News: Brokerage

Zimmar of Heritage Realty leases 6,500 s/f at Westchester Park Center

Heritage Realty Services LLC revealed the signing of two new lease agreements at Westchester Park Center totaling 6,500 s/f. ACS Consulting has signed a 3,000 s/f lease on the second floor of 4 Westchester Park Dr. The tenant was previously located at 700 White Plains Rd., Scarsdale. The law office Lettera Mosiello & Gioffre LLP has signed a 3,500 s/f lease on the second floor of 2 Westchester Park Dr. The tenant was previously located at 2900 Westchester Ave. Peter Zimmar of Heritage Realty Services LLC acted on behalf of both parties in securing the lease for ACS Consulting and Lettera Mosiello & Gioffre LLP. In 2014, over 30,000 s/f of space has been leased at Westchester Park Center. The recently renamed office park has been proactive in meeting the needs of today's tenants through modernization and capital improvements to its buildings. In 2014, capital projects have included new lighting schemes, finishes to the common corridors and complete renovation of the lobbies.
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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,
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,

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