646-312-6800 grace@gegrace.com

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

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...

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 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. 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...