Spatola of Realty Connect completes
21,000 s/f office lease at 5 Orville Drive

Bohemia, NY Realty Connect Commercial Partners, a division of Realty Connect USA, completed a 21,000 s/f office lease at 5 Orville Dr. JoAnn Spatola of Realty Connect represented the tenant. Chris Costa of Rechler Equity Partners represented the landlord.

Urban Edge Props. signs retail stores to Huntington Commons’ new redevelopment

Long Island, NY Urban Edge Properties has signed Burlington to a long-term lease at Huntington Commons. This addition fills a vacancy created when Marshalls relocated to an updated space within the center. Prime Urgent Care has been signed to a 3,112 s/f lease

Brookhaven IDA closes on benefits package for $162 million Yaphank warehouse development

Yaphank, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) has closed on a package of economic incentives for a Yaphank warehouse project proposed by a New York City developer.

Racanelli Construction completes $6 million interior construction project for ShopRite

Huntington, NY Racanelli Construction Company, Inc. completed an interior construction project for a 65,000 s/f ShopRite supermarket located in the Huntington Commons Shopping Center.

Hunt Corp. Commercial Real Estate Q&A: Would you please explain rentable and useable s/f, and how are they both calculated? - by David Hunt

Q:  Brokers seem to quote space as both useable and rentable square footage. Would you please explain rentable and useable square feet, and how are they both calculated?

Cushman & Wakefield arranges 17,731 s/f lease for Trinity Solar

Plainview, NY Cushman & Wakefield has arranged a 17,731 s/f lease for Trinity Solar, Inc. at 137 Commercial St. Cushman & Wakefield’s Robert Kuppersmith, Connor Sullivan, Scott Schubert and Dan Johnsen represented the tenant in the transaction.

Strategies for reducing your property taxes in a troubled market - by Margo Tiffen

Retail and office owners are facing numerous challenges to remain profitable. During the pandemic, office occupancy rates plummeted due to the combined rise of the gig economy and the shift to remote work. Retail businesses, especially those that support office workers, have

McCoy and Miller join DGNY Commercial team

Melville, NY According to DGNY Commercial, two veteran commercial real estate brokers, Dennis McCoy and Marty Miller, have joined its team. Headquartered in Melville, the commercial real estate entity operates on Long Island, Brooklyn, and Queens

Sutton, Shapiro, Abbondandolo and Little of C&W arrange $22 million sale of 5,000 s/f retail property to LVMH

East Hampton, NY Cushman & Wakefield has arranged the sale of a 5,000 s/f retail property located at 1 Main St. The final sale price was $22 million. Cushman & Wakefield’s Jordan Sutton, Robert Shapiro, Dan Abbondandolo and Victor Little

JLL Capital Markets closes sale of 34,919 s/f plaza to Serota Properties for Heidenberg Properties

Hauppauge, NY JLL Capital Markets has closed the sale of Hauppauge Plaza, a 34,919 s/f, community-focused retail center on Long Island. JLL represented the seller, Heidenberg Properties. Serota Properties acquired the asset.