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Landlords often have clues that a tenant is going to be filing for bankruptcy, rental payments are consistently late several months in a row and the tenant falls more than a month behind on the rent.
Brokerage firms are fielding multiple requests daily about how commercial rent control laws will impact their retail businesses throughout New York City if the city council enacts Intro 1796.
The firm will occupy more than 160,000 square feet of space at the new 24-story mixed-use tower to be developed by Buccini/Pollin Group at the corner of Washington Place and Bedford Avenue in the historic Lower Hill District.
Thanks to increased demand for healthcare services, the medical net lease sector will continue to offer steady cash flow and safe returns for investors.
Concurrent with the closing of the sale, Cresco has agreed to enter into a long-term, triple-net lease agreement with GreenAcreage and will continue to operate the property as a licensed medical and recreational cannabis cultivation and processing facility.