Long Island

Metropolitan Realty Associates secures long-term lease with Lumber Plus

Ronkonkoma, NY Joe Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), has completed a 10-year lease for the entire 33,000 s/f building located at 2175 5th Ave. The lease agreement was inked with Unitta Exotique Woods Corp

Forchelli Deegan Terrana LLP partner Daniel Deegan elected to the Long Island Builders Institute’s Board of Directors

Uniondale, NY According to Forchelli Deegan Terrana LLP, Daniel Deegan, a partner and chair of the firm’s IDA Benefits and Government Incentives practice group, was elected to the Long Island Builders Institute’s Board of Directors

Commercial Classroom: Creating Opportunities - by Edward Smith, Jr.

As we start thinking about 2024, we need to set our goals for the year and create plans for how to achieve them. What are your goals for yourself, your family, and your business? It is important to write down your goals, as doing so implants them in your subconscious mind. It helps remind

CIBS Long Island honors outstanding
achievements in real estate

Huntington, NY During the annual meeting, the Commercial Industrial Brokers Society of Long Island (CIBS) shone a spotlight on the industry’s best and brightest in their annual awards ceremony. Among this year’s honorees was Melissa Naeder, a senior director at Cushman & Wakefield

B2K Development and Harrison Street sell 225-unit Sutton Landing at Mount Sinai to Fairfield Properties

Mount Sinai, NY Representatives of CBRE, led by the joint efforts of the N.Y. metro institutional sales team led by Jeff Dunne and Eric Apfel and the CBRE senior housing team led by Aron Will, John Sweeny, and Scott Bray negotiated the sale of Sutton Landing at Mount Sinai

Island Associates R.E. brokers three
leases totaling 14,400 s/f

Hauppauge NY Island Associates Real Estate Inc. brokered three leases totaling 14,400 s/f. Island Associates negotiated two new lease agreements for office spaces at 490 Wheeler Rd. CrowdVest Funding signed a long-term lease for 4,100 s/f of office space.

Nassau IDA approves transaction
for 60-unit apartment building

Great Neck, NY The Nassau County Industrial Development Agency (IDA) has approved a transaction for Gesher Center LLC to construct and equip a new four-story, 88,000 s/f apartment building at 733-741 Middle Neck Rd. and 6-8 North Rd.

Federal Realty Investment Trust adds four new tenants at Huntington Shopping Center

Huntington, NY According to Federal Realty Investment Trust, Willliams Sonoma, J.Crew, Paris Baguette and BFT Fitness have all signed leases to join The Container Store and Whole Foods Market at Huntington Shopping Center as part of its $75 million redevelopment. Following the project’s inception in early 2022

Hackett of Metro Realty Services brokers
four sales - $6.385 million

Wyandanch, NY Jeremy Hackett of Metro Realty Services, LLC negotiated four sale transactions. Hackett sold 3,250 s/f at 406 Long Island Ave. to MBG Marble & Granite LLC for $840,000. Hackett represented the buyer and the seller, Long Island Ave LLC.

Hunt Corp. Commercial Real Estate Q&A: Maintaining flat roofs and your sanity

Q: We spent a significant amount of money to repair the flat roof on our commercial building about four years ago. It is already leaking again. How do we maintain our roof and our sanity?A: The major problem with flat roofs is that they are flat! This means there is often an opportunity for water and debris to collect.