Long Island - June 24-7, 2014

Jawdat of New York Commercial Real Estate brokers $2.6 million sale; Represents buyer and seller of the 5,800 s/f retail property
Jack Jawdat, president of New York Commercial Real Estate (NYCRE) (www.nycreli.com), has completed the sale of The Elks Club, a 5,800 s/f, retail property situated ...

Mancini, Hamilton and Schaller of Cornerstone Capital Realty arrange $2.325 million sale of Liquor Plaza
Jerry Mancini, Greg Hamilton and Lee Schaller of Cornerstone Capital Realty LLC have sold Liquor Plaza at 133-135 Walt Whitman Rd. for $2.325 million. The ...

Hunt Construction awarded contract by All-System to renovate interior office, warehouse and exterior
Hunt Construction Services, Inc. has been awarded the contract for the interior office, warehouse and exterior renovations by All-System Aerospace International Inc., at their new ...

BBS completes new SCCC Observatory
BBS Architects, Landscape Architects and Engineers has completed the new astronomical observatory at the Suffolk County Community College's (SCCC) Selden Campus. The observatory is located ...

Monthly Q&A with Hunt of Hunt Corp. - Caring For a Vacant Building
Q: We are moving to a new location, but the industrial building that we currently occupy has not been sold yet. It is not practical ...

Trias of Rechler arranges 31,000 s/f lease to Ferrellgas in Melville; Costa of Colliers international reps tenant at 10 Hub Drive
Rechler Equity Partners has signed a new, 31,000 s/f lease with Ferrellgas L.P., a propane supplier, at 10 Hub Dr., according to company partners Mitchell ...

Racanelli completes Super Storm Sandy related project for People's United
Racanelli Realty Services completed a major assignment for People's United Bank which involved the construction management and oversight of a 42-unit multifamily property located on ...

Mayer CPAs relocates its Long Island office
Mayer CPAs has opened their new Long Island office. Following the growth and expansion of the New York City office, the firm has relocated the ...

Inserra of NAI Long Island honored by ABLI and CIBS with the 2014 "Distinguished Leadership Award"
The Association for A Better Long Island (ABLI) and the Commercial Industrial Brokers Society of Long Island (CIBS) presented the 2014 "Distinguished Leadership Award" to ...

Walsh of ERG originates $700,000 first mortgage
ERG Property Advisors has funded a first mortgage on a property located at 2416 Chestnut Ave., south of the Long Island Expressway. The building is being ...

Napolitano of First Nationwide joins Museum of American Armor board
Steve Napolitano, president and CEO of First Nationwide Title Agency, whose late father served in General George Patton's Third Army, has been named a trustee ...

WK-Equities sponsors second "Battle of the Brokers" at Citi Field; Attended by over 100 Long Island Commercial Brokers
The "Battle of the Brokers" raged on for a second year at New York Mets' Citi Field as dozens of commercial brokers from various firms ...

Kelleher of H2M awarded ASCE Long Island branch's 2014 Engineer of the Year
The metropolitan section of the American Society of Civil Engineers (ASCE) has recognized Dennis Kelleher, P.E. of H2M architects + engineers as the L.I. branch's ...

New Internal Revenue Service capitalization rules and the effect on real estate entities
After more than a decade of debate and revision, the Internal Revenue Service issued final regulations containing rules governing repairs and capitalization. These regulations, effective ...

Smart ways to save on tax rates - The two options that every buyer and seller should be aware of
People are always looking for ways to save on tax rates, and while the real estate sales market doesn't exactly flex when it comes to ...

Buyer beware of the environmental site assessment (ESA) closed spill event
Many times while conducting a phase one environmental site assessment (ESA) spill events are discovered while checking the database at the site and adjacent properties. ...

The demolition and construction concerns for adjacent property owners
The effects of demolition and construction can be disastrous for property owners who own buildings or homes adjacent to an active construction site. More often ...

Company of the Month: "Firm of the future, today" - Gettry Marcus CPA, P.C. settles into their new class A headquarters in Woodbury
Gettry Marcus CPA, P.C., a top 200 firm nationally, with a thriving real estate practice group, has been proactively implementing their internal strategic planning with ...

