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Related Cos. CEO Calls For Workers To Come Back To New York City

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Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. The city will recover, but we're going to have to work at it. And part of working at it is coming back to New York City.".

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New York City Council Bans Cashless Food And Retail Stores

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The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. 23) passed a ban on cashless food and retail stores.

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New York City Restaurants Could Reopen In July

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Dining out in New York City could soon be a reality again. More than two months after New York City was locked down to prevent the spread of COVID-19, Mayor Bill de Blasio said his goal is to reopen eateries in July, Bloomberg reported.

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New York City Sees Surge In Street Vendors

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Fast forward 90 years and New York City is suddenly seeing a big jump in the number of street vendors as the jobless try to find new ways to make ends meet, The Wall Street Journal (WSJ) reported.

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Amazon Rethinks New York City HQ2 Campus

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After facing resistance from politicians and protestors, Amazon is reportedly rethinking its planned New York City campus. The eCommerce retailer, which had intended to bring 25,000 jobs to the city, hasn’t acquired office space for the effort as of now, The Washington Post reported.

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New York City Mulls Fur Sales Ban

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Following the lead of other municipalities, New York City could be going fur-free with a proposed law on the horizon. Council Speaker Corey Johnson recently introduced a bill to ban companies from selling fur apparel in the city, which comes after similar efforts in cities such as West Hollywood, Calif.,

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New York City Sees Lower Rents Due To Pandemic

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The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. That has sent rents falling steeply with no signs of turning around soon.