JAD Realty Group

Guidance orders remote work, except where “legally necessary” Governor Andrew Cuomo   The state has released an official confirmation that real estate is considered an “essential business.” But ambiguity remains about what in-person contact is permissible. In a guidance issued Thursday, the Empir...

Occupancy declines further in another pummelling week Hotels across the country — including the Plaza Hotel in New York and Chateau Marmont in LA — have shuttered and laid off and furloughed staffers.  The picture for the country’s hotels continued to grow ever worse last week, as more than three...

Only transit, hospital and affordable housing will continue New York Gov. Andrew Cuomo  After facing pressure from city officials and workers, the state is shutting down all construction except work on infrastructure, healthcare facilities and affordable housing. The Empire State Development Corp...

Listings pulled by the hundreds and new ones drop 79% in brutal week About 450 sellers pulled their listings last week  Nearly 450 homes were pulled off the market, new listings plummeted and contract signings sank in New York City last week as the coronavirus pandemic worsened. Data firm Urban D...

Work at Moynihan and part of LaGuardia Airport temporarily stopped Skanska temporarily halted construction at LaGuardia Airport’s Terminal B and Moynihan Train Hall due to workers with Covid-19 Construction has been temporarily halted at two major infrastructure projects, including part of the mu...

Governor ends industry debate about whether the practice should continue    After a week of debate about whether brokers should continue showing homes, Gov. Andrew Cuomo barred the practice. The governor’s action Friday — part of a sweeping ban on activities that risk spreading the coronavirus — ...

With debt to repay and rent rolls at risk, multifamily owners look to government Landlords are scrubbing down their apartment buildings, but no amount of Clorox is going to help when the rent checks stop. In a series of interviews, owners of multifamily portfolios said they have responded to the ...

 Governor Andrew Cuomo  Amid the coronavirus pandemic, New York officials have suspended eviction proceedings indefinitely. In a memo, New York’s Chief Administrative Judge Lawrence Malks said that starting Tuesday, eviction proceedings and pending eviction orders will be suspended statewide, unt...

 The temporary restraining order issued last month will remain in place until summerNew York Attorney General Letitia James and REBNY president James Whelan  The uncertain future of broker fee payments will be prolonged until at least June. On Friday, the office of New York Attorney General Letit...

Billionaire Jack Dorsey, 42, has paid $21M for a Sea Cliff house next to one he bought in 2012 for $10M         The chief executive officer of Twitter is doubling down on an exclusive clifftop neighborhood in San Francisco.   Billionaire Jack Dorsey, who co-founded Twitter and Square, a credit ca...