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March 10, 2020

This Week's N.Y. Deal Sheet

The Hudson Cos., Naftali Group and Simon Baron Development on Bisnow's Stage March 26

The coronavirus may be roiling the markets and causing some schools and office buildings to close, but the deals didn't stop in New York City.

TOP LEASES

This Week's N.Y. Deal Sheet

Kenneth Cole is leasing a floor at the building it sold to SL Green earlier this year. The retailer is taking 37K SF in a 10-year deal at 707 11th Ave., according to a release from the landlord. The space is for both offices and a showroom, Commercial Observer…

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Top Stories on Bisnow.com

House Passes YIMBY Act, Aimed At Spurring Affordable Housing Development House Passes YIMBY Act, Aimed At Spurring Affordable Housing Development
Coronavirus Poses Special Risks For Nursing Homes Coronavirus Poses Special Risks For Nursing Homes
Beyond The Bio: 16 Questions With  FirstService Residential New York President Dan Wurtzel Beyond The Bio: 16 Questions With FirstService Residential New York President Dan Wurtzel
WeWork Hit With Gender, Racial Discrimination Lawsuit WeWork Hit With Gender, Racial Discrimination Lawsuit
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New York Reeling As Coronavirus Continues To Spread

New York Reeling As Coronavirus Continues To Spread

The number of cases of the coronavirus jumped sharply on Tuesday as government officials set up a containment zone north of New York City and companies told workers to stay home.There are at least 173 cases of COVID-19, the disease caused by the novel coronavirus in New York state, with…

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Bisnow Survey: CRE Fears Coronavirus Will Cause A Recession, Worries About Impact On Construction

The commercial real estate sector is increasingly worried the coronavirus will spark a recession, and some businesses are already being hit by the economic impact of the virus’ spread.

Bisnow surveyed 864 commercial real estate professionals to find out how the industry is responding to the coronavirus, which causes the disease COVID-19.

The majority of survey respondents, or 70%, said they were concerned that the coronavirus could affect the global markets and lead to a recession.

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In Case You Missed It...

Rental Broker Fees Are Still Alive Until At Least The Summer Rental Broker Fees Are Still Alive Until At Least The Summer
 Savills Closes, Reopens NYC Office After Coronavirus Scare Savills Closes, Reopens NYC Office After Coronavirus Scare
New Bill Takes Aim At Landlords Who Keep Stabilized Units Vacant New Bill Takes Aim At Landlords Who Keep Stabilized Units Vacant
NYC Closes Loophole That Allowed Developers To Build Supertalls On Cobbled-Together Partial Lots NYC Closes Loophole That Allowed Developers To Build Supertalls On Cobbled-Together Partial Lots
 
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Shipping Giants Are Furiously Building Warehouses Around A Handful Of Inland Logistics Hubs

 

As major U.S. companies seek to capitalize on international freight connectivity and industrial growth, many are zeroing in on Middle America over coastal gateway markets. 

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Beyond The Bio: 16 Questions With Core Spaces Founder Marc Lifshin

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.

Marc Lifshin is the founder and CEO of Core Spaces, a developer and owner of off-campus, mixed-use student housing.

He received a bachelor of science degree in general engineering from the University of Illinois, and worked for Vail Resorts and IKON before starting his own real estate development company, LG Development Group, in 2002. The evolution of that company, including segmentation into student housing, hospitality and multifamily, led to the formation of Core Spaces.

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