Category: Long Island
What is the “Good Guy Clause” in commercial real estate? Understanding the term - by Ron Koenigs...
November 4, 2019
In commercial real estate there are many terms and phrases that are often tossed around like the “Good Guy Clause,” but how many of them are actually understood inside and out? As a leading professional in the commercial real estate industry, we feel it is our obligation to provide our audience and clients...
Mandel, Rizzi, Schrenk and Cruz of JLL close retail property sale
November 4, 2019
Oceanside, NY JLL has closed the sale of a single-tenant retail building leased to Party City. JLL marketed the property on behalf of the seller. Consolidated-Tomoka Land Co. purchased the asset. The sale price was not disclosed and there was no buyer representative.
TRITEC Real Estate holds ribbon cutting for two LEED-certified buildings at Alston Station Square
October 1, 2019
Ronkonkoma, NY Elected officials and local business and civic leaders attended a ribbon-cutting for the first two buildings in Alston Station Sq. in the Ronkonkoma Hub, a $750 million, 53-acre mixed-use development. Alston, phase one of the Ronkonkoma Hub, has...
Zere Real Estate Services completes $1.401 million sale of 8,000 s/f industrial building in Holbrook...
October 1, 2019
Holbrook, NY Zere Real Estate Services sold an 8,000 s/f industrial building for $1.401 million on 0.73 of an acre near the Veterans Hwy. MacArthur Airport Business Corridor. Marie Zere, president & CEO and Michael Zere, executive vice president....
Lally joins FDT’s construction practice as partner; Was previously of counsel at law firm
October 1, 2019
Uniondale, NY Forchelli Deegan Terrana LLP (FDT) has welcomed Robert Lally to its construction practice group as a partner. Prior to joining FDT, Lally, a Bethpage resident, was of counsel at a Bethpage-based law firm.
Five Point Real Estate arranges two sales totaling $3.815 million and a 5,739 s/f lease
October 1, 2019
Brookhaven, NY Five Point Real Estate has arranged three deals that include two sales totaling $3.815 million and a 5,739 s/f lease. The deals include the following:
Weiss of T. Weiss Realty reps landlord and tenant in 6,000 s/f office lease
October 1, 2019
Melville, NY According to T. Weiss Realty Corp., a family-owned developer, landlord and manager of commercial real estate, Sphere, a payments technology and software company, has relocated and expanded its executive offices within its 500,000 s/f office portfolio.
Hunt Q&A: Harnessing the brokerage community
October 1, 2019
Q: I have vacant space available in an office building that I want to lease out. What is the best way to work with brokers? Should I be hiring an exclusive agent?
A: While no one broker makes a substantial percentage....
The importance and value of an effective mentorship - by Ron Koenigsberg
October 1, 2019
Most people would agree that in their professional lives they have experienced and engaged in some form of mentorship. In fact, in recent research done by Kabbage, a small-business investment loaner, they found that 92% of small business...
Carello of KW Commercial arranges $850,000 sale
October 1, 2019
Plainview, NY Rick Carello of KW Commercial completed the $850,000 sale of 811 Old Country Rd. The transaction was funded by private equity. The 3,559 s/f office building will be partly owner occupied.
Ferraro and Forbes of Daniel Gale Sotheby’s broker $6.175 million sale; 14-room Gansett Green Mano...
October 1, 2019
Amagansett, NY Daniel Gale Sotheby’s International Realty, has handled both sides of the $6.175 million sale of Gansett Green Manor. Lisa Ferraro and Dana Forbes of Daniel Gale Sotheby’s International Realty listed and sold...
Colliers reps Woodmont Industrial in acquisition of 130,565 s/f property
October 1, 2019
Shirley, NY Woodmont Industrial Partners has acquired 100 Precision Dr., a community in the town of Brookhaven on the South Shore of Long Island. The property, a 130,565 s/f industrial property, is located less than a half mile...
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