News: Brokerage

Simone Development celebrates opening of 1,300 s/f Wingstop at 132 Tuckahoe Rd.

Shown (from left) are: Simone Development director of leasing Rob Carinci; Wingstop franchisee Spencer Rubin; mayor Mike Spano;
Simone Development senior leasing associate Hannah Coyman; and Simone Development property manager Giovanni Puerta. 

Yonkers, NY Executives from Simone Development Companies were on hand with mayor Mike Spano and Wingstop franchisee Spencer Rubin for the grand opening reception of Wingstop’s newest restaurant. Also attending the event were city council members and schools superintendent Anibal Soler.

Located at 132 Tuckahoe Rd., the restaurant leased 1,300 s/f in the fully leased 10,029 s/f building owned and managed by Simone Development. This is the second Wingstop restaurant in Yonkers and fourth in Westchester County. Other locations are in Port Chester and Pelham. Wingstop Inc. is an American international chain of restaurants that primarily sells buffalo wings. It has 30 locations in the Greater New York Metropolitan area.

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
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 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,