News: Brokerage

McMahon of Island Associates completes $1.475 million sale of 100 Jericho Turnpike

100 Jericho Turnpike - Floral Park, NY 100 Jericho Turnpike - Floral Park, NY
Floral Park, NY Terence McMahon of Island Associates, the landlord’s broker and purchasers broker, has sold the 8,000 s/f building located at 100 Jericho Turnpike for $1.475 million. The tenant will be relocating its beauty care distribution from the Bronx to this new location. Site offered freestanding on Jericho Turnpike with over 34,000 daily car count with neighboring tenants, Rite Aid, Astoria Bank, Starbucks and KFC.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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