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Architecture Studio: Innovating architectural design with City of Yes building codes - by William G...
February 11, 2025
Our goal at Architecture Studio has always been to design strong, beautiful, and functional structures. As a result of NYC’s City of Yes zoning amendments, urban development potential is being maximized. Licensed in New York, New Jersey, and Connecticut, we specialize in residential, commercial, and institutiona
Modern economic development requires educational development - by Stacey Duncan
February 11, 2025
When I was growing up in Broome County, obtaining a high-quality home-grown education meant you could – upon graduation – have your pick of high-quality home-grown economic opportunities. Even as the presence of once-robust local giants like Singer Link and IBM dwindled while I was in school
Public policy effects on real estate - by John Rynne
February 11, 2025
Much of the health of the real estate industry is due to government policy. It makes perfect sense that the real estate industry and the appraisal industry go hand in hand. If the real estate industry is booming or sinking, so is the appraisal industry and vice versa. With the relatively high interest rates of the past
Deferring capital gains from the sale of appreciated investment properties - by Michael Packman
February 11, 2025
When investing in real estate, the key is to buy a property well and then sell it for a profit at some point in the future. While real estate values may be down from their peak values a few years ago, investors that have owned properties for several years likely still have unrealized gains in value. Many investors know they
NYC agencies abandon mission statements, escalate anti-taxpayer policies amidst tax assessment cont...
February 11, 2025
While it is very upsetting news to publicize, two New York City agencies have abandoned their mission statements (psst, to correct real estate tax assessment errors). As a practitioner in the field and as a member of the New York City Bar Association, it is necessary to highlight just how anti-taxpayer these institutions
Hackett of Metro Realty Services brokers three deals for $6.55 million
February 11, 2025
West Babylon, NY Jeremy Hackett of Metro Realty Services, LLC negotiated three sale transactions totaling $6.55 million. Hackett sold 4,600 s/f at 441 Falmouth Ave. to 441 Mangano Realty Corp for $1.5 million.
Nelson + Pope promotes Gurnick to senior associate partner
February 11, 2025
Melville, NY Nelson + Pope (N+P) has promoted Keith Gurnick, RA, LEED AP to senior associate partner. Gurnick will continue to lead and develop the architectural team while focusing on broadening the department’s range of services, projects, and markets. With over 30 years of experience, Gurnick’s
Delisle and Buono of Island Assocs. Real Estate sell 5,200 s/f industrial/warehouse
February 11, 2025
Islip, NY Roger Delisle and Richie Buono of Island Associates Real Estate Inc. negotiated and closed the purchase and sale of a 5,200 s/f industrial/warehouse building located at 205 Brookville Ave. The warehouse section of the building has over 20 ft. of clear space below the steel,
Premier Care signs 56,500 s/f
lease at BEB’s 100 Marcus Blvd.
February 11, 2025
Hauppauge, NY BEB Capital (BEB) said that Premier Care Industries has signed a 56,500 s/f lease at 100 Marcus Blvd. The property will be used as one of Premier Care’s logistics warehouse.
Brown Altman & DiLeo handles leasing for ConnectOne Bank’s new location
February 11, 2025
East Hampton, NY Brown Altman & DiLeo, LLP after extensive negotiation, David Altman, founding partner of Brown Altman & DiLeo handled a commercial leasing transaction on behalf of ConnectOne Bank. This new full-service branch is located at 78B Park Pl., securing a long-term commitment for the
Real estate taxes increase? Maybe the roof is to blame - by Douglas Atkins
February 11, 2025
When the growth of the property tax expense outpaces rental revenue, property owners must be creative in an effort to maximize their net operating income (NOI). For decades, savvy property owners have been utilizing their roofs for just that. The roof can be a valuable asset in two main areas: installation of
Hunt Corp. Commercial Real Estate Q&A: Commercial real estate designations - by David Hunt
February 11, 2025
The Master of Corporate Real Estate (MCR) is granted by Corenet International, a worldwide organization of corporate real estate executives. The coursework has a strong financial component, which emphasizes the critical need for understanding corporate real estate’s linkage to the corporate bottom line.
Inspire Design Creative Studio partners with MarkMaster to serve Tampa area
February 11, 2025
Garden City, NY Inspire Design Creative Studio, a full-service artwork, design consulting and management firm has partnered with MarkMaster Inc., a premier manufacturer of custom and stock identity solutions located in Tampa, FL, to supply design solutions for commercial spaces across corporate,
Kleinberg of Tri-State Properties sells 10,000 s/f mixed-use building for $1.66 million
February 11, 2025
Babylon, NY Ron Kleinberg of Tri-State Properties brokered the sale of this retail/apartment building on Main St. for $1.664 million. Tri- State Properties was the exclusive selling broker representing both the seller and buyer. The two-story building totaled 10,000 s/f which included a 3,000 s/f
The Feil Organization secures two leases totaling 31,320 s/f at 1305 Walt Whitman Rd.
February 11, 2025
Melville, NY The Feil Organization signed two leases totaling 31,320 s/f at 1305 Walt Whitman Rd., a class A office building. The Long Island Board of Realtors signed a 24,585 s/f, 15-year lease across the third floor while existing tenant Medigap Life LLC relocated within the building
Cronheim Mortgage finances 69,350 s/f retail center
February 11, 2025
Medford, NY Cronheim Mortgage has arranged $3 million in financing for a 69,350 s/f shopping center located in Suffolk County. Allison Villamagna and Andrew Stewart placed the financing with one of its portfolio lender relationships and will act as correspondent and servicing agents. The financing was
Greystone provides $11.7 million in Fannie Mae
DUS financing for 61-unit Wellington Park Villas
February 11, 2025
Amityville, NY Greystone provided a $11,749,000 Fannie Mae Delegated Underwriting & Servicing (DUS) loan to refinance a 61-unit multifamily property. The financing was originated by Jesse Yodice, director at Greystone.
2024 Upstate New York apartment market - by Brian Heine
February 11, 2025
Two recent high profile court cases illustrate the difficulties facing the real estate business in New York state. Robert Morgan of Rochester settled his long-running mortgage fraud case for $16.3 million and a single guilty plea while also admitting to no guilt or wrongdoing. The FBI had
February 2025 NYSCAR president’s message - by Robert Strell
February 11, 2025
The New York State Commercial Association of Realtors Board of Governors met on Tuesday, February 4, 2025 at the Crowne Plaza Desmond Hotel in Albany. The following officers were installed for 2025: Robert Strell, WNY, president; Mercedes Brien, Rochester, first vice president; Carolyn Vinci, WNY, second vice president;
Appraisal Institute’s Upstate courses scheduled in February and May 2025
February 11, 2025
Rochester, NY The Upstate New York Chapter of the Appraisal Institute has two classes currently scheduled for real estate appraisers for continuing education (CE). The February 21st seminar will be the seven hour Residential & Commercial Trends in Ellicottville at the Holiday Valley Resort & Conference Center