Long Island - May 14th 2013

Josh Goldflam, managing principal of Manhattan-based investment sales firm Highcap Group, has completed the $9 million sale of a triple net leased retail building located ...

Metropolitan Realty Associates (MRA) and its longtime joint-venture equity partner, Angelo, Gordon & Co., LP, have completed the $66.25 million sale of the retail condominiums ...

Catholic Health Services of Long Island (CHS) has committed to 49,000 s/f of office space at Rechler Equity Partners' 110 Bi County Blvd. The complex ...

Q: Everybody seems to have an opinion on whether we should buy or lease our next business facility. How do we intelligently make this decision? A: ...

Q: Why did you return to Winick Realty Group? A: Winick Realty Group has one of the strongest regional reputations in the retail markets, both ...

One of the first conferences of its kind took place Wednesday, April 3rd at the Race Palace. Three expert panelists joined together to present a ...

Long Island Business News (LIBN) presented its annual Commercial Broker of the Year/Retail award to Jayson Siano, managing principal of Sabre Real Estate Group LLC. Siano ...

Jeffrey Wurst, a shareholder of the law firm, Ruskin Moscou Faltischek, P.C., and chair of the firm's financial services banking and bankruptcy group, has been ...

CoStar Group Inc. has named David Hunt, president of Hunt Corporate Services, Inc. and Hunt Construction Services, Inc., a top L.I. Power Broker. Awards are ...

According to Moritt Hock & Hamroff LLP, Rosalyn Maldonado has joined the firm as an associate in its commercial litigation and construction practice areas. She ...

According to Pliskin Realty & Development, William Lawyer has joined the firm as an associate broker. He brings to the role 12 years of real ...

Suffolk County has been working towards accomplishing positive economic development through new types of property development, growing an innovation-based economy, leveraging our talented workforce and ...

John O'Hara, a leading industrial real estate broker in Suffolk County, has joined Sperry Van Ness Commercial Real Estate Advisors as managing partner. O'Hara, formerly a ...

Melville NY International brokerage and real estate consulting firm Cushman and Wakefield has partnered with one of Long Island's largest landowners, N.Y.C. entrepreneurs Robert and ...

Circa 1970, the U.S. was going through a challenging economic period, however, U.S. manufacturing was still king of the world - flexing its muscles as a manufacturing power house. Detroit was untouchable, manufactured imports were not a concern, and there were no emerging markets. It began with foreign imports of cars and how Toyotas and Hondas were exceeding reliability and quality standards of U.S.-made automobiles. Next came the steel industry, and slowly but surely began the erosion of our manufacturing base. It became worse with the enactment of NAFTA which sent our manufacturing jobs over the border into Mexico. Fast forward and China and India emerged as low cost manufacturing countries, producing and exporting goods at every level of the retail market, at a cost far less than U.S. manufacturers could meet. It was only a matter of time before the emerging markets were going to start losing their status as the number one place to manufacture your goods. Suddenly, the issues started to surface. Their employees were becoming more westernized, demanding higher wages and looking for better working conditions. In addition, product quality control was deteriorating and export shipping costs were rising. Furthermore, and not to mention, substandard electrical grids and rolling power blackouts were interfering with U.S. companies and their schedules with their vendors. Suddenly, U.S. manufacturing companies started to rethink and calculated that the savings were not as much as before. Slowly, multinational companies are retooling and firing up their U.S. plants. There are many examples of the import of substandard products; most notably, the housing expansion in the south and south west where builders were importing sheet rock from China. Over a period of time, the sheet rock started to sweat toxic chemicals. New homes had to be evacuated and completely renovated to the cost of approximately $125,000 per home. Another prime example is the manufacturing of health care products. The health care industry has experienced the same issues with manufacturing in emerging markets. Initially, the prognosis was good with low costs and effective quality control, but as time went on, the advantages started to wane. Now, they are finding it is less expensive and of far better quality to manufacture in the U.S. In one case, an Indiana-based company, decided to expand its manufacturing base in New York and add 400 new jobs. Part of the answer is a more educated work force. The governments of emerging markets are another problem. Corruption is commonplace that adds to the complexity of the matter, getting the job done. Another factor that is helping the flight of manufacturing back to the U.S. is the cooperation of unions. In addition, the emerging markets do not have the same environmental quality control standards as exist in the U.S., as evidenced by the shoddy Chinese sheet rock example previously cited. Recently, it was brought to my attention that a manufacturer/importer of the apparel products were now having their apparel randomly tested by their customers (i.e., department stores) for environmentally-sensitive materials. Another boost for manufacturing is the assistance of government-sponsored programs to help build our manufacturing base. With all this being said, I said many years ago that it would only be a matter of time before the U.S. manufacturer would say, "There is no place like home." In March, The Institute of Supply Management reported that U.S. manufacturing activity continued to expand in March. That was the fourth straight month of growth. According to the financial data firm, Markit, U.S. manufacturing also posted its best quarter in two years. Stay tuned... Ralph Perna is an executive managing director at Newmark Grubb Knight Frank, Melville, N.Y....

