News: Brokerage

Howard Properties represents law firm in 31,687 s/f lease in Valhalla

According to Howard Greenberg, president of Howard Properties, Ltd./CORFAC International, his firm represented the law firm of Kaufman Borgeest & Ryan LLP in a 31,687 s/f lease. The lease involved the extension of the firm's existing 24,743 s/f lease, as well as an expansion of 6,944 s/f at 200 Summit Lake Dr., a part of The Summit at Valhalla office park owned by the Reckson division of SL Green. The firm is one of the largest tenants at the 750,000 s/f Summit complex. The deal represents the 17th transaction in which Greenberg has represented Kaufman Borgeest & Ryan, including a 48,000 s/f lease in New York City, and branch offices in Garden City; Parsippany, N.J., and Calabasas, Calif. "We have enjoyed significant growth since relocating to The Summit in 2000," said Kaufman Borgeest & Ryan managing partner Wayne Borgeest, Esq. "Howard Greenberg has always kept us ahead of the curve in obtaining the space we needed. Once again, he has crafted an innovative transaction for us that enabled our firm to take advantage of current market conditions to secure much-needed expansion space and to extend our lease well into the future."
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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,

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