Long Island

CIBS Long Island endorses Westbury Village rezoning effort; Would create transit-oriented neighborhood

Westbury, NY Doug Omstrom, a former president of the Commercial Industrial Brokers Society (CIBS) of Long Island, told a Westbury Village board of trustees hearing that Long Island’s largest commercial brokers group supports the village’s proposed rezoning plan to transform a degraded ...

BOMA Long Island to hold Summer Social at Verona Restaurant on August 22nd

Melville, NY BOMA Long Island will hold “Building Relationships with BOMA” on August 22. Be a part of  this year’s Summer Social at Verona Restaurant, 1255 Melville Rd. Attendees will enjoy a night of mingling outdoors, over cocktails and dinner. The event will run from 6 to 10 p.m.

Kensington Vanguard National Land Services acquires Legal 1031; Pajonas and Scheriff to oversee Melville operations

Melville, NY Kensington Vanguard National Land Services (KV), one of the leading title insurance and settlement agencies in the U.S., has acquired  Legal 1031 Exchange Services, LLC (Legal 1031), one of the largest independent 1031 exchange service providers in the eastern United States.

Racanelli secures $4 million in financing for 80,000 s/f Melville industrial property

Melville, NY Racanelli Realty Services, Inc. has completed a financing transaction valued at $4 million for the lender, Assurant Real Estate, a division of Assurant Asset Management. The financing, handled by the company’s commercial real estate financing division, was for the refinancing of an 80,000 s/f

Voices of Truth to honor Bloch September 25th

Jericho, NY Five years ago, Jack Britvan, SIOR, president of Commercial Realty Services of Long Island, set out to educate people about Hate on College Campuses (BDS) and the lack of Holocaust and other genocide education in the public schools. Within a year of creating Voices for Truth and Humanity...

Aquino of JAACRES Commercial Realty completes two
Southampton retail leases totaling 2,600 s/f

Southampton, NY Joseph Aquino, president of JAACRES Commercial Realty, has arranged two retail leases totaling 2,600 s/f. In the first deal, Aquino leased 1,800 s/f at 52 Jobs Ln. to The White Co. for a pop-up store. "We are thrilled to have this wonderful U.K....

Axis Construction Corp. recognized for three awards at the Modular Building Institute’s 2019 Awards of Distinction

Hauppauge, NY For 25 years, Axis Construction Corp. has been recognized as an innovator in construction, design, and management services – consistently raising the industry standard for the building community. Axis has been honored with numerous awards in the past and has recently...

Silber of Silber Investment Properties arranges $8 million sale; 13,000 s/f retail building sold to JRI 28CI LLC; NNN leased to CVS

Central Islip, NY JRI 28CI LLC, a New York City-based real estate investment group, has purchased a retail property for $8 million from Pandem Enterprises. The 13,000 s/f retail building is located on 1.31 acres at 2-8 East Suffolk Ave. and has a NNN leased CVS drugstore as the tenant. Adam Silber of Silber Investment Properties (SIP) represented the buyer,

Hunt Corp. brokers $1.4 million sale to U.S. Naval Facilities for water treatment plant

Bethpage, NY Hunt Corporate Services, Inc. has brokered the sale of 11 Union Ave. to the U.S.A., acting by and through the Naval Facilities Engineering Command. Naval Facilities plans to develop the 1.25-acre site and erect a water treatment plant. David Hunt of Hunt Corp.

Hunt Corp. Question & Answer: Cashing in your chips

Q: We have owned a 50,000 s/f warehouse building that houses our distribution business for many years.  What is the best way to unlock the equity in the building in this hot real estate market?