Stefan Leser tells Bloomberg “I don’t like that phrase, ‘you get out stronger.’” The truth, he says, is that companies will “get out of this differently.”
The city’s office vacancy rate reached 16.7 percent at the end of 2020, up 11 percentage points from a year ago.
The rollout of a vaccine and the likelihood of more federal COVID-19 relief measures in the near term will help sustain the apartment sector.
Signature Bank, the New York lender that’s long catered to the Trump family, also is closing two personal accounts in which the president held about $5.3 million.