News: Brokerage

Coleman and Sullivan of Houlihan-Parnes/Metro Properties broker six leases at Stoneridge Plaza

James Coleman and Brian Sullivan of Houlihan-Parnes Realtors and Metro Property Group, LLC represented the landlord of the Stoneridge Plaza Shopping Center at 731 Rte. 211 East in six leases (two new leases and four lease renewals) at the property. The s/f of each lease was not disclosed. Stone Ridge Plaza is a free-standing center with on-site parking. The center serves the Township of Wallkill. The United States Postal Service, Scotchtown Branch, is also a current tenant. New leases: * Quarter to Nine Wireless, LLC signed a new three-year lease. * CMF Food Corp. D/B/A The Greek Café signed a new 10-year lease. Lease renewals: * Catskill Cleaners, Inc. signed a 10-year lease renewal. The operator has several other stores in the area. * China Star Restaurant signed a 10-year lease renewal. * Citi-Financial Inc./One Main Financial signed a five-year lease renewal. * Catskill Savings Bank signed a three-year lease renewal. Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains,. Founded in 1891, its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property in the continental United States. We specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and consulting. For more information, please contact James Houlihan at (914) 694-6070, ext. 324 or by e-mail at: [email protected] Metro Property Group, LLC is a multi faceted real estate management company headquartered in White Plains. Its companies and affiliates are engaged in the acquisition, ownership and management off all types of commercial real estate investment property in the continental United States. For more information, please contact JamesColeman at (914)-694-6070, ext 330 or by email at: [email protected]
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,