News: Spotlight Content

Roger Delisle, Island Associates Real Estate

What was the best thing that happened to you or your firm in 2014? Island Associates secured leases in 2014 with retail businesses including Crunch Gym, QuickChek, McDonald's, Dollar Tree, Tropical Smoothie, Energy Fuel and Sprint, Long Island Fitness and Wellness. We Create Value. What was your most notable project, deal, transaction or personal achievement in 2014? Island Associates leased 20,000 SF to Crunch Gym at 369 Little East Neck Road in West Babylon. Island Associates leased 1.12 Acres to QuickChek at in 648 Motor Parkway, Hauppauge, NY. (first store in town of Islip) 2nd on LI Island Associates leased 3,000 SF padsite to McDonald's at 1245 Middle Country Road, Middle Island. Anchor King Kullen Island Associates leased 10,500 SF to Dollar Tree at Fulton Plaza in Farmingdale, NY. Island Associates conducted 3 lease transactions for Tropical Smoothie in Hauppauge, Hicksville, and Syosset. What are you looking forward to accomplishing in 2015? Everything I have built upon in 2014 to close in 2015...positive thinking. What are some of your real estate predictions for 2015? " I will get older, my kids will grow faster and more transactions for Island
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Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
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Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

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”.
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary