Simon Property Sues Gap Over Rent Stoppage During Pandemic
Indianapolis-based Simon Property Group has sued The Gap Inc. and associated entities for breach of contract and willfully withholding rent during the coronavirus pandemic.
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Category: Real Estate
Rockland County real estate, development
Palisades Center Seeks Tax Reduction: Councilman Says Now Is The Time For Referendum
The troubled Palisades Center, which has been dark through the coronavirus lockdown and has not paid its mortgage for several months, has filed a grievance with the Town of Clarkstown to slash its tax bills by 50 percent, citing economic difficulties.
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Nanuet Rising: Businesses Get Back To Business
After a long two months small businesses that went dark and lost time are rising from the coronavirus slumber.
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Malls Could Reopen Mid-June But How Much Collateral Damage Has Lockdown, Previous Weaknesses Caused?
The Palisades Center did not make April or May mortgage payments and an insider familiar with The Pyramid Group says a June payment is “not likely,” because stores are not on track to open until mid-month.
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Village Of South Nyack Rejects Nyack College’s Application For Amendment To Special Permit
The Village of South Nyack’s board of trustees voted on Tuesday to reject Nyack College’s application for an amendment to the college’s current special permit for its use of campus buildings for educational purposes and residential dormitories.
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Nyack College Campus Wants Special Permit For Buyer; Seeking Change For One Third Of Campus Bulk
The Village of South Nyack is holding a special meeting Thursday morning by teleconference to discuss hiring outside legal counsel for land use matters. The discussion is likely triggered by a possible sale of portions of the 107-acre Nyack College Campus, which might involve at least two buyers.
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Malls Begin Re-Opening But Will They Remain Vital?
Malls around the nation that had been closed since March to prevent the spread of COVID-19 began opening within the last two weeks, but foot traffic remained anemic, according to data from Placer.ai.
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Businesses Relying On Roller Coaster PPP Program Begin Filing Lawsuits
Unfortunately the PPP program designed to help businesses has become mired in shifting sands and a roller coaster of rules of engagement
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April’s Economic Snapshot: Retail Sales, Unemployment, Consumers’ Fears
Retail sales in the U.S. plummeted 16.4 percent in April, for the largest two month decline, according to the Commerce Department. That followed an 8.3 percent plunge in March.
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Nyack College Exec. VP Says College Has A For-Profit Buyer But Won’t Yet Say Whom
Nyack College President David Jennings told 100 people participating in a Zoom meeting Tuesday there is one prospective buyer for 22 parcels on the South Nyack college campus and he anticipates a contract with the for-profit buyer will be signed within a week.
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