New York’s rate of positive Covid-19 tests fell to the lowest since the pandemic began last week. Yet tourism is down, crime is up and as many as a third of the city’s small businesses may never reopen.
The hedge fund wants to sublet about 30,000 sq. ft. of its 50,000-sq.-ft. offices at the NYC skyscraper.
Mapping out where investors have spent money on apartment properties so far in 2020.
The REIT plans to transfer the branding and management of the 103 hotels to Sonesta International Hotels Corp. by December.
Investors now spend more than ever for data center properties, relative to the income from the buildings.
Uncertainty looms over the U.S. economy and no property type is immune from the potential financial impact.