Wall Street financial district, New York City. Shutterstock.

NEW YORK CITY – New York-based real estate investment management firm Marx Realty has launched Marx Connect, a mobile application it is rolling out to all of its buildings that allow tenants access to respective properties by scanning via Bluetooth. This new offering comes to prevent the touching of building hardware as landlords look for ways to curb the spread of the coronavirus to their properties, Craig Deitelzweig at Marx, tells GlobeSt.com.

"We continue to ramp up the cleaning and disinfecting of our common spaces, and we are looking at ways to decrease the customer's need to touch regularly used building materials," Deitelzweig said. "For example, we have long had a doorman at our buildings, this allows the tenants and guests to avoid touching door hardware."

As current events unfold with the coronavirus pandemic, understandably, there is a lot of uncertainty and lack of visibility in the market right now that has led to knee-jerk reactions, Deitelzweig said. "It is important to not panic and calmly navigate the next few months, which will be bumpy in the short term."'

About the $2 trillion stimulus package Congress has passed, Marx is hopeful that the unprecedented stimulus, together with the Federal government's liquidity infusion, will result in a strong fourth-quarter gross domestic product, which will serve as a harbinger of a solid recovery in 2021, Deitelzweig said.


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Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.