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.
Queens, NY Asset CRG Advisors brokered one of the largest Opportunity Zone development sales in the country — a transformative site in the heart of downtown Jamaica. Managing partners Yuriy Ustoyev and Sadya Liberow represented both buyer and seller in the $59.7 million transaction
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
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
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.
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