We may need to sell cheaper - but not any less: Maximizing today's communication tools
As businesses keep evolving and finding ways to function more effectively and efficiently, I'm noticing continuous improvement in managing the cost of sales. The process ...

Not all appraisals are the same: Appraisal technique in property tax proceedings
In working towards resolution in a property tax proceeding, there are stages where it may become necessary to retain an appraiser to perform an analysis ...

Professional Profile: Rachel Lioio, 2014
Name: Rachel Lioio Title: Vice President Business Development Company: MT Group Location: Farmingdale, N.Y. Birthplace: Huntington, N.Y. Education: BS Hofstra University First job outside of real estate: ...

Professional Profile: Ralph Rosella, 2014
Name: Ralph Rosella Title: Managing Partner Company: Lazer, Aptheker, Rosella & Yedid, P.C. Location: 225 Old Country Rd., Melville, N.Y. Birthplace: Glen Cove, N.Y. Education: JD, Fordham Law School First job ...

Professional Profile: David Schwartz, 2014
Name: David Schwartz Title: President Company: The Water Scrooge, a D.S. Magic-Tech LLC Company Location: 393 Sunrise Hwy., Suite 4, Lynbrook, N.Y. Birthplace: Israel Education: B.A., Industrial and Management, GIA ...

Professional Profile: Sam Yedid, 2014
Name: Sam Yedid Title: Partner Company: Lazer, Aptheker, Rosella & Yedid, P.C. Location: 225 Old Country Road, Melville, N.Y. 11747 Birthplace: Trenton, N.J. Education: Yale University, B.A.; University of Virginia ...

Executive of the Month: Mayer, partner at Mayer CPAs LLP: Strives to help his clients reach their personal and business goals
The NYREJ recently sat down with Stuart Mayer, a partner at Mayer CPAs LLP, for a question and answer session. Mayer CPAs is an accounting ...

Merritt of Merritt Environmental speaks at LICN's May 27th meeting
Chuck Merritt of Merritt Environmental Consulting Corp. updated members on the new ASTM standard released in December 2013 at the Long Island Commercial Network's (LICN) ...

Meet the LICN Member - Reem Abodalo
Reem Abodalo is a licensed real estate salesperson with Coach Realtors. With her multicultural background and multilingual abilities she has helped families and companies not ...

Obama's proposal to reduce carbon dioxide pollution
Combating climate change is one of the world's most pressing challenges. We will be defined by how we respond to this challenge and the actions ...

Dorman of Hunt brokers $605,000 sale of 3,065 s/f office building
According to Hunt Corporate Services, Inc., Vision Risk Services, LLC has purchased a 3,065 s/f office building at 300 Commack Rd. Andy Dorman of Hunt ...

Kensington Vanguard to open Long Island office; Headed by Aurrichio
Kensington Vanguard National Land Services, one of the largest independent full-service national title insurance and settlement agencies in the U.S., has opened a new office. ...

BOMA Long Island holds Annual Casino Night & Cocktail Party; Hosted by member RXR at 68 South Service Road, Melville
BOMA Long Island hosted their Annual Casino Night & Cocktail Party on May 15th at RXR's Building on 68 South Service Rd. BOMA LI was ...

Appraisal Institute forms International Center for Valuation Certification
The Appraisal Institute has formed a new certification organization: the International Center for Valuation Certification (ICVC). The ICVC will confer cross-disciplinary valuation certifications to individuals ...

Donovan of Great Ink speaks at LIMBA event
Roxanne Donovan of Great Ink Media was the guest speaker at the Long Island Business Metro Action (LIMBA) meeting. The subject of the meeting was ...

Stalco Construction rescues wild mustang - Lost Cowboy; Sponsor training by Schadt
A rescued four-year-old wild mustang from a free-roaming herd in the American West arrived at a farm for training in anticipation of adoption. Lost Cowboy ...

