Long Island

Grassi & Co.’s 2019 Construction Industry Survey – The results are in!

Jericho, NY Industry survey highlights contractors remain optimistic despite facing significant challenges relating to regulations, labor conditions, environment, safety compliance, technology, cybersecurity and insurance. In order to take the pulse of today’s New York construction industry...

Newmark Knight Frank sells two class A Garden City buildings

Garden City, NY Global commercial real estate advisory firm Newmark Knight Frank (NKF) has completed the sale of 900 and 990 Stewart Ave., on behalf of The Davis Companies and Onyx Equities. Kevin Welsh, Brian Schulz, and Jason Emrani of NKF's capital markets team led the transaction...

Doshi, Schechtman and Mehra of Meridian Investment Sales to sell 21 Southampton condominiums

Southampton, NY Meridian Investment Sales has been exclusively appointed by the debtor to sell a substantially completed waterfront condominium project in the Town of Southampton through a bankruptcy court ordered sale. Senior executive managing directors, Amit Doshi and...

Douglas Elliman arranges four sales totaling $4.287 million; Also completes nine leases totaling 38,953 s/f

Holtsville, NY Douglas Elliman has brokered four sales totaling $4.287 million and nine leases totaling 38,953 s/f. The deals include the following:
• A 15-year lease of a 4,760 s/f space at $17 per gross s/f at 745 Waverly Ave., Holtsville.

Bohler completes $9.2M, 30,000 s/f Jorge Family Healthy Living Center; Designed by Hoffman Grayson Architect

Huntington, NY Several years ago, the YMCA was running out of space. After five decades of serving the community and growing to thousands of members, the organization sought to expand in order to continue delivering key services. Now, the grand opening of their new $9.2 million, 30,000 s/f...

Property of the Month: Crest Group breaks ground on Setauket Meadows in the Woods; Team includes: McDonough & Conroy, D&B and Luigi Pascarella

East Setauket, NY Founded in 2005, The Crest Group LLC is a vertically integrated real estate management firm. Their capabilities range from ground-up construction of entire communities, office complexes and retail plazas to owning and managing commercial buildings (office and retail), residential communities, and hotels....

Rechler leases 2,000 s/f micro unit to Technical Glazing Solutions; Khetaguri of Alliance Real Estate Corp. reps tenant

Westhampton, NY Rechler Equity Partners has completed a long-term lease at the first of 13 micro-units at 215 Roger’s Way in the Hampton Business District. Technical Glazing Solutions (TGS), a designer and installer of custom-made windows, will be moving into 2,000 s/f of the business park’s third completed building.

Freedberg of Suffolk Industrial Properties closes three sales totaling $5.36 million

West Babylon, NY Michael Freedberg, president of Suffolk Industrial Properties, has arrange three sales totaling $5.36 million. The deals include the following:
• 55 Kean St., West Babylon: Previously owned and occupied by Garal Industries,

Hunt Corp. Question & Answer: Presentation makes the difference

Q: We will be placing our industrial building on the market shortly.  What should be done to prepare the building for showing to prospective buyers?

Carello of KW Commercial brokers $754,600 sale

Valley Stream, NY Rick Carello of KW Commercial completed the $754,600 sale of 28 Brooklyn Ave. The five-unit multifamily dwelling is currently fully occupied and generates a 6.6% cap rate. The seller was Argent LLC and the buyer was K & S Capital Realty, an investment group from Queens.