T. Weiss Realty Corp. has completed eight new leases and renewals in its office portfolio totaling 24,795 s/f. T. Weiss, a family owned developer, owner and ...

According to Pliskin Realty & Development, sales associate Christopher Wierzbicki has brokered two retail space leases on Long Island totaling 5,500 s/f. The first lease ...

David R. Maltz & Co., Inc. has completed the expansion and relocation of its Plainview headquarters to Central Islip. Partner Richard Maltz, said, "We are ...

As an attorney representing businesses and homeowners in tax assessment appeals, I talk about real estate valuation all day. The most interesting topic of conversation ...

Five hundred supporters gathered together to celebrate the Long Island Housing Partnership's (LIHP) 25th anniversary. The event - held on April 11th at the Crest ...

Mario, D'Amore has joined Zere Real Estate Services as a New York State licensed salesperson specializing in commercial sales & leasing for office, industrial and ...

The city presented a proclamation to members of the Long Island Real Estate Group's (LIREG) New Generation group for their efforts in assisting the Martin ...

Name: Kimberly Alarcon Title: Marketing/Sales Coordinator Company: Alcott HR Location: Farmingdale, N.Y. Birthplace: Queens, N.Y. Education: State University of New York at Oswego First job outside of real estate: WRVO Radio ...

Name: Nina McCann Title: Director, Marketing & Public Relations Company: Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana LLP Location: Uniondale, N.Y. College: Queens College (Undergraduate) and Hofstra University (Graduate) First ...

Name: Lee Peretz Title: Marketing Director (& Immediate Past President/Board Member, PRPLI) Company: Anchin, Block & Anchin, LLP Location: New York, N.Y. Birthplace: Queens, N.Y. Education: B.S. in Business, SUNY ...

Name: Mindy Wolfle Title: Director of Marketing Company: Armao, Costa & Ricciardi, CPAs, P.C. Location: Garden City, N.Y. Birthplace: Brooklyn, N.Y. Education: Nassau Community College, SUNY Albany, Adelphi University, CUNY ...

I love my rotary phone! Those born in the 90's might not appreciate the reference. What I am really saying is that I love old-fashioned ...

BBS Architects, Landscape Architects & Engineers has completed the $7.5 million St. Dominic High School Science & Technology Building. The project converted a 60-year-old convent ...

Jim Morrelly had a vision to bring N.Y. from the aluminum age into the composite material age. Using grant dollars from the state, he went ...

Newmark Grubb Knight Frank (NGKF) vice chairman Brian Waterman, executive managing director Lance Korman and managing director Scott Berfas were recognized by members of the ...

One of the largest Asian restaurants in L.I. has completed $3.6 million in financing for its renovation, thanks to Real Estate Capital of America (ReCap). "The ...

Paul Sherrick, a seasoned appraiser with Sovereign Bank, addressed the attendees of the LICN meeting to give some valuable tips and an inside understanding of ...

Daniel Byrne has been a licensed real estate broker for the last seven years and is a happily married father of four. With more than ...

This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Discrimination ...

By Rosemary Mascali, LEED GA The mere mention of attempting to unclog Long Island's roadways illicit chuckles because of resigned indignation that traffic problems on Long ...

Michael Duckfield is a senior member of Vidaris' business development team. Vidaris provides niche consulting services for high-performance buildings. Its companies include Israel Berger & ...

Eileen Sullivan, a certified sustainable building advisor, and veteran employee of DiFazio Power & Electric, LLC in Deer Park chairs the education committee of the ...