Pandemic Puts N.Y.C. Hotels on the Brink: ‘A Complete Washout’

Sep 28, 2020 No Comments by

Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed to be temporary, but six months later, with no potential influx of visitors in sight, a wave of permanent closures has begun. CLICK ON THE HEADLINE FOR MORE

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Prediction: Demand For Hotels, Retail Will Not Return To Pre-Covid Levels ‘For Awhile’

Aug 24, 2020 No Comments by

Compared to World War III, as well as a Category 5 hurricane, the pandemic has been pummeling the economy since March. And the prediction for the future? It’s not going to look like 2019. Not for a while. CLICK ON THE HEADLINE FOR MORE

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Multifamily Executives Worry That Strong Rent Performance Won’t Last

Apr 27, 2020 No Comments

Down only 5 percent compared to the same period a year ago, the National Multifamily Housing Council’s latest weekly survey showed that 89 percent of renters made payments through the 19th of the month. But industry leaders know it is too soon to breathe easy. CLICK ON THE HEADLINE FOR MORE

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Apartment Demand Hits Five-Year High

Jul 22, 2019 No Comments

Spurred by new household formation and lagging home sales, the number of new apartment move-ins in the second quarter of 2019 increased 11% over the same period last year according to a national report. CLICK ON THE HEADLINE FOR MORE

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