Retailers owe more than $52 billion of back rent to their landlords, according to a report on Bloomberg that cited CoStar Group data That’s sure to further impact the sector, which as been facing a number of challenges, most notably an...
Philadelphia Business Journal TJX Cos has agreed to fully lease a 300,000-square-foot distribution center that is under construction in Philadelphia DH Property Holdings, a New York real estate firm, is developing the building at 9801 Blue Grass...
Crain’s New York Business Amazoncom Inc has signed a lease for 211,000 square feet of industrial space at 12555 Flatlands Ave in Brooklyn, NY The online retail giant will use the space as a delivery station and open it during the second half...
Crain’s New York Business Industrious has fully leased the 53,000-square-foot office building at 44 West 37th St in Manhattan The deal increases the coworking company’s space in New York City to more than 410,000 sf Sioni Group owns the...
Real Estate NJ An undisclosed furniture manufacturer has signed a lease to fully occupy the 308,550-square-foot industrial building at 481 Weston Canal Road in Somerset, NJ, about 45 miles southwest of New York City Bridge Development Partners owns...
Dallas Morning News Amazoncom Inc is planning to move into a 175,400-square-foot distribution center in Dallas early next year The industrial property, on Rock Quarry Road south of Interstate 30, will serve as a package-handling center for the...
The Real Deal The New York Hospitality Alliance found that 88 percent of restaurants in New York City did not pay all their rents that came due in October That’s up slightly from 87 percent in September The organization, which surveyed more...
The small-capitalization property market got hammered during the third quarter as small businesses shut their doors, many for good, as a result of government-mandated closures stemming from the coronavirus pandemic Negative absorption for the year...
Crain’s New York Business New York Governor Andrew Cuomo has ordered that bars, restaurants and gyms in the state must close by 10 pm, starting tomorrow The restrictions come as the number of coronavirus cases continue to climb in the state...
Commercial Real Estate Direct Staff Report Macerich Co collected 80 percent of rents it was owed during the third quarter, marking a vast improvement over the 61 percent rent-collection rate of the second quarter, when most of its properties were...
