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December 15, 2020

This Week's N.Y. Deal Sheet

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With the countdown to the end of the year two weeks away, big deals slowed compared to prior weeks. 

TOP LEASES

This Week's N.Y. Deal Sheet

Sheltering Arms has signed a 34,500 SF lease at the Chehebar family’s 165-19 Jamaica Ave. in Queens, Crain’s New York Business reports. The New York nonprofit works to address inequality through aiding families and children, according to its website. The 25-year lease will allow the nonprofit to move from its current…

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Top Stories on Bisnow.com

Forget Working From Home: 2020 Is The Year That Reimagined Benefits Forget Working From Home: 2020 Is The Year That Reimagined Benefits
Starbucks Isn't Giving Up On Experiential Retail As It Plans To Open 22,000 Stores Post-Pandemic Starbucks Isn't Giving Up On Experiential Retail As It Plans To Open 22,000 Stores Post-Pandemic
CRE Auctions Get Their Moment In The Sun. Will It Last? CRE Auctions Get Their Moment In The Sun. Will It Last?
Cushman & Wakefield Hires Goldman Sachs Exec As First Chief Diversity Officer Cushman & Wakefield Hires Goldman Sachs Exec As First Chief Diversity Officer
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The Wealthy Are Leaving New York As City Undergoes Monumental Demographic Shift

The Wealthy Are Leaving New York As City Undergoes Monumental Demographic Shift

The New York metropolitan area lost 70,000 people during the coronavirus pandemic, equating to tens of billions in lost income for the city.In total, about 3.57 million people left the city from Jan. 1 through Dec. 7, Reuters reported, citing data from Unacast. Around 3.5 million people moved in…

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Simon Reinstates Full Salaries, Reimburses Back Pay For C-Suite And Board

Simon Reinstates Full Salaries, Reimburses Back Pay For C-Suite And Board

Simon Property Group has reversed one of the cost-cutting decisions it made early in the coronavirus pandemic.Simon is restoring the full salaries of Chairman and CEO David Simon, General Counsel and Secretary Steven Fivel, Chief…

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In Case You Missed It...

Deutsche Bank Could Move Half Of Its New York-Based Staff Out Of The City Deutsche Bank Could Move Half Of Its New York-Based Staff Out Of The City
New York City Construction Filings Are Down 22% From Last Year New York City Construction Filings Are Down 22% From Last Year
Inside NYC Real Estate's Plan To Fight The Pied-Á-Terre Tax Inside NYC Real Estate's Plan To Fight The Pied-Á-Terre Tax
$2B Flushing Waterfront District Approved By City Council $2B Flushing Waterfront District Approved By City Council
Kushner's Deal With Brookfield For 666 Fifth Ave. Under Congressional Investigation Kushner's Deal With Brookfield For 666 Fifth Ave. Under Congressional Investigation
 
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Apartment Rent Collections 'Came Crashing' In November For Some Landlords

 

With government support for embattled workers evaporating, apartment rent collections are worsening as the year comes to a close. 

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As Mental Health Suffers During Cold COVID Winter, Bosses Need To Step Up

For the first few months of the coronavirus pandemic, Kontor, a London- and New York-based, tech-focused office broker, found its employees pushing through the uncertainty. Co-founder James Townsend said that many staffers initially thrived during work-from-home life, increasing efficiency while dispensing with the drudgery of a daily commute. But then, winter arrived.

As the days have shortened, and virus levels have surged in both the U.S. and U.K., staff have understandably drifted, feeling more exhausted, isolated and, in some cases, burnt out. 

“Nobody’s business is set up to survive six to 12 months without any sales,” Townsend said. While Kontor has managed to pull together business and even make a small profit in 2020, it’s been challenging to navigate this year’s mental ups and downs.

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