News: Brokerage

Delisle of Island Associates negotiates 29,000 s/f lease

Central Islip, NY Roger Delisle of Island Associates successfully negotiated a new 25-year lease term with C Town Supermarket to continue to occupy 29,000 s/f at Islip Plaza at the northwest corner of Wheeler Rd. and Suffolk Ave. C Town Supermarket has been operating at the shopping center for over 20 years and its new 25 year term shows its dedication to the shopping center and the Central Islip community. C Town is a chain of independently owned and operated supermarkets operating in the northeast with over 200 locations. Islip Plaza is located at 32 Wheeler Rd., and is an 82,000 s/f shopping plaza that has been a community staple for over 40 years. C Town will remain a long term tenant at Islip Plaza along with Advance Auto, Rainbow Shops, Rent A Center, Checkers and others.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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,

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