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Real estate affected by new tax law: Investments in real estate continue to be a tax-favored activit...
May 1, 2018
Every new tax law comes with opportunities and pitfalls. The popular press has provided extensive – if sometimes superficial – coverage of the changes: lower tax rates for businesses, the restrictions on itemized deductions for individuals. Some practitioners have been advising clients to make substantial changes to their business structures while others have been advising caution.
Considerations in deciding to include arbitration provisions in your construction contracts - by And...
May 1, 2018
When drafting and negotiating contracts with an architect, general contractor, construction manager, or even trade contractors, one important choice a developer or property owner faces is whether to litigate any potential disputes in a court of law, or to include a provision in the contract to compel arbitration instead.
NERP acquires 4.07 acre site to develop Tractor Supply Co. anchored shopping center
May 1, 2018
Medford, NY New England Retail Properties, Inc. (NERP) has acquired 4.07 acres of commercial land on Rte. 112, Patchogue-Middle Island Rd. for the purpose of developing a small shopping center to be anchored by Tractor Supply Co. (TSC) of Brentwood, TN.
Delisle of Island Assocs. arranges 15-year, 18,000 s/f lease for Gold’s Gym
May 1, 2018
Middle Island, NY Roger Delisle Jr. of Island Associates brokered a 15-year lease agreement with Gold’s Gym for a portion of the shopping center located at 1245 Middle Country Rd.
Dorman of Hunt Corp. brokers $1.125 million sale of 9,500 s/f office
May 1, 2018
Commack, NY Hunt Corporate Services, Inc. has completed the sale of a 9,500 s/f suburban office building at 354 Veterans Memorial Hwy. for $1.125 million. An investor bought the building, which has a healthy tenant mix of attorneys, accountants, physicians, and non-profits. The three-story building is part of an office park at the entrance to the Northern State Pkwy. that was originally built in the 1980s by developer Herman Udasin.
Schuckman adds Gamer to investment sales team
May 1, 2018
Lake Success, NY Schuckman Realty has added Ilya Gamer to their investment sales team. He is an off-market specialist in the sales and acquisition of all commercial property types in NYC with an emphasis on high street retail and new developments.