News: Brokerage

Simone Development arranges five office/medical leases totaling 32,500 s/f; At the newly renovated 2510 Westchester Avenue, Bronx

Simone Development Companies has signed five leases totaling 32,500 s/f of office and medical space at a newly renovated building at 2510 Westchester Ave. in the Westchester Sq. neighborhood. Integrated Medical Professionals has leased 19,500 s/f for its urology division. Integrated Medical Professionals is a multi-specialty physician group operating in the greater New York Metropolitan area. In other recent leases: * Catholic Charities leased 3,500 s/f for a counseling center. * Premier Home Healthcare leased 5,000 s/f for administrative offices. * PSCH Inc., a comprehensive human service agency, leased 2,500 s/f for administrative offices. * Isabel Rodriquez, M.D., leased 2,000 s/f for her medical practice. 2510 Westchester Ave. is a 60,000 s/f building, which was the former Verizon Call Center. It was acquired by Simone Development and completely renovated and modernized.
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Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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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,

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,
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
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