News: Brokerage

Jacobs and DeLuca of Signature Group rep tenant in 4,284 s/f lease; Carcaterra of Newmark Knight Frank reps landlord

Signature Group has completed a lease for 4,284 s/f of office space at 707 Westchester Ave., which will serve as the expanded New York-area office of The Whiting-Turner Contracting Company, a national firm. Signature Group brokers Mark Jacobs and Nick DeLuca represented Whiting-Turner. Brian Carcaterra of Newmark Knight Frank represented the landlord, Normandy Real Estate Partners. The lease is the third Westchester County transaction in 2010 since the Darien, Conn.-based company increased its activities here. Earlier this year Signature Group completed leases for Handwerger & Sons at 2975 Westchester Ave. and NHPA at 711 Westchester Ave. In addition, Jacobs and DeLuca are negotiating leases for several other clients in Westchester County. "Fairfield and Westchester Counties offer similar location and lifestyle amenities to national and regional tenants looking for space in the New York metro area," said Mark Jacobs. "To provide the best service to the tenants and the landlords we represent - both local and from outside the region -- our firm is focusing on the opportunities that both counties provide."
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
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
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.