Category: Long Island
Murphy of Douglas Elliman leads 6 sale closings totaling $10.039 million
October 6, 2020
Bohemia, NY The Commercial Division of Douglas Elliman completed the following transactions: 4875 Sunrise Hwy.: A 26,000 s/f office building sold for $4.15 million. Michael Murphy of DE Commercial represented the seller, Romaz Properties and Greg Mogil of Mogil Realty represented
Hunt Corp. Commercial Real Estate Q&A: Tenant expansion options
October 6, 2020
Q: What is the best way to allow space expansion capability in our lease negotiations? A: Probably the most common lament that I hear one year after a tenant has occupied new space is
Marcus & Millichap completes sale/financing of 60,896 s/f ShopRite
October 6, 2020
Uniondale, NY Marcus & Millichap completed the sale and financing of a 60,896 s/f ShopRite grocery store. The property sold for $19.5 million. Wolfe and Glen Kunofsky in the firm’s Manhattan office represented the seller. Brad Nathanson of Marcus & Millichap’s Institutional Property Advisors (IPA) division in
Forchelli of FDT appointed trustee of Wagner College
October 6, 2020
Uniondale, NY Forchelli Deegan Terrana LLP’s (FDT) managing partner, Jeffrey Forchelli, was appointed a trustee of Wagner College, a private liberal arts college on Staten Island
Metro Realty Services handles $1.45m sale; leases 6,000 s/f total
October 6, 2020
West Babylon, NY Metro Realty Services, LLC completed the following transactions: Jeremy Hackett and Andrew Blumenthal of Metro Realty Services, LLC sold 11,312 s/f at 260 Montauk Hwy. in Bay Shore. Hackett and Blumenthal represented both
Commercial Classroom: The changing office environment - by Edward Smith
October 6, 2020
In the “old” day’s office space was figured at 250 s/f per employee, with each employee having their own desk and a significant number of private offices. In the 1980s, the firm Ernst and Young realized that most of their workforce spent most of
Nassau County IDA to support 101 Channel LLC proj.
October 6, 2020
Port Washington, NY The Nassau County Industrial Development Agency (NCIDA) has approved support for a $15 million investment by 101 Channel LLC, an affiliate of Lunar Module Park, LLC, to renovate a 100,000 s/f facility into a film studio. The former Publishers Clearing House building, located at 101 Channel Dr
Take measures to prevent cyber breaches - by Joseph Saracino
October 6, 2020
October is cyber security month and an excellent time for members of the real estate industry to review their current cyber security plan and take important steps to protect against cyber breaches. According to a KPMG report, over 50% of real estate businesses are not prepared for preventing a
Are you ready for the “new normal?” - by Paul Fetscher
October 6, 2020
The “new normal”… isn’t. We try to peer over the horizon to see what is ahead of us in the next quarter, next year and beyond. The picture is not very pretty. Retail real estate is different from any other type of
The value proposition of sustainable marine lumber - by Charles Zimmerman
October 6, 2020
Among New York’s greatest attributes are its many waterfront areas. Surrounded by the Atlantic Ocean, Long Island Sound and with countless rivers, lakes and arteries, it is a marine lover’s paradise. Striking the balance between conscientious commercial and
Sprouls joins Sutton Land Title Agency team as executive vice president
October 3, 2020
Valley Stream, NY Danielle Sprouls has taken the position of executive vice president at Sutton Land Title Agency.
Certilman Balin Adler & Hyman attorneys named to Super Lawyers list
October 1, 2020
East Meadow, NY According to Certilman Balin Adler & Hyman, LLP, Lisa Hunter, Allan Hyman, Donna-Marie Korth, Jaspreet Mayall, Thomas McNamara, Douglas Rowe, Howard Stein and Paul Sweeney have been named...
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