News: Brokerage

Simon of Admiral handles Village Green and Ardsley SC lease

Ardsley, NY Joan Simon of Admiral Real Estate Services Corp. leased the last available space at Village Green, across from DeCicco’s/Ardsley Shopping Center. The reflexology spa will be located at 726 Saw Mill River Rd., and is expected to open early this year.  The spa will join other Village
Joan Simon, Admiral Real Estate Services Corp. Joan Simon, Admiral Real Estate Services Corp.
Green tenants Starbucks, GiGi’s Playhouse, Ardsley Veterinary Associates and Umami Sushi. Simon also completed leasing at Ardsley Shopping Center, adding Fitness Now to existing tenants DeCicco Family Market, TrustCo Bank, Nail Central, Ardsley Pizzeria & Bellantoni’s Tae Kwon Do. In each transaction, Simon represented both the landlord and the tenant. Maurice Hyacinthe, owner of both Village Green and Ardsley Shopping Center, said, “After using other firms, my family and I hired Joan Simon and Jon Gordon of Admiral Real Estate to lease [our] vacancies…I’m pleased to say that thanks to the diligent marketing efforts of Admiral, both centers are now 100% leased.”
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.
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,

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