News:
Brokerage
Posted: January 28, 2025
Simone Development Companies and Fareri Associates complete 4,694 s/f of renewals at Purchase Professional Park
Purchase, NY According to Simone Development Companies and Fareri Associates, 4,694 s/f of long-term lease renewals have been signed at 3010 Westchester Ave. at Purchase Professional Park.
Northwell Health Physician Partners is renewing in their 2,850 s/f space, which provides the highest quality in pediatric orthopedics to the NY Metro region.
Aesthetic Podiatry & Sports Medicine Center is also renewing and expanding into a 1,844 s/f space within the building, adding a surgery center.
“The renewals of these two outstanding healthcare providers are a testament to the vitality of this campus, which has become a hub of medical excellence along Westchester Avenue,” said Joanna Simone, principal & president of leasing and property management operations for Simone Development Companies.
The lease transactions were handled by in-house leasing and legal teams.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
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
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
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
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
