Palisades Center Mall Default Imminent
Its massive debt of $388.5 million has been transferred to a special CMBS servicing unit because of “imminent monetary default.”
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Grim Outlook For NY’s Upstate Businesses In Short Term; Most Expect To Survive
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.
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Retail Sales Plunge 8.7% In One Month; April Outlook Bleak
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
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Two Rockland Businesses Receive EIDL Relief But Is It Enough?
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.
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Show Me The Money: Small Businesses Want Government Help Now
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.
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Your Business Insurance Policies May Not Be Fixed In Stone
Businesses should not presume that insurance policies are written in stone. To begin, dust off your policies and call your agent or broker.
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Cuomo Says System For Filing Unemployment Benefits Claims Is Being Fixed
The New York State Department of Labor says anyone who is in the process of filing an application and was told to call back to complete their claim will not have to call back. NBC 4 is reporting that those trying to claim benefits should hear from a rep within 72 hours.
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Nyack Mask Makers Ramps Up During Pandemic Crisis
The volunteer movement called Nyack Mask Makers, born a mere two weeks ago, has since produced more than 4,000 face masks for Nyack Montifiore Hospital, nursing homes, rehabilitation facilities, Nyack Ambulance Corp, the Orangetown Police, the County Sheriff’s department, and more.
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Do More Than Offer Rent Abatement To Hold Onto Tenants
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
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Successful Rockland Business Owner Reacts To Pandemic; Deals With Uncertain Future
For many like Bridges, president of Proactiv, a Blauvelt-based audio/video company that provides corporate entities setups for meetings and events, the coronavirus pandemic has caused a grievous interruption to a successful 20-year business and leaves questions about its recovery.
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