News: Brokerage

GHP Office Realty negotiates 55,750 s/f lease to Urnex Brands at 700 Executive Blvd. in Elmsford

GHP Office Realty has represented the landlord in completing a 55,750 s/f lease to Urnex Brands, one of the largest leases in Westchester so far this year. Urnex Brands will be relocating and expanding its corporate headquarters, sales, showroom and manufacturing facility from Yonkers to a brand new facility in 700 Executive Blvd. The property was built in 1970 by Robert Martin Co. in the Cross Westchester Executive Park. The facility has been completely redone with new green energy efficient technologies. Bill Anson of Anson Real Estate represented the tenant. Steven Hirsch, Esq. represented the landlord. GHP Office Realty is the office building division of Houlihan-Parnes Realtors, LLC which is presently one of the New York area's leading owners, operators and purchasers of suburban class A office space. GHP has acquired, financed, redeveloped, leased and managed more than 3.5 million s/f. Regionally, the partners presently own and manage buildings in Westchester County, Fairfield County, Rockland County and in Bergen County and Princeton, N.J. In addition, with a Long Island based partner, it owns and manages 52 buildings and approximately 2.5 million s/f in Nassau and Suffolk Counties. For more information, please contact Andy Greenspan at 914-642-9300 ext. 346 or by email at: [email protected]
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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