News: Brokerage

Island Assocs. brokers 20,000 s/f lease for Crunch Fitness

West Babylon, NY Island Associates negotiated two lease agreements for retail space. Island was able to negotiate a long-term lease extension for Crunch Fitness at 369 Little East Neck Rd. This Crunch Fitness location is over 20,000 s/f and was the first location opened by the tenant, who now has five locations. Island negotiated for both the landlord and tenant to make substantial capital improvements and investments into the shopping center and the tenant’s space.

Island Associates negotiated a long-term lease extension for All Star Video in Central Islip. All Star has been a tenant at the center for over a decade, and Island was able to negotiate an extension keeping All Star Video in its existing space for an extended term.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,
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
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,