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'Storefront Bill of Rights' Bill Reform NY Retail Real Estate


Manhattan Borough President Gale Brewer and Helen Rosenthal (Getty, iStock)
A new bill seeks to reform the lease renewal process for retailers by giving businesses the opportunity to extend their leases regardless of what their landlord says.
The City Council bill, introduced by Helen Rosenthal, a Manhattan Democrat, would mandate that for leases greater than one year, landlords notify tenants whether or not they intend to renew 120 days before it expires. If the landlord declines to renew, tenants will have the one-time option to extend the lease by up to one year with a rent increase of no more than 10 percent, as long as they have not previously breached the lease. This applies even if the landlord already has a new tenant lined up, although the current tenant may stay for only 90 days instead of the full year. ....

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Port Houston Thrived In 2020 | Hellenic Shipping News Worldwide


Port Houston Thrived In 2020
The Port Commission of the Port of Houston Authority held its first meeting of the year on Tuesday.
Port Chairman Ric Campo began the meeting by expressing his appreciation for the efforts of Houston Ship Channel partners, including federal officials and industry stakeholders and Port Authority staff, as Project 11 (the Houston Ship Channel Improvement program) achieved two significant milestones.
Earlier this month, Project 11 received a “new start” designation, and $19.5 million in federal funds were included in the U.S. Army Corps of Engineers 2021 work program to support its work to widen and deepen the channel. This followed authorization of Project 11 in the Water Resources and Development Act of 2020, as part of a larger legislative package passed by Congress in December. ....

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