News: Brokerage

Island Associates closes three leases totaling 3,650 s/f

Island Associates Real Estate, Inc. has closed the following three leases totaling 3,650 s/f: • Sprint has leased a 850 s/f of retail space at 385 Sunrise Hwy., West Babylon. Roger Delisle, Suzanne Lopez, and Terence McMahon of Island Associates represented the landlord and tenant. • Transcript Pharmacy, a local pharmacy, has leased 1,800 s/f of retail space within Fulton Plaza, 87-123 Hempstead Tpke, Farmingdale. Delisle and Lopez of Island Associates represented the landlord and tenant. • Special Touch Car Detailing, a car detailing company, has leased a 1,000 s/f of warehouse space at 333 Spur Dr. North in Bay Shore. Lopez and McMahon of Island Associates represented the landlord and tenant in this transaction. Island Associates Real Estate is a commercial real estate brokerage and management firm that provides a full range of services for institutions, investors, developers, retailers and owners of commercial, retail and multifamily properties. The firm has been serving Long Island for the last 26 years.
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AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
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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
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,