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The Conversion of Retail Locations to Warehouses

The Conversion of Retail Locations to Warehouses

The boom in e-commerce has developers focused on converting large shopping mall anchors (think Neiman Marcus, JC Penny, etc) to warehouses. The proximity to highways and parking beautify the transition. Below are some key factors to assess whether your property would...
Covid-19 Public School Enrollment Drop

Covid-19 Public School Enrollment Drop

Enrollment in public schools is dropping across the US as the pandemic continues. This is likely to affect funding as it is determined on a per-pupil basis. Towns and municipalities have reduced tax revenues due to the virus which reduces school budgets. Schools are...
Finance Industry Calls Employees Back to the Office

Finance Industry Calls Employees Back to the Office

New York’s financial industry is leading the way in bringing office workers back. Mudrick Capital, has already called back employees to the office as of Labor Day. JP Morgan Chase followed suit in calling more senior officials back this week. Citigroup and...
New York Forward Loan Fund

New York Forward Loan Fund

New York state is helping small businesses with the New York Forward Loan Fund (NYFLF). This is designed to help small businesses, non-profits and residential landlords with operating and re-opening expenses as a result of the Covid-19 pandemic. 90% of all New York...
Cindat USA Sells Equity Stake in New York Hotels

Cindat USA Sells Equity Stake in New York Hotels

Cindat USA is selling a preferred equity stake in a portfolio of 7 select service hotels it purchased back in 2016 at a highly discounted rate. The hotels include several Holiday Inns, Hampton Inns, and Candlewood Suites in New York. The hotel industry was severely...