Category: Long Island
Even in a stagnant market one thing increases - property taxes - by Brad and Sean Cronin
June 13, 2023
The value of your property has flattened, and rents are not increasing, yet your real estate taxes continue to escalate. The reason for this is because property taxes on Long Island are not solely tied to a property’s current market value. We’ve seen less activity in the
Hunt Corp. Commercial Real Estate Q&A: Usable and rentable square feet - by David Hunt
June 13, 2023
Q: Brokers seem to quote space as both useable and rentable square footage. What is the difference between rentable and useable square feet (s/f), and how are they both calculated? A: The space that a tenant can actually use is called “useable,” or sometimes “carpet-able,” square footage.
Manhattan Skyline Management and Isaacs and Co. broker lease for Diptyque
June 13, 2023
East Hampton, NY According to Manhattan Skyline Management Corp., French perfume house Diptyque is opening a boutique in the village at 11 Newtown Ln. this summer. Started by Christiane Montadre-Gautrot, Yves Coueslant and Desmond Knox-Leet
Should you accept a previous Phase One Environmental Site Assessment? - by Chuck Merritt
June 13, 2023
Many times, during a commercial real estate transaction that was not finalized, there is a Phase One Environmental Site Assessment (ESA) available. This may be the result of a buyer arranging one in which the seller was provided a copy. In some instances, a seller may tell the
Info Track program debuted at 35th annual Long Island Board of Realtors education conference and tra...
June 13, 2023
Woodbury, NY As part of the 35th Annual Long Island Board of REALTORS Education Conference and Trade Show, OneKey MLS, hosted its first-ever Info Track program, a hub of innovative training sessions and expert insights to help real estate professionals grow
Forchelli Deegan Terrana LLP congratulates Simoncic on being selected as one of Most Dynamic Women L...
June 13, 2023
Uniondale, NY Forchelli Deegan Terrana LLP congratulates Judy Simoncic, the firm’s deputy managing partner, and a partner in its Land Use & Zoning practice group, on being selected by Long Island Business News to be featured in the 2023 Long Island Business Influencers
Gottlieb of Schuckman facilitates $2.85m sale of 332 Atlantic Avenue - property and car wash
May 16, 2023
Oceanside, NY Schuckman Realty has sold a commercial property and car wash located at 332 Atlantic Ave. The property and car wash, which is located on the corner of Atlantic Ave. and Rockaway Ave., consists of a 3,000 s/f building on a 15,000 s/f lot.
Commercial Classroom: Back to basics of office buildings - by Edward Smith
May 16, 2023
Users or investors may purchase office buildings. Or tenants may lease part or all of a building. In all cases customers want to know the overall size and type of building. Most office buildings are classified as A, B or C, others are designed specifically for medical use.
Achieve sustainability and emission compliance goals with alternative fuels and advanced technologi...
May 16, 2023
Building owners and operators across New York are now faced with the need to comply with a host of new emission regulations coming from federal, state, and local governments. There are also industry standards and guidelines intended to reduce CO2 emissions, for example:
Varbero and Casagrande join Forchelli Deegan Terrana as partners in the securities litigation & regu...
May 16, 2023
Uniondale, NY Anthony Varbero and David Casagrande have joined Forchelli Deegan Terrana LLP’s (FDT) as partners in a newly-formed securities litigation & regulation practice group. Varbero and Casagrande co-chair this group.
Michelle Marie Zere of Zere Real Estate Services passes away at 56
May 16, 2023
Ronkonkoma, NY Michelle Marie Zere, a figure in the Long Island commercial real estate industry for over 35 years, passed away on April 2, at the age of 56. Michelle was a beloved daughter, sister, aunt, great aunt, and dear friend for many, who will be missed by all who
Intended vs. incidental third-party beneficiary status - by Bret McCabe
May 16, 2023
During the course of real estate development and construction operations, one issue that may arise during contract negotiation (and potential subsequent litigation) is whether or not the parties intend(ed) to confer beneficiary status to a non-signatory third-party.
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