Coldwell Banker Commercial Island Corporate Services is pleased to present Long Island’s office and industrial market reports for the first quarter of 2019. Projected employment gains are expected to help grow demand on top of the first quarter’s robust office leasing performance—the highest in nearly three years at 429,210 s/f.
Q: We own an office building on Long Island that houses our own offices, as well as several tenants. We recently had a tenant close his doors after only a single year of occupancy. How do we avoid this in the future?
This Edward Smith’s 200th column with the New York Real Estate Journal. The column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. New Hyde Park, NY
Serving the Herricks Union Free School District, general contractor Stalco Construction and architect BBS Architects, Landscape Architects and Engineers have completed the renovation and expansion of Herricks High School’s cafeteria into a 7,000 s/f café and commons.
Richard Cohen, president of Ashlind Properties, an industrial/commercial Realtor, has brokered the following three deals. Cohen represented Corfu Property LLC, the seller, in the $3.284 million sale of 165 Oval Dr. The buyer, Island Industries Corp...Freeport, NY
Gary Pezza, senior director, and John Simone, principal, of NAI Long Island, represented the seller, 47 North Main LLC, and the buyer, Delmont Health Care, in the sale of 47 North Main St. The property is a 2,200 s/f, two-story office building. Port Jefferson, NY
SVN | Realty Three Advisors LLC’s Naji Nizam has been elected to serve on the board of directors of Port Jefferson’s Business Improvement District (BID). lready active in community affairs and recognized locally as...Ronkonkoma, NY
Zere Real Estate Services, a commercial real estate company, has sold a 2,500 s/f commercial industrial R&D condominium at 144-1 Remington Blvd. Michael Zere, executive vice president at Zere Real Estate, represented both parties...
According to T. Weiss Realty Corp., a family-owned developer, landlord and manager of commercial real estate, Daniella Gonzalez has been promoted to operations associate.Plainview, NY
According to Nassau County executive Laura Curran, the Nassau County Industrial Development Agency (IDA) has approved a package of economic incentives that will assist a senior housing developer convert a shuttered....