News: Brokerage

Friedland Realty Advisors completes $2.2 million in sales and leases 27,300 s/f

Friedland Realty Advisors completed the following four transactions totaling 27,300 s/f of space and $2.2 million in sales: * Friedland's Andy Grossman brokered the sale of 7,300 s/f of space located at 135 S Pearl St. in Port Chester. The property was sold to Ravikoff Associates from Marshall Equities Inc. for $1.35 million. Grossman represented the buyer and seller. * A team consisting of brokers Steve Kornspun, Robin Herko and David Scotto represented the buyer and seller during the transaction of 301 S Fulton Ave. in Mount Vernon. The 10,000 s/f property, formerly owned by 301 S Fulton Corp., was sold to Sammy Properties, Inc. * In Yonkers, Friedland's Elias Everett closed two industrial leases. Everett brokered the lease of the property located at 42 School St. The landlord, AUSIL LLC, leased 5,000 s/f of space to Latin American Distributors. In addition, 4550 White Plains Rd., Inc., leased 5,000 s/f located at 60 St. Casimir Ave. to Yeats Contracting. Everett represented the tenants in both deals. "These four transactions are a testament to Westchester's booming real estate market as well as our brokers' exceptional service, knowledge, and results," said Bob Friedland, CEO and founder of Friedland Realty Advisors. Friedland Realty Advisors is a full-service commercial real estate firm with a 40-year-pedigree serving metropolitan New York and the Tri-State area, with a focus on Westchester and the Bronx. With offices in both Harrison and Manhattan, the firm also handles properties and clients in Putnam, Rockland, Connecticut and New Jersey. Friedland Realty relies on a team of talented, veteran brokers who represent properties in retail, industrial, office and investment sales markets. Friedland Realty's brokers are supported by cutting-edge technology and databases that allow its brokers to find their clients the best lease or purchase options available.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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