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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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.