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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...

The Necessary Spotlight on Your HVAC System

It is crucial to know what to focus on revolving around cleaning. HVAC systems are important. One of the biggest complaints for tenants is bad air conditioning. Air conditioning can be critical to slow down the spread of viruses. Are your systems being filtered in...

Is the Landlord or Tenant Responsible for Covid19 Cleaning Costs?

What is your landlord doing to satisfy the demand for more cleaning? Using more sanitizer and upgrading your air conditioner is likely necessary. These costs may be passed onto the tenant depending on your commercial lease. Typically larger tenants will take on the...

Tenants Now Have the Upper Hand

The NYC market has seen a peak in activity this past month but that certainly is not an indicator just yet for what is to come. 71 % of this activity came as a result of renewals, including short term extensions.  This is diametrically opposed to last year, where 71%...