Category: Long Island

Commack, NY Damianos Realty Group LLC has acquired the retail center located at 2160 Jericho Tpke. The 55,000 s/f center, which is on six acres with access from both Jericho Tpke. and Veteran’s Memorial Hwy., was purchased for $16.1 million from Toy Fields LLC.

Mineola, NY The team behind The Royal Blue hosted a ribbon-cutting ceremony to mark the official opening of its brand-new, 54-unit luxury apartment building. The event brought together local officials, project partners, community leaders, and guests for a morning of celebration

Commack, NY Two family-friendly concepts are joining Mayfair Shopping Center according to Levin Management Corp. (LMC). Indoor playground Kids Empire (21,000 s/f) and children’s fitness center My Gym (3,000 s/f) each will enhance the retail property’s experiential draw.

Middle Island, NY Black Bear Capital Partners (BBCP), a real estate financial advisory firm and subsidiary of Black Bear Asset Management (BBAM), advised on a $35 million development project on behalf of The Crest Group. The advisory work included arranging a $24 million construction loan for The Villas at Oak Run, a residential rental community which will be located at

Central Islip, NY Metro Realty Services, LLC negotiated two sales transactions. Jeremy Hackett of Metro Realty Services sold a 4,800 s/f industrial/warehouse building at 135 Brightside Ave. to Allstate Carburetor & Fuel Injection Inc. for $1.399 million. The building has

An attorney is an expert in legal language, that is, making sure that time-tested legal language is accurately describing the will of the parties. The proposed lease will also contain clauses that were not even contemplated in your negotiation for the space, such as condemnation, quiet enjoyment, non-disturbance or holdover rent. Hopefully, you have hired an attorney who is well-versed in commercial

Huntington, NY A1 Cares, the nonprofit division of A1 Roofing, hosted a spectacular fundraising gala at the historic Oheka Castle, raising nearly $200,000 in support of Kinexion, a Long Island-based network of nonprofits dedicated to enhancing the lives of individuals with various disabilities.

Smithtown, NY ERG Commercial Real Estate secured a $1.9 million acquisition loan for a neighborhood retail strip center located at 60 Terry Rd. The property, spanning 11,500 s/f, serves as a commercial hub in the community, offering convenient access to a variety of shops and services. The financing was provided by a community-focused bank institution, highlighting the strength

Massapequa, NY Robert Raffa of Island Associates Real Estate negotiated the sale of 1148 Hicksville Rd. for $820,000. The property is occupied by two tenants. The main floor is 1,305 s/f and is occupied by a law office with over 20 years of experience. Their space consists of three windowed offices,

As real estate agents and brokers we need to know the ADA laws that pertain to our business. We may also need to educate our clients and others about these regulations. The intention is to make buildings and other things accessible to people with disabilities. The Americans with Disability Act is a Civil Rights Law, which is enforced by the US Department of Justice. It focuses on various

Hauppauge, NY Easterly Group LLC and CRA Realty brokered a long-term class A office lease at Crossroads Corporate Center. Ace Consulting Partners Inc., a merchant cash advance firm providing funding to businesses of all types across the country, leased 2,750 s/f of office space at 1383 Veterans Memorial Hwy.

Hempstead, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA), said that a Nassau State Supreme Court justice has dismissed a lawsuit brought by four Valley Stream school districts seeking to overturn five-year extensions of tax breaks provided by the IDA to the owner of Green Acres Mall and an adjacent shopping center.