Rockland County real estate, development
The Palisades Center could go into foreclosure by mid-summer if owner Pyramid Management Group does not find a buyer, according to an inside source at J.P. Morgan.
Continue Reading
Its massive debt of $388.5 million has been transferred to a special CMBS servicing unit because of “imminent monetary default.”
Continue Reading
Only 31 percent of CEOs expect the New York State economy to return to pre-virus levels of revenue and employment within the next six months according to an Upstate New York Business Leader COVID-19 Survey from Siena College Research Institute (SCRI), sponsored by the Business Council of New York State, Inc.
Continue Reading
The value of overall retail sales fell 8.7% from the prior month, the biggest decline in records dating back to 1992, according to Commerce Department data released Wednesday
Continue Reading
Two Rockland small businesses that have received emergency relief from the government this week were surprised and delighted but neither business owner knows whether the funding will be enough to mitigate potential long-term damage the coronavirus may have on the economy.
Continue Reading
Businesses across Rockland and beyond are nervously fretting over the authenticity of promises the government has made to bail them out at a time when the economy has virtually been shut down.
Continue Reading
Businesses should not presume that insurance policies are written in stone. To begin, dust off your policies and call your agent or broker.
Continue Reading
Smart landlords are doing more than offering rent abatement to tenants during this unprecedented time of upheaval. Instead, they are hiring small business consultants to help tenants navigate federal loan assistance programs because rent abatement may not be enough to salvage a tenancy
Continue Reading
Just over half of New Yorkers, 51 percent, are concerned with being able to meet their monthly financial obligations and 37 percent of all New Yorkers, 46 percent of those 18-34 years of age and 48 percent of those 35-49 years of age, are concerned with being laid off
Continue Reading
There are millions of leases in place on commercial property. Most have incorporated considerations for scenarios from A to Z. But not necessarily a widespread and devastating health pandemic.
Continue Reading
