New York City May Turn Vacant Retail Space Into COVID Testing Sites, Says Real Estate Mogul

New York City may turn empty retail space into coronavirus testing sites, according to William Rudin, who runs his family’s multibillion-dollar real estate empire. In an interview Wednesday on CNBC’s “Squawk Box,” the CEO of Rudin Management said that kind of increased transparency could make people feel more comfortable going out and help accelerate the city’s economy. Rudin said the Real Estate Board of New York is working on the program with the office of Democratic Gov. Andrew Cuomo. The retail real estate market in New York, like in many parts of the U.S., has suffered from the effects of the coronavirus pandemic as public health restrictions meant to slow the spread of COVID-19 upended the economy. Business closures have piled up as operators struggled to make rent. Read more at CNBC.