News:
Brokerage
Posted: February 27, 2024
Burdett of Flaum arranges Meldrim’s Paint Center lease of 6,000 s/f at Levin-managed River Plaza
Johnson City, NY Meldrim’s Paint Center is coming to River Plaza shopping center, in an expansion move for the century-old regional retailer. Located at 786 Main St., off the Southern Tier Expwy., the 47,000 s/f center is managed by Levin Management Corp. (LMC).
Scott Burdett of Flaum Management Company Inc., who represents LMC locally, arranged the 6,000 s/f lease on behalf of property ownership. Savannah Mallery of Warren Real Estate represented the tenant.
The River Plaza store will be the company’s third, joining locations in Cortland and Ithaca. The ownership also operates Urbanik’s Paint in Utica.
“The Meldrim’s Paint Center at River Plaza will be a fully modernized, brand-new store with a beautiful layout,” said Kaitlyn Head, director of operations. “We look forward to serving the Johnson City community with our signature customer service and variety of paints, stains, supplies and window treatments.”
River Plaza’s tenant mix also includes Ollie’s Bargain Outlet, A&A Beauty Supplies and shadow anchor Home Depot.
Tags:
Brokerage
Central NY
MORE FROM Brokerage
Retreat at 490 Wheeler Rd. in Hauppauge
Hauppauge, NY Robert Raffa and Robert Monahan of Island Associates helped to negotiate a long-term lease for Retreat, a non-profit organization located at 490
Quick Hits
Columns and Thought Leadership
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
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,
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
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
