The Real Deal - New York Real Estate News

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions

Posted: 04 Jul 2020 09:00 AM PDT

San Francisco’s landlords are not happy about the city’s recent ban on coronavirus-related evictions. Four real estate trade groups sued the city this week over the ordinance, according to the San Francisco Chronicle. Mayor London Breed signed it on Friday. The ordinance permanently bars landlords from evicting tenants for nonpayment of rent related to the pandemic. The lawsuit was filed by the San Francisco Apartment Association, the San Francisco Association of Realtors, the Coalition for

Retail-to-residential conversions are in cards at America’s doomed malls

Posted: 04 Jul 2020 06:00 AM PDT

Mall vacancies are surging, so what to do with all that empty space? Apartment and condominium conversions could proliferate. Some developers were converting properties before the coronavirus pandemic hit, but the pandemic has made the concept more attractive, according to Bloomberg. Randy White, CEO of consulting firm White Hutchinson Leisure & Learning Group, said that “a lot of these malls thought restaurants and entertainment would be their savior, the new anchors.” “Those hopes are dashed,”