://feeds.feedblitz.com/~/620637306/0/globest/new-york~B-Real-Estates-Paul-Massey-Hold-Off-On-Major-Decision-Making/

Loans Become Harder to Get As Bank Underwriting Tightens

Prospective borrowers are scrambling to navigate the uncertainty around banking and credit in the current economic environment amid the coronavirus pandemic as lenders bear down on their underwriting.

       

source https://feeds.feedblitz.com/~/620636160/0/globest/new-york~Loans-Become-Harder-to-Get-As-Bank-Underwriting-Tightens/

Janus Property Co. Secures 10-Year Lease For Manhattanville Factory District

Janus Property Company, a real estate development and management company based in New York City, has secured a 10-year lease for its West Harlem Manhattanville Factory District property dubbed the Malt House, a 200,000-square-foot former brewery redeveloped to include an office building.

       

source https://feeds.feedblitz.com/~/620635742/0/globest/new-york~Janus-Property-Co-Secures-Year-Lease-For-Manhattanville-Factory-District/

Historic Upper East Side Townhouse Finds A Homeowner

An 1888-built townhouse on the Upper Eastside of Manhattan at 16 East 82nd St. has traded for $12.25 million. The 9,468-square-foot historic townhouse retains almost all of its original features since Edward Kilpatrick designed it centuries ago, including its elaborate façade.

       

source https://feeds.feedblitz.com/~/620635744/0/globest/new-york~Historic-Upper-East-Side-Townhouse-Finds-A-Homeowner/