CIBS releases the executive board for 2023-2024 with co-presidents

Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS) has released the list of executive board members for 2023 – 2024. For the first time in the association’s history, two members have been selected to serve as co-presidents

Nelson + Pope and Nelson Pope Voorhis promote Perrotta and Reiner to partner

Melville, NY Nelson + Pope (N+P) alongside their environmental affiliate Nelson Pope Voorhis (NPV) have promoted two leaders. John Perrotta, PE of N+P, and Brant Reiner of NPV have each been promoted to partner of their respective firm.

Island Associates negotiates five lease agreements totaling 14,512 s/f

Middle Island, NY Island Associates negotiated five lease agreements for retail and office space at various properties. The Guitar Shoppe entered a lease agreement for 1,800 s/f of retail space at 1293 Middle Country Rd. on a long-term lease. The Guitar Shoppe

Alberts appointed vice-chair of New York State Bar Association Trusts and Estates Law Section

Uniondale, NY Stephanie Alberts, partner and co-chair of the firm’s tax, trusts & estates practice group of Forchelli Deegan Terrana LLP has been appointed as a vice-chair of the continuing legal education committee of the New York State Bar

P.W. Grosser Consulting hires three new associates and promotes six

Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) has hired three new associates for the engineering, environmental, environmental compliance and human resources division. Alejandro Zapata, project engineer at PWGC, has a wealth of experience in construction

Governor Hochul vetos legislation that would increase real estate taxes on condominiums and cooperatives - by Michael Schroder

On December 22, 2022, governor Hochul vetoed Senate Bill S5946B, which passed both the Assembly and the Senate by votes of 143-3 and 38-25 respectively.  The bill would have changed the valuation methodology mandated by state law for new condominiums and cooperatives

Northmarq arranges $80.084 million in refinancing for Roosevelt Raceway Center - grocery-anchored center contains 428,483 s/f on 48 acres

Westbury, NY Robert Delitsky, senior vice president/managing director of Northmarq’s New York City office collaborated with Charles Cotsalas, senior vice president/managing director of Northmarq’s Long Island office, to arrange $80.084 million

Commercial Classroom - by Edward Smith, Jr.

New Year’s Resolutions for Commercial Real Estate Agents 1. Meet two building owners or tenants in your town every day. Systematically meet every business owner in your town. Two a day, ten a week, forty prospective clients/customers a month; you will become “The Commercial

Guarino and Flaccomio of ERG Commercial Real Estate provide $2.5 million refinance for mixed-use

West Hempstead, NY ERG Commercial Real Estate through an affiliate, delivered a $2.5 million cash out refinance loan to the owner of a mixed-use property containing 13 apartments and two retail units. The 13,526 s/f, two-story brick property located at 102-110 Hempstead Tpke.

Urban Edge Properties leases 7,299 s/f at Huntington Commons

Huntington, NY Urban Edge Properties has signed a total of 7,299 s/f in new leases at Huntington Commons as the center undergoes a multi-million-dollar redevelopment. CycleBar, GOLFTEC and iStretchPlus are moving into space vacated by Outback Steakhouse