What are your predictions for commercial real estate in 2014?
We will continue to see recovery in the Long Island commercial office space market attributable to overall improvements in the economy. I can't say that it will be a 'landlord's market' in 2014, but we are seeing the pendulum start to swing slightly in favor of landlords as it relates to lease terms and as compared to the last few years. I also anticipate continued strength in multifamily properties in markets with strong demographics, including secondary and tertiary markets.
What are your resolutions for 2014?
"We have one of the strongest platforms for ownership and management of suburban commercial office and multifamily properties, and these platforms are very scalable. I resolve to continue our focus on growing both platforms in those markets in which we've developed significant expertise."
This special section will feature projects completed within the past six months as well as projects that are currently under construction across Long Island, submitted by developers, general contractors, construction managers, and architectural firms.
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach