News: Brokerage

McGorman and Lease of John J. Lease Realtors secure 10,000 s/f sale

John J. Lease Realtors have sold the 10,000 s/f commercial building located at 299 Washington St. and Robinson Ave. This highly visible building was owned and occupied for years by J.D. Parella Electric Corp. The new owner is United Air Conditioning, Refrigeration, Plumbing and Heating. United is owned by Richard Fracasse and was founded in the mid 1960's. They have expanded their operations from 15 to 20 employees and specialize in commercial heating and plumbing. The building was constructed in 1905 and was originally used for the manufacture of curtains and drapery. Parella Electric then occupied the building for 25 years until the sale to United. John J. Lease Realtors was represented by Brian McGorman and Richard Lease.
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Columns and Thought Leadership
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,

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
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
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,