News: Brokerage

Simone Development Companies’ retail center fully leased with 1,100 s/f lease by Beauty Supply

Bronx, NY Simone Development Companies has signed a new long-term 1,100 s/f retail lease with Solar Beauty Supply at 2013 Williamsbridge Rd., located within the company’s 20,231 s/f retail center at 2009-2059 Williamsbridge Rd. in the Morris Park section. The property is now fully leased.

Simone Development’s in-house leasing and legal teams negotiated the deal on behalf of ownership in a direct lease transaction with the beauty supply store, which will mark the tenant’s third New York City location.

“The addition of Solar Beauty Supply aligns perfectly with our vision for this location — a high-visibility, accessible hub for established local retailers and service providers,” said Joanna Simone, president of leasing and property management operations for Simone Development Companies. “With our recent improvements to the building’s exterior and the center’s prime parkway connectivity, we are confident that this will be a thriving location for their brand and a convenient stop for our visitors.”

Solar Beauty Supply joins other retailers, restaurants, healthcare and service providers at the newly renovated center including Williamsbridge Wine & Liquor, Tribeca Pediatrics, Quest Diagnostics, Beltone Hearing Care Center, A Market & Deli, Edible Arrangements, Pasta Pasta, Carvel, Jennifer Yin Nail & Spa, and Liberty Diner.

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,

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