In contrast to the recent Gap case involving their NYC 59th & Lex store, NYC location, a Massachusetts court ruled on February 8, 2021, for the tenant. In that case, UMNV 205-207 Newbury, LLC v. Caffé Nero Americas Inc. (2084CV01493-BLS2), the landlord issued a...
On March 8, 2021, Gap lost another of its Covid lawsuits, Gap Inc. v. Ponte Gadea N.Y. LLC (No. 20 CV 4541-LTS-KHP), where Gap claimed no rent was owed under its lease for its Gap and Banana Republic stores located at the corner of Lexington and 59th in New York City...
Prop 13 For Californians, Proposition 13 has placed a limit on assessed increases in taxes on real estate since its passage in 1978. To oversimplify, no increases in taxes of more than 2% per annum are allowed unless the real estate is sold or materially improved. ...
