Northeast

Cities that are expensive for renters also are expensive for homeowners. These high-cost cities can be lucrative for insurance agents.

As we look at the Coronavirus spreading with no immediate end in sight, the question is not whether it will adversely impact businesses; the question is how many companies will be affected and to what extent, Ailon Velger, chief product officer at property technology company Okapi, tells GlobeSt.com.

In the Woodstock neighborhood of the Bronx, a 22,230-square-foot, six-story, 28-unit mixed-use apartment building at 800 East 160th St. has come to market. Cushman & Wakefield is marketing the building, which operates under a J-51 tax abatement with 11 years remaining.

Non-essential city government operations are halted, and all city government buildings will be closed to the public, effective today.

The program does a lot of good things, but a tweak or two could make it better.

"During these uncertain times that impact all of us in personal ways, our ability to support each other, our people and our communities will ensure we emerge from this crisis stronger than before," says Joe Erlinger, president of McDonald's USA.

No financial terms of the transaction were disclosed. The four-story properties are currently 67% leased to a variety of tenants including Zurich Insurance, York Risk Services, Ipsos, ICAP and Wallenius Wilhelmsen.

Mack-Cali went further stating that Bow Street's letter included "outright lies, about the company, its Board of Directors and management team in an attempt to conceal the true objective of its proxy contest—Bow Street's desire to acquire control of the Mack-Cali Board in order to force a sale of the company at any price."