Rockland County real estate, development
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 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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Business owners will be forced to decide do I spend money litigating to save my business or will litigating ultimately sink my company?
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There’s a potential buyer for the Nyack College Campus but it will not move forward unless the buyer is granted a special permit to allow for residential use of the existing buildings.
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J.Crew is the first company to file for bankruptcy during the COVID-19 pandemic and analysts expect the list will grow longer.
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More than half of all mall-based department stores could close by the end of 2021, according to Green Street Advisors.
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The new normal will force us to grapple with a sharply depressed market as well as abatements.
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By a 92-8 percent margin, voters support the Gov. Andrew Cuomo’s order requiring face masks or coverings in public and by 87-11 percent they support his decision to extend New York ‘On Pause’ until May 15.
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The Governor’s closure orders distinguishing between essential and non-essential businesses created a bright line rule to determine which business could operate.
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Bankruptcy is looking like a probable outcome for The Pyramid Group but Hail-Mary negotiations have been underway through the weekend to keep the mall developer from the bankruptcy court, according to a source close with knowledge of the dire situation.
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