News: Brokerage

Simone Development’s One Executive Boulevard property receives Best of BOMA Signature Award

Tarrytown, NY Simone Development Companies was honored by Westchester Building Owners and Managers Association (BOMA) for the company’s medical office building at One Executive Blvd. in North Yonkers. The building won the Best of BOMA Signature Award in the category of Best Curb Appeal and Common Areas.

Shown (from left) are: BOMA Westchester past president Scott Tangredi of Reckson; Simone Development Companies president Joe Simone and BOMA Westchester president Staphanie Manfredi of Colliers International.

The award was presented at BOMA’s Annual Hall of Honor Awards Dinner held at Abigail Kirsch at Tappan Hill. More than 200 leaders from Westchester’s commercial real estate community were on hand for the sold-out event. Accepting the award on behalf of Simone Development was Joe Simone, president, Simone Development Companies.

Located in the North Yonkers “Medical Mile,” One Executive Blvd. is a newly renovated 133,768 s/f, four-story medical building that was repurposed from a traditional office building. The property is just under 30 minutes from Manhattan and within ¼ mile of 879,426 s/f of existing medical office space. Located at the intersection of Executive Blvd.  and North Broadway, One Executive Boulevard offers excellent visibility and accessibility to major highways and mass transit with abundant parking all around. One Executive Boulevard complements the North Yonkers Medical Mile that includes Simone Development’s highly successful Boyce Thompson Center. The 85,000-square-foot mixed-use center features physician’s offices of St. John’s Riverside Hospital, Westmed/Summit Health, ENT & Allergy Associates, Columbia Doctors and other medical practices along with retail shops and restaurants.

This is the fourth time that a Simone Development property has won a Best of BOMA Award. Previous winners include Purchase Professional Park for Comeback Building of the Year, Boyce Thompson Center for Best Renovation and Capital Improvement and 250 East Sandford Boulevard in Mount Vernon for Best Building Comeback. In 2022, Simone Development Companies won the prestigious BOMA Hall of Honor award for its contributions to Westchester’s economy.

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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 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.
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