U.S. Navy vice admiral speaks at NAI Long Island's Spring '14 Cocktail Party
NAI Long Island (NAILI) hosted its Spring '14 Cocktail Party at Cold Spring Country Club. The event brought together clients, colleagues, and dignitaries for a ...

Certilman Balin attorneys attend 93 Worth launch party
Attorneys from Certilman Balin Adler & Hyman LLP's real estate and condo/co-op groups have represented The Penthouses at 93 Worth. Members of those groups attended ...

Hunt Corp. and Franklin, Gringer & Cohen hold April 29th conference at Carlyle at The Palace in Plainview
Hunt Corporate Services, Inc., in collaboration with Franklin, Gringer & Cohen, PC, held a conference on April 29th at Carlyle at The Palace in Plainview, ...

Rieger of H2M recognized at Long Island "30 under 30" event
Kathryn Rieger of H2M architects + engineers has been recognized as one of Long Island's Top 30 professionals under 30 years old. The event, Celebrate ...

Siano of Sabre arranges 600 s/f lease for DASH boutique
Sabre Real Estate Group LLC has arranged a lease for a pop up, summer location for DASH, the boutique clothing and accessories chain operated by ...

Rechler Equity Partners' 85 South Service Road chosen for fashion spread
Rechler Equity Partners' architecturally-significant, LEED-certified office building at 85 South Service Rd. has garnered wide praise in real estate and architectural circles since the company ...

Kalikow Group and Garritano Realty appoint McCoy of NAI Long Island as exclusive leasing agent of 118,500 s/f retail property
The Kalikow Group and Garritano Realty Group have appointed NAI Long Island's Dennis McCoy as the exclusive leasing agent for the 118,500 s/f retail property ...

Consolo and Aquino of Douglas Elliman chosen to market 716 Glen Cove Avenue
The national leasing and sales team of Faith Hope Consolo, chairman, and Joseph Aquino, executive vice president of Douglas Elliman's Retail Group has been awarded ...

Continental Pinewood Development Partners launches lottery for The Club at Melville
Addressing the critical need for affordable senior housing, Continental Ventures and Pinewood Development (Continental Pinewood Development Partners) have launched a lottery for 261 affordable 55 ...

Brookhaven IDA accepts applications for economic assistance for a proposed Ronkonkoma hotel and a planned apartment complex in Port Jefferson
According to Brookhaven town supervisor Edward Romaine and Brookhaven Industrial Development Agency chairman Frederick Braun, III, the Brookhaven IDA has accepted applications seeking economic assistance ...

Hofstra University names Nadel recipient of Certilman Balin scholarship
The Maurice A. Deane School of Law at Hofstra University has named Seth Nadel the recipient of the 2013-2014 Certilman Balin Honors Scholarship, a scholarship ...

Vardakas joins H2M's human resources department
Amanda Vardakas has joined the staff of H2M architects + engineers, supporting the human resources department in career development, talent acquisition and policy development. Vardakas previously ...

Stigler joins H2M as a project engineer
Tvrtko Stigler has joined the staff of H2M architects + engineer as a project engineer, supporting the electrical engineering department in arc flash assessment, short ...

H2M employees volunteer in Habitat for Humanity of Suffolk’s Sponsor for a Day
On Saturday, May 24, employees design and consulting firm H2M architects + engineers participated in Habitat for Humanity of Suffolk’s Sponsor for a Day program ...

Wierzbicki of Pliskin broker 3,500 s/f lease
Pliskin Realty & Development's sales associate Christopher Wierzbicki has brokered a 10-year lease for Art Cleaners, a dry cleaning and laundry service provider formerly located ...

Syage of Hunt Coporate Services secures 3,325 s/f lease at 99 Seaview Blvd.
According to Hunt Corporate Services, Inc., Ivy Testtakers Review, Inc., has leased 3,325 s/f of office space at 99 Seaview Blvd. Chuck Syage of Hunt ...

Syage of Hunt Coporate Services reps landlord in 1,531 s/f lease to Medical Arts Support Corp.
According to Hunt Corporate Services, Inc., Medical Arts Support Corp. has leased 1,531 s/f of office space at 147 East Second Street. Chuck Syage of ...