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Ariel Property Advisors arranges $12 million
sale of 158,465 s/f development portfolio
April 8, 2025
Queens, NY Ariel Property Advisors (Ariel) arranged the sale of the Far Rockaway development portfolio, which consisted of three development sites totaling 158,465 buildable s/f in the Far Rockaway section of the borough. The portfolio traded for $12 million
Commercial classroom: How to list and price investment properties - by Edward Smith Jr.
April 8, 2025
You will need to determine the potential income for this year, subtract from that the projected owner’s expenses to determine the expected net operating income (NOI) for this year. Sounds simple but it’s only the beginning of the process.
The power and limits of eminent domain in the state of New York - by Jason Penighetti
April 8, 2025
If you own property adjacent to a main thoroughfare or near a blighted area, chances are you will eventually face a condemnation. Also known as eminent domain, condemnation is a powerful tool that allows governmental entities to acquire private property for projects benefitting the
Suffolk County Industrial Development Agency approves investment for Autronic Plastics expansion
April 8, 2025
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has approved a transaction that will allow Autronic Plastics Inc. a family-owned manufacturer and distributor of specialized molded plastic products and LED lighting fixtures, to renovate,
Hunt Corp. Commercial Real Estate Q&A: Hiring a tenant or buyer broker - by David Hunt
April 8, 2025
You are right to be circumspect about signing an exclusive contract with one broker, but not for the reason you name. Virtually all experienced brokers will have access to every potential available property in the marketplace. Even properties controlled exclusively by other
Town of Hempstead Industrial Development Agency gives preliminary OK to benefits for senior apartmen...
April 8, 2025
North Bellmore, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA) said the agency granted preliminary approval to a package of economic development incentives that will assist a developer in constructing apartments for 55
Mayor and Densen of Island Assocs. lease 4,554 s/f to Brownstones Coffee
April 8, 2025
West Islip, NY Christopher Mayor and Lawrence Densen of Island Associates brokered a long-term lease with Brownstones Coffee, for a 4,554 s/f stand-alone restaurant as part of a new center being built at 425 Union Blvd.
Romano of Metro Realty
Services negotiates three leases
April 8, 2025
Bohemia, NY Nicholas Romano of Metro Realty Services, LLC negotiated three leases totaling more than 14,000 s/f. Romano leased 6,000 s/f at 290 Knickerbocker Ave., to Shaolin Studios LLC.
IREON holds first Mix & Mingle of 2025 at Cushman & Wakefield’s Melville offices
April 8, 2025
Melville, NY IREON members gathered last month for their first Mix & Mingle of 2025. IREON executive committee member, Robert Kuppersmith of Cushman & Wakefield, hosted at the company’s 175 Broadhollow Rd. offices.
Brown Altman handles approvals for
first Wegman’s supermarket on Long Island
April 8, 2025
Melville, NY Brown Altman LLP, a law firm specializing in all aspects of real estate law, said that Keith Brown, founding partner of Brown Altman LLP, secured zoning approvals from the Village of Lake Grove that cleared the way for the development of Long
NYS Commercial Assn. of Realtors April 2025 president’s message - by Robert Strell
April 8, 2025
We have some terrific programs coming up which we hope you will take advantage of. On April 29, NYSCAR will be running “Finding Value in Overlooked Properties” a six-hour c.e. course at Herkimer College, 100
LeChase’s Victory Lofts project scores “Best of the Best” honor from ENR
April 8, 2025
Johnston City, NY LeChase Construction Services’ Victory Lofts project has been named the “Best of the Best” renovation/restoration project in the nation by Engineering News-Record (ENR). The honor recognizes how LeChase partnered with Paulus
CBRE Upstate NY leases 160,000 s/f
office space at Genesee Towers
April 8, 2025
Buffalo, NY CBRE Upstate NY, an affiliate of CBRE, and ORION Office REIT Inc. secured the lease of 160,000 s/f of office space to Ingram Micro as the first tenant to sign on at the rebranded Genesee Towers at 257 West Genesee St.
PREMIER Design + Build breaks
ground on 146,075 s/f logistics center
April 8, 2025
Montgomery, NY PREMIER Design + Build Group broke ground on the I-84 Logistics Center, marking its first collaboration with developer Ridgecut Road. “We are excited to work with the Ridgecut Road team and continue our growth in the New York market
Kennedy Wilson provides $104 million
senior construction loan for Ithaca Gateway
April 8, 2025
Ithaca, NY Kennedy Wilson has closed a $104 million senior construction loan for Ithaca Gateway, a 371-unit, 518-bed student housing development. The loan was provided to a joint venture led by Blue Vista, PeakMade Real Estate, and W5 Group for the development of a
Hartz Mountain Industries launches leasing for The Reserve at Estuary
April 8, 2025
Weehawken, NJ Hartz Mountain Industries, a family-owned and operated real estate company, has launched the leasing at The Reserve at Estuary, a new high-end rental development situated along the Lincoln Harbor waterfront
Princeton University to open Art Museum with inaugural exhibitions for new building
March 25, 2025
Princeton, NJ The Princeton University Art Museum will open its highly anticipated new building to the public on Friday, October 31, 2025, following a multi-year design and construction process first announced in 2018
Crow Holdings Development signs 146,000 s/f industrial lease
March 25, 2025
Carteret, NJ YunExpress, a global third-party logistics provider, has signed a 146,000 s/f, long-term lease at Crow Holdings at Carteret. The commitment at 400 Salt Meadow Road marks a regional expansion for YunExpress, which will
Resource Realty of Northern New Jersey arranges 57,000+ s/f of industrial leases
March 25, 2025
Hackettstown NJ In a series of recent industrial transactions, Resource Realty of Northern New Jersey (RRNNJ) has brokered five leases totaling over 57,316 s/f. The RRNNJ brokerage teams represented each of the landlords and/or tenants
Phillips of Largo Real Estate secured $16.5 million refinance
March 25, 2025
Buffalo, NY According to Largo Real Estate Advisors, Inc., Jack Phillips, principal, has successfully secured a permanent first mortgage to refinance the existing debt on a restored mixed-use property. This historic building