News: Brokerage

Welco Realty completes six leases totaling 91,583 s/f

Welco Realty, Inc., completed the following six leases totaling 91,583 s/f: Mall at Bay Plaza, Bronx Retail Group of America - Fashion European brands d/b/a * Blanco - 3,149 s/f * F & F - 8, 872 s/f * Flomar - 498 s/f * Monsoon Kids - 1,500 s/f Welco represented the landlord in this transaction. DSW Plaza, Lake Grove, New York * Fairway Market - 54,209 s/f. Located across the street from the Smith Haven Mall. Fairway offers a combination of traditional, organic and specialty foods. This will be Fairway's third store in Long Island. The Lake Grove location will be the chain's fifteenth food store in the tri-state area. Welco represented both the landlord and tenant. * Ashley Furniture - 23,355 s/f. Welco represented the landlord. Ashley Furniture HomeStore has become one of the major retailers of furniture and home furnishings in the U.S. and internationally. Their stores are located throughout the United States, Canada, Mexico, Central America, and Japan.
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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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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
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,