News: Brokerage

NAI Friedland's industrial team brokers two leases totaling 57,500 s/f in the Bronx

NAI Friedland's industrial division closed two leases totaling 57,500 s/f. NAI Friedland executive VP Steven Kornspun brokered a 35,000 s/f lease at 900 E. 136th St. between Bradford N. Swett Management LLC (landlord) and Parallel Products (tenant). NAI Friedland senior executive VP Ross Schneiderman brokered a 22,500 s/f lease for a two-story building at 4327 Bronx Blvd. between Houlihan Acquisitions (landlord) and Teddy Nissan (tenant). Schneiderman represented the tenant and the landlord was represented by Gerry Houlihan of Houlihan & O'Malley Real Estate Services. "The economy is still causing many to take pause and consider whether the time is right to make a deal," said Tony Lembeck, NAI Friedland's CEO. "Our brokers have a great knack at conveying realistic options to both landlords and tenants. As a result, we are still making deals in this market." Lembeck said, "Friedland's brokers are out in the market every day, working hard to fill every vacancy in Westchester, Rockland, Putnam, and the Bronx. We are canvassing each market regularly to find the best opportunities for our clients, on both the landlord and tenant side of the transaction."
MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.