News: Brokerage

Gladstone Group reps KSW Allentown LLC in $1.615 million purchase

Gladstone Group represented the purchase of 1836 Catasauqua Rd. (land and building) from Eat Ice Cream, LLC by KSW Allentown LLC, for $1.615 million. The transaction, a sale/leaseback by Eat Ice Cream, LLC., included a 20-year NNN lease. The tenant will continue to operate as a Friendly's Restaurant. Gladstone Group, a subsidiary of Long Island Business Brokerage and brokered by Gail Gladstone, is currently headquartered in Long Island, NY and is licensed in NY, PA, MA, CT & MD. Gladstone is also broker of Sellers Brokerage, LLC, Zolo Realty Capital, Inc., NYC's CircumRent, Inc., and HomeCanvasrNY, Inc., currently operating in Brooklyn.
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
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,
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,

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