11 Must Reads for the CRE Industry Today (May 4, 2021) Manhattan store owners are suffering from the still limited presence of office workers, reports The New York Times. Moody’s predicts that urban multifamily properties will rebound this year. These are among today’s must reads from around the commercial real estate industry.
‘We’re Suffering’: How Remote Work Is Killing Manhattan’s Storefronts “A big shift toward working from home is endangering hundreds of locally owned Manhattan storefronts that have been hanging on, waiting for life to return to the desolate streets of Midtown and the Financial District. The fate of these stores, and by extension the country’s two largest business hubs, will hinge in large part on how long landlords will keep offering the rent breaks that have kept many retailers afloat.” (
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Scott Stringer’s mayoral campaign
hemorrhaged support this weekend, with one endorser after another abandoning his campaign over sexual misconduct allegations.
The Working Families Party, one of Stringer’s biggest gets to date, pulled out Friday evening, with its director saying it could no longer support a candidate who “failed to acknowledge and consider his responsibility” after a former volunteer accused him of groping her. Then a group of progressive lawmakers whose support was crucial to Stringer’s campaign state Sens. Alessandra Biaggi, Gustavo Rivera and Julia Salazar, Assemblyme
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New Delhi: The Covid-19 pandemic continues to wreak havoc in the world, the latest count being more than 15,34,98,053 cases and 32,16,383 deaths.
We highlight some of the important stories from around the world. Nine Customs workers were fired on 2 May for refusing to get a jab of the Covid-19 vaccine in New Zealand. The number of people in South Africa saving their money has increased even in the middle of low interest rates, trend analysts have revealed.
Israel records fewest Covid cases in a year
Israel’s health ministry revealed Sunday that the country reported 13 new coronavirus cases Saturday. Israel hasn’t registered this low a number of cases since last May, reports