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December 18, 2020

'Two Steps Forward, One Kick In The Head': Carmine's, Virgil BBQ Owner Jeffrey Bank On Keeping A Restaurant Alive

[Digital Summit] Make Deals Happen At Bisnow's NYC 2021 Economic Forecast: A Transformative Period Under The Microscope Jan. 19

Bisnow's podcast, Make Yourself At Home, hears from members of the commercial real estate industry about how they are managing this new reality and gaining insight into their day-to-day approaches. You can subscribe on iTunes, Spotify and Amazon Music.

 'Two Steps Forward, One Kick In The Head': Carmine's, Virgil BBQ Owner Jeffrey Bank On Keeping A Restaurant Alive

On this episode, Alicart CEO Jeffrey Bank, who owns restaurants including Carmine’s and Virgil’s Real Barbecue, talks about the hospitality industry’s fight for survival. An incredibly tough year for city restaurants has become even tougher in recent weeks. Indoor dining was shut down in New York City on Monday —…

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December NYC Apartment Rent Collections Drop To 79%

December NYC Apartment Rent Collections Drop To 79%  

More than a fifth of New York City renters haven’t paid December rent, a new survey shows. Almost 21% of renters didn’t pay rent before Dec. 14, according to a Community Housing Improvement Program survey of landlords who own more than 80,000 units combined, up from…

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'It Destroys The Revenue Model': The Rise Of Remote Work Has Crushed Parking Operators

'It Destroys The Revenue Model': The Rise Of Remote Work Has Crushed Parking Operators  

The empty swaths of parking decks and garages during the coronavirus pandemic in commercial properties are more than just evidence that working from home has killed traffic into office buildings, hotels and retail properties.

Those empty garages have huge financial implications on the commercial parking industry. Their operators are facing a financial crisis, laying off thousands of workers, and building owners stuck with unused garages are losing millions and wondering if they should repurpose the space.

“I would think [the impact on revenues] is almost as much as the airports and hotels,” International Parking & Mobility Institute Vice President Rachel Yoka said. "No one is traveling. No one is really commuting." Commercial parking companies have seen revenues drop 70% to 90% since the start of the…

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Gyms Feeling The Crunch Of Latest Pandemic Shutdown

 

A new round of gym closures is putting landlords and tenants in a financial bind as officials in Boston and surrounding suburbs attempt to curb the coronavirus’s spread.

Yoga studios, cycling studios and other boutique fitness clubs are among the indoor facilities barred for three weeks as cases of the virus, hospitalizations and deaths in Massachusetts continue to rise following a post-Thanksgiving outbreak.

Read the full story here. 

 
 
       
 
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