Rockland County real estate, development
The prospective buyers of Nyack College are a joint partnership between a Kaser-based “Vizhnitz” yeshiva and the market-rate condominium developer and Rockland resident Berel Karniol, according to sources with inside knowledge.
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The Nyack College campus will become an all-boys Hasidic Yeshiva if negotiated contract with an upstate entity is brought to fruition.
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Retail sales spiked 17.7 percent in May, an early sign that the economy may recover from the economic crisis brought on by the coronavirus pandemic.
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Clarkstown has until August 3rd to decide whether it will put a referendum on the Nov. 3rd ballot for voters to allow The Palisades Center to expand into its unused space.
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Zinburger Wine & Burger Bar, a franchise restaurant owned by the Briad Group in Livingston New Jersey, is planning to close its doors except its Clifton, New Jersey location.
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Landlords are still expected to meet their financial obligations. There is no relief for their mortgages, taxes, insurance, utilities, and staff.
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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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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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After a long two months small businesses that went dark and lost time are rising from the coronavirus slumber.
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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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