News: Spotlight Content

Joseph Kearney, Nassau County IDA

What was your most notable project, deal, transaction or personal achievement in 2014? For the Nassau County IDA, an economic development compact that will keep Dealertrack Technologies Inc. on Long Island was the agency's most-notable transaction of 2014. The compact, which includes a 15-year PILOT program and sales tax and mortgage-recording tax abatements, will allow Dealertrack to relocate from Lake Success to a new, $112 million, 233,000 s/f headquarters building in North Hills. The company had been courted by Texas, Utah, Florida, New Jersey and South Carolina. The two-year project is expected to create 522 construction jobs, retain 367 existing jobs and create 357 additional jobs at the company. which provides computer services for automobile dealers. The average annual salary at the company, exclusive of benefits, is $96,000. New York's Empire State Development Corp. also provided incentives. X-Cell-III Realty Associates LLC, a joint venture of Castagna Realty of Manhasset and Tritec Development of East Setauket, are the owners of the new Dealertrack HQ.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

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
2026 Developing Queens: Long Island Board of Realtors  advances commercial growth and advocacy in Queens

2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens

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
CRE Guide Featured Company: Merritt Environmental Consulting Corp.

CRE Guide Featured Company: Merritt Environmental Consulting Corp.

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.
New York’s streets are full again, and the retail numbers prove it - by Noam Azia

New York’s streets are full again, and the retail numbers prove it - by Noam Azia

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.