Newsletters

In May of 1986 I started my first job in the real estate business. Hard to believe it was 40 years ago. The small firm I worked for did primarily Landlord Representation. That meant we were Exclusive Leasing Agents for office buildings and were responsible for...

The Q1 leasing report is in, and we are definitely not your old Westchester office market anymore. On New Year’s Day 2026 our office market statistics finally caught up with our office market reality. After probably a decade of artificially inflating the Northern...

We have all read the articles about the impact of remote work and hybrid work on the office sector. The last few years have definitely had major effects on how businesses use their office space. In my practice, I always encourage my clients to think forward, not...

Howard E. Greenberg, President of Howard Properties, Ltd., has announced that his firm has represented Ultrafabrics, Inc. in one of the largest office leases of 2025. The company leased the entire fifth floor of 560 White Plains Rd. in Tarrytown, New York, where it...

The 2025 year end real estate market reports have come in. The Newmark Report shows about 1.3 million square feet in leasing volume, which has been pretty typical post-pandemic. Pre-pandemic we used to do about 2 million square feet per year, but in a larger market. I...

I usually write about trends in the office market. But right now, the trends in the fitness and broader retail market is where the news is. There was recently an announcement that a new 60,000 square foot LifeTime Fitness location will open in the former Raymour &...

Howard E. Greenberg, President of Howard Properties, Ltd., has announced that his firm has represented Ultrafabrics, Inc. in one of the largest office leases of 2025. The company leased the entire fifth floor of 560 White Plains Rd. in Tarrytown, New York, where it...

I did not write this article, but I could not have written it any better. Today, large companies are looking at their office real estate portfolios differently than they did in the past. They are encouraging employees to return to their offices to collaborate with...

This newsletter will be about experience. It is what we call (literally) gray hair, in real estate. It refers to those of us who have been practicing in many areas of real estate (brokerage, ownership, landlord representation, tenant representation, lawyers, etc.)...

In my last newsletter, I wrote about how our office space market is shrinking, as many buildings are losing tenants and are faced with lower rental income that inhibits their ability to do new leases due to a lack of capital for fit outs and other transaction...

May 16, 2025 is my 39th anniversary in the real estate business. Happy Anniversary To Me! It all started on a cold call to a broker I knew nothing about. I left a message with his secretary (no voicemail in those days) saying I was calling about a real estate matter....

Almost every office user I speak to expects rents to be lower than they have ever been. Read the newspapers, they say. Look how high the vacancy rates are. Every landlord wants my lease desperately and we can negotiate very hard and get a very cheap rent. They are...

Activity in the commercial real estate market in Westchester is picking up in early 2025. The largest real estate transaction in the 287 East submarket is reportedly closing sometime in May. The buildings known as 701, 707, 709, 711 and 777 Westchester Ave. were...

District Galleria How many times have we strolled through a newly developed area of another city full of activity, with green space, restaurants, bars, shops and other venues and asked, "why can't Westchester have something like this?" We will. It is long past the...

Image courtesy of: Westchester Magazine, 10/24, Copyright © 2024 Today Media. All Rights Reserved. I am a proponent of development and redevelopment, and I believe we all should be aware of the additional costs that are factored into rents or sale prices due in large...

Avalon Harrison development next to the Metro-North. Photo by Camille Maren. I am comfortable saying that almost any construction you see today in Westchester is a new apartment building. No one is building any office buildings. We have too many now, and are reducing...

As I complete my 38th year as a commercial real estate broker, I have been thinking about some of the key trends that have shaped Westchester County during my time in the business. 1. Repurposing: About fifteen or so years ago, the repurposing of obsolete buildings in...