GUEST VIEWPOINT: Some Advice for Commercial Tenants in 2019 and Beyond
The suburban office market is probably the least volatile product type right now. However, make no mistake, rental rates are trending higher. This is partly due to reduced supply, and partly due to new ownership of a number of buildings. The new owners are performing Real Estate 101 type activities: refurbishing common areas (lobbies, public
GUEST VIEWPOINT: Some Advice for Commercial Tenants in 2019 and Beyond
The suburban office market is probably the least volatile product type right now. However, make no mistake, rental rates are trending higher. This is partly due to reduced supply, and partly due to new ownership of a number of buildings. The new owners are performing Real Estate 101 type activities: refurbishing common areas (lobbies, public
Howard Greenberg: Construction bolstering Westchester’s economic development
Everyone is seeing lots of construction these days. The first (and continuing) wave of multifamily residential development has been focused on the major cities in Westchester County, including White Plains, Yonkers, New Rochelle and Mount Vernon. Many buildings have already been built and are occupied or in the leasing phase. Many more projects are in
Howard Greenberg Wins CoStar Power Broker Award
Howard E. Greenberg, President of Howard Properties, Ltd., White Plains, New York announces that he has won the CoStar Power Broker Award for 2018 as a Top Office Leasing Broker in the Westchester/Southern Connecticut submarket. CoStar Power Broker awards are given to top producing brokers by the largest provider of real estate information in the
Howard Greenberg Wins CoStar Power Broker Award
Howard E. Greenberg, President of Howard Properties, Ltd., White Plains, New York announces that he has won the CoStar Power Broker Award for 2018 as a Top Office Leasing Broker in the Westchester/Southern Connecticut submarket. CoStar Power Broker awards are given to top producing brokers by the largest provider of real estate information in the
Howard Greenberg Interviewed on Mack-Cali’s Exit from Westchester
Mack-Cali, which had been a major force in the Westchester office and flex-space market, appears to be completing its exit from that market with the sale of a portfolio of properties to RMC Acquisition Entity LLC, an affiliate of the Robert Martin Company LLC. The sale, with a price tag of $487.5 million, is expected
Howard Greenberg Interviewed on Mack-Cali’s Exit from Westchester
Mack-Cali, which had been a major force in the Westchester office and flex-space market, appears to be completing its exit from that market with the sale of a portfolio of properties to RMC Acquisition Entity LLC, an affiliate of the Robert Martin Company LLC. The sale, with a price tag of $487.5 million, is expected
Westchester’s commercial real estate market transformation gaining momentum
The Westchester County office market moved forward on two fronts during 2018. The first was a continuation of the positive absorption trend. The second was the continued demolition or repurposing of existing buildings. We ended 2018 with 160,000 square feet of positive absorption, even though the fourth quarter had more than 130,000 square feet of
No shortage of activity in recent years throughout the Westchester office market
As I review the sales of Westchester office buildings over the last three years or so, it has occurred to me how much of our office inventory has turned over to new ownership. As we have REIT owners, institutional owners, large real estate partnership owners and private owners of office buildings in Westchester, the reasons
Howard E. Greenberg, President of Howard Properties, Ltd., White Plains, New York, has announced that he represented Ultrafabrics, Inc. in the renewal of its warehouse lease in Elmsford. The company manufactures and distributes polyurethane fabrics used in the Automotive, Aviation, Dental, Healthcare, Hospitality, Marine, Office, Residential and Recreational Vehicle (RV) markets. Mr. Greenberg has represented
