Category: Brokerage

Hauppauge, NY Robert Raffa and Robert Monahan of Island Associates helped to negotiate a long-term lease for Retreat, a non-profit organization located at 490

Middle Island, NY Robert Raffa and Robert Monahan of Island Associates negotiated the 1,404 s/f lease for Fireside Embroidery in the Strathmore Shopping

Manhattan, NY Marcus & Millichap negotiated the sale of 196 Bowery, a mixed-use property in the NoLita neighborhood. The asset sold for $11.4 million.

West Islip, NY Robert Raffa and Robert Monahan from Island Associates negotiated a new lease at 425 Union Blvd. The new addition to the new 20,000 s/f

East Islip, NY People’s Arc of Suffolk has signed a 10-year lease for a 4,000 s/f freestanding retail/office building at 59 Sunrise Hwy. The property

Manhattan, NY GFP Real Estate said thatThe Malin, a hospitality-driven workspace operator, has signed a long-term lease for the entire fifth floor at 10

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.

Manhattan, NY SL Green Realty Corp. has sold 10 East 53rd St. for total consideration of $312.2 million to Meadow Partners. The transaction, which is expected to close in the third quarter of 2026, subject to customary closing conditions, will generate net cash proceeds to the company of approximately $100 million that will be used for corporate debt repayment.

Jericho, NY Cushman & Wakefield arranged a 41,000 s/f office lease renewal on Long Island, marking the largest office recommitment signed in the market thus far in 2026. Grassi, a leading advisory, tax and

Brooklyn, NY TerraCRG negotiated the $8.575 million sale of 76 Ainslie St., a retail building housing Ainslie Brooklyn, a multi-level restaurant and beer garden in Williamsburg.

Brooklyn, NY Industry City (IC), the 35-acre mixed-use innovation campus in Sunset Park, closed 10,000 s/f of new leases with robotics and hard-tech companies Möbius Industries and Alquist Robotics, in

Q: What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord is asking for a 4% escalation every year. Is there a standard rent increase for industrial leases?  A: There are no standard or published lease escalations. Escalation terms are essentially whatever two parties can agree upon. An alphabet soup of rent escalators was common in the past,