Category: Long Island
Midwood secures $30 million construction loan for Eastgate Plaza;
Financing arranged by Estreich...
May 7, 2019
Garden City, NY Manhattan-based real estate company Midwood Investment & Development has secured a $30 million construction loan for Eastgate Plaza, a new retail development located at 867 East Gate Blvd. in The Roosevelt Field Mall corridor.
Schorr of Realty Insight reps buyer in $2.12 million sale
May 7, 2019
Brentwood, NY Chris Giacalone of Roberts Equities has purchased 710 Suffolk Ave. for $2.12 million. The 3,362 s/f property on 0.89 acres is leased to Citibank. The buyer was represented by Neil Schorr
Hempstead IDA approves benefits for Beechwood’s $110 million development
May 7, 2019
Westbury, NY According to Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), the agency has given preliminary approval to a request for benefits from the Beechwood Org.,
EBG celebrates ribbon cutting of 200,000 s/f assisted living facility
May 7, 2019
Jericho, NY In a ribbon cutting ceremony, The Engel Burman Group (EBG) officially opened The Bristal at Jericho, the 17th community of The Bristal in EBG’s expansive assisted living portfolio.
Arbitration versus litigation in construction contracts: Considerations to take into account - by An...
May 7, 2019
One of the many important choices a developer or contractor faces when it prepares its construction contracts is whether to include an arbitration provision to resolve disputes or litigate any disputes in a court of law.
Amazon’s Long Island City decision and the public outrage: Understanding the facts - by Ralph Pern...
May 7, 2019
Amazon is one of the largest companies on the planet. It has revolutionized the retail industry, created a new platform, and in some cases, ran companies out of business. Amazon has been entering new markets on a regular basis
Subleasing basics: Protecting the unwary subtenant’s interests in its premises - by Matthew Zangwi...
May 7, 2019
A sublease might seem a simple transaction since the hard work of negotiating the master lease is done and its terms will be incorporated into the sublease by reference. However, the existence of the master lease...
Understanding licenses and leases – A three-part series: “Cleaning up” contractual language - ...
May 7, 2019
New York boasts a veritable “laundry list” of cases that examine the distinction between a license and a lease in the context of agreements to operate washing machines. In Wash-O-Matic Laundry Co., Inc. v. 621 Lefferts Ave...
Digital technologies: Utilizing augmented and virtual realities in real estate marketing - by Ron K...
May 7, 2019
Technology plays a huge part in how we interact in both business and everyday life. What was once clunky and difficult is now seamless, intuitive, and imperative to our daily operations. Augmented reality and virtual reality are two technologies
Schneider and Inserra of NAI Long Island arrange 2,400 s/f office lease
May 7, 2019
Hauppauge, NY Paul Schneider, senior director, and Carmine Inserra, principal, of NAI Long Island, represented the landlord in the lease of 2,400 s/f of office space located at 2150 Joshua's Path
Commercial Classroom: Commission challenges - by Edward Smith
May 7, 2019
Our goal as brokers and agents is to be appropriately compensated for the skills that we bring to the transaction. In simple terms, to be paid a full commission for completing a sale or lease of property. In our quest to be properly...
BOMA LI to hold Casino Night and Cocktail Party on May 9th at RXR
May 7, 2019
Melville, NY BOMA Long Island will hold its Casino Night and Cocktail Party on Thursday, May 9th at RXR - 68 South Service Rd., Lower Level from 6 to 10 p.m. BOMA members are free
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