News: Brokerage

Gordon of Admiral Real Estate handles five leases totaling 11,000 s/f

Admiral Real Estate Services Corp. has closed five leasing deals on behalf of its clients during June. The leases encompass 11,000 s/f of retail space in Manhattan and the Westchester County shopping districts of Bronxville, Rye and Scarsdale. No Stone Unturned, a jewelry and gift store, will be opening its new 400 s/f store at 96 Kraft Ave. in Bronxville in September. Go Figure Fitness Studios will open a sixth location at 220 Purchase St. in Rye in October consisting of 2,000 s/f. Go Figure currently has studios in Greenwich, New Canaan, Armonk and Westport. Dave's Gourmet Deli will be opening a 4,000 s/f space on 1st Ave. and 101st St., and Dave's Discount will open in an adjacent 2,500 s/f space in the same building. The tenant was represented by Gene Schwimmer of Gene Schwimmer Real Estate. Bronx Fresh Grill plans to open 1,100 s/f space in the fall at 1946 1st Ave. In September, Rich Restaurant will bring Chinese cuisine to a 1,000 s/f space at 13 Popham Rd. in Scarsdale, next to the Metro-North train station. Jon Gordon of Admiral represented the owners in all of the transactions except the Go Figure lease, where he represented the tenant. Admiral Real Estate Services Corp is a full-service leasing, property management and advisory firm. Based in Westchester, the company currently manages and/or leases a portfolio of over 85 retail, office, residential and development properties in the New York metropolitan area.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,

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