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Big Tech Pioneers Office Space Acquisition in New York

Big Tech Pioneers Office Space Acquisition in New York

Big tech has not allowed the pandemic to impact their office space acquisitions in New York.  Apple, Amazon, Google, and Facebook are all showing massive signs of faith in the restoration of New York as they all have recently acquired enough space to hold more than...
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...
Not All Landlords Are Created Equally

Not All Landlords Are Created Equally

Not all landlords are created equally. It is important to understand your landlords financial strength. Tenant construction and improvements are necessary for some lease transactions, in addition to capital improvements (such as keyless entries) and increased...
The Post Covid Leasing Market

The Post Covid Leasing Market

The last 10 years have been a landlord’s market. This is all changing as collections are increasing and landlords are seeing negative cash flows. As of April, the general consensus was 70% of tenants were paying rent. May and June saw even lower rates of...
Regus Files for Bankrupcy on New York Locations

Regus Files for Bankrupcy on New York Locations

Regus has filed for Chapter 11 on over 100 locations across the US, with 6 located in New York. These shared office spaces were based in Manhattan, Brooklyn, and Long Island City. This is in line with parent company, IWGs plan to trim 4 % of its global portfolio as a...