Local #7 Plumbers & Steamfitters owned their facility at 307 Wolf Rd. for 20 years. However, positive growth of their business and training programs led to their need for a larger facility. Conley Associates was retained as a buyer broker. Conley assisted in identifying the requirements and market options, as well as negotiating and facilitating a purchase for a suitable property. Local #7 closed on the 16,000 s/f building at 18 Avis Dr. for $950,000.
Business manager Ed Nadeau said, "Conley Associates was instrumental in the purchase of our new facility. Their experience and skills were invaluable for the multi-aspects of a commercial property acquisition."
Douglas Marr, CCIM, of Conley brokered the deal. The facility was purchased from Jim DeBerry.
Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account