New York Governor Andrew Cuomo signed a measure that extended the state’s moratorium on commercial evictions through to January 31, 2021. The governor has also publicly proposed extending the eviction moratorium until May 1, similar to an extension that was recently passed for residential evictions. The commercial eviction moratorium is seen by many as a stop-gap measure that fails to address the larger economic concerns felt by many small businesses throughout New York State. Continue reading “Cuomo Proposes Commercial Eviction Moratorium Extension”
WeWork, the largest commercial real estate tenant in New York City, has been evicted from its offices in Midtown South after allegedly violating the terms of its lease. The eviction is the latest in a series of troubling stories surrounding the company, which received a major shakeup after it began a corporate restructuring this past summer. This, combined with major financial troubles and the recent exit of its CEO, has left the well-being of WeWork in question.
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