News: Brokerage

Kemm of Royal Properties brokers two retail leases totaling 4,513 s/f

Royal Properties, Inc. has signed two new leases totaling 4,513 s/f. In the first lease, Miracle Ear has signed a five-year lease with two five-year options for 1,513 s/f at 400 Nanuet Mall South. "Miracle Ear relocated from their store in the nearby Sears to the Nanuet Mall South as it provided more visibility, easy parking and will be on the main travel path to the upcoming Shoppes at Nanuet," said Jeanine Kemm of Royal Props. Dan Spector of Fameco Real Estate, LP represented the tenant. In the second lease, Growler & Gill, LLC has signed an eight-year lease with two five-year options for 3,000 s/f at 148 East Rte. 59. "Growler and Gill were drawn to the visibility and busy traffic of the Rte. 59 corridor. Paired with the homey atmosphere of the restored building, a bay window and new woodwork create the feeling of an old world tavern," said Kemm. Jim Damiani of Rand Commercial Services represented the landlord. For additional information, please contact Jeanine Kemm at 914-237-3403 or [email protected]. Royal Properties, Inc. is a retail brokerage and consulting company specializing in the placement of retailers throughout New York, New Jersey & Connecticut. To learn more about Royal Properties, Inc., please call 914-237-3403 or visit our website at www.RoyalPropertiesInc.com.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,

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