In the News

Recent news articles that Casandra Properties and our agents have been mentioned in. 

Found 18 blog entries about In the News.

UrbyOur CEO, James Prendamano, spoke to Tracey Porpora from the Staten Island Advance to discuss how rent reform would affect Staten Island tenants and landlords.  The proposed rent reforms would prevent landlords from increasing rents to a maximum level upon lease renewals and would limit rent increases for major capital improvements. The reform also puts an end to high-rent vacancy deregulation and the 20% vacancy bonus.

 

James was quoted saying, “Tenants are fighting to close some of the loopholes to protect and stabilize rents.  Landlords conversely are fighting to have more control and freedoms over their assets. At the end of the day, we should be striving to find the middle ground. The city and the state continue to be more expensive and

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Rising rentsIt’s always a pleasure to have the opportunity to discuss Staten Island Real Estate with Tracey Porpora from the Staten Island Advance. Most recently, our CEO James Prendamano, shed some light on the rising rents in Staten Island.  He was quoted saying “The general principals of supply and demand certainly apply here. As Staten Island becomes a more viable option for renters, particularly on the North Shore, the supply, which has been trending upward, simply cannot keep up with the market demands at this time.”

 

With all that the North Shore has to offer such as magnificent views, close proximity to public transportation and many apartment buildings offering countless amenities it’s no surprise so many people are looking to the North Shore for

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Bay StreetOur CEO, James Prendamano, recently had the opportunity to speak with Nicholas Rizzi from the Commercial Observer in reference to the rezoning of Bay Street.  The City Planning Commission has approved the rezoning after nearly five years of planning. 

 

The rezoning that covers a 14-block portion of Bay Street will add an estimated 1,800 new apartments and 6,500 residents.  James was quoted saying, “It will bring much needed additional development and this gives some of our best and brightest and youngest minds the opportunity to stay.” 

 

In addition to the residential apartments roughly 275,000 square feet of office, retail and restaurant space will be added to the area.  Casandra Properties, Inc. has been intimately involved in the

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Front StreetExciting things are on the horizon for the Stapleton Waterfront. The article in the Staten Island Advance gave residents a glance of what is to come on the stretch of waterfront along Front Street. Casandra Properties has been at the forefront of the North Shore revitalization effort and this is yet another exciting development for Staten Island. 

 

The Stapleton Waterfront project is a $120 million investment on 12 acres that will be accessible for the public to enjoy.  The final design is scheduled to be complete in 2020.  This area will provide a playground, BBQ area, sports courts, dog run and more providing Staten Islanders and visitors alike to enjoy the beautiful waterfront that has been underutilized for so many years.  

 

Here at

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Flying TeeCasandra Properties is excited to announce the latest addition to Empire Outlets.  Flying Tee is a 22,000 SF interactive indoor golf simulator that will bring not only entertainment but a modern ultra-lounge bar and dining service to Empire.  The deal was brokered by our CEO James Prendamano and Associate Broker Brian McGowan. James was quoted in the Staten Island Advance saying, “At Empire Outlets, we say it’s all about the experience.  TEE SUITE will bring a one-of-a-kind world class food and beverage and golfing entertainment venue to New York City’s waterfront.”

 

Flying Tee provides a unique and interactive experience for guests of all ages and skill levels.  With their state of the art experience coupled with the magnificent views of the

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Empire OutletsCasandra Properties is excited to announce that Lucky Brand has signed a 10-year lease at Empire Outlets. Our CEO, James Prendamano, brokered the deal and stated in the recent article in the Commercial Observer that Lucky is an authentic brand that will be a tremendous addition to Empire Outlets.

 

Lucky Brand Jeans is an American company founded in California in 1990.  Lucky also produces other apparel in addition to their iconic denim such as outerwear, T-shirts and activewear. 

 

With the Grand Opening of Empire Outlets slated for May 15th, many shoppers are eager to have the chance to experience the highly anticipated outlet center.  Lucky joins a tremendous line up of tenants such as Nike, H&M, Gap, Banana Republic, Old Navy, Brooks

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 James Prendamano

Casandra Properties is extremely excited to announce that our CEO, James Prendamano, has received two mayoral appointments with the New York City Economic Development Corporation. 

 

“I want to thank Mayor DeBlasio, Borough President Oddo and NYCEDC for this opportunity. As a lifelong Staten Island resident, it has always been my passion and goal to serve my community.  I am honored to be serving on these boards that will allow me to raise awareness and connect the dots these amazing programs offer to Staten Island and New York City.”, said James Prendamano.  

 

James will be serving as a director of the New York City Industrial Development Agency (NYCIDA), which provides financing assistant to businesses.  He was also appointed as a

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American Eagle Empire OutletsWe are thrilled to have made the top 10 NYC retail leases in February for the signing of American Eagle/Aerie at Empire Outlets. Our CEO, James Prendamano, brokered the deal that came in at #7 on the list and was featured in this article by The Real Deal.

 

“American Eagle Outfitters’ has a passion for innovation and superior customer experiences that aligns perfectly with our vision for Empire Outlets. We are thrilled to add them to the Empire Outlets family, giving shoppers even greater access to premier retail stores,” said James Prendamano.

 

American Eagle is a retailer offering high-quality, on-trend clothing and accessories while Aerie is a lingerie and intimate apparel sub-brand of American Eagle and has recently been called one of the

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URBY Staten IslandIt all starts in the trenches.  That’s where the dream begins, ideas are birthed, and plans are set in motion. What a proud day it is when $133M refinances are being funded in our backyard on projects we played such a critical role in.  

 

Today I read with great pride, the article in the Commercial Observer, about the refinance of URBY.  I remember David Barry, from IronState Development, coming to Staten Island to look at multiple sites.  We brokered for NYCEDC for the property that is now URBY. Having been a part of so many transformative deals such as URBY, Empire Outlets, The Accolades, The Pointe, and The View our focus has been on the reshaping of the commercial real estate landscape on the North Shore of Staten Island. 

 

The second

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Empire OutletsCasandra Properties is excited to announce that Broome & Greene will be opening their first outlet store at Empire Outlets.  Our CEO, James Prendamano was quoted saying “Broome & Greene covers another best-in-class category bringing quality modern furniture and lighting to the already outstanding lineup of tenants”.

 

Broome & Greene offers quality modern furniture, lighting & décor.  In addition to the amazing product they offer, Broome & Greene also boasts a free designer on call service.  This free service connects you directly with a designer that will help you design the perfect space within your home.  Not only does this give you the ability to work directly with a designer that intimately knows the product, but can save you thousands of

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