News: Brokerage

NYCRG secures two exclusive tenant search agreements

New York Commercial Realty Group's (NYCRG) new retail division has secured two exclusive tenant search agreements. Hooters of America has partnered with NYCRG to secure site locations throughout the state. "I found NYCRG's market knowledge to be right on the money," said Jon Taffer, N.Y. franchisee for Hooters of America. "They struck me as a team of individuals that will aggressively meet Hooters' needs." Anytime Fitness, which has 593 locations throughout the country has also called on NYCRG to expand its presence in the state. "Entrepreneur.com has listed Anytime Fitness as one of its Fastest Growing Franchises, and we are very excited to work with them," NYCRG president Mike Rao said. "NYCRG is very pleased to align ourselves with two national retailers with proven track records of success," said Martin Leonard, vice president of retail for NYCRG. About New York Commercial Realty Group - NYCRG is a full- service firm located in White Plains, NY. As New York Commercial Realty Group continues to expand and gain market share, we strive to align ourselves with like-minded retailers that need to either expand their presence or create one. Our team is eager to help companies grow their business and strategically align them in the best possible locations.
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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.
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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 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,

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.