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Hunt Corp. Commercial Real Estate Q&A: Buying for resale value - by David Hunt
January 14, 2025
I have five criteria for you to consider that will help boost the future value of your real estate. But first and foremost, the building must suit your own needs today. Don’t get so caught up in the investment side of the acquisition that you ignore your company’s business
Island Assocs. brokers two long-term lease extensions at Strathmore Commons
January 14, 2025
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated a long-term lease extension with FuRong Chinese Restaurant for the 3,180 s/f they occupy at Strathmore Commons. FuRong has been a tenant for over 20 years at Strathmore Commons
PX4 Development opens 14th
Aldi store on Long Island
January 14, 2025
Central Islip, NY PX4 Development celebrated the grand opening of the 14th Aldi store in Long Island, located at 215 Carleton Ave. The new store opened its doors to the community with a celebratory ribbon-cutting ceremony attended by local leaders, community
First Development named agent for People’s Arc of Suffolk’s 74,000 s/f property at 2900 Veterans...
January 14, 2025
Bohemia, NY People’s Arc of Suffolk, formerly known as AHRC Suffolk, plans to explore the sale of its building located at 2900 Veterans Hwy. The decision comes as the organization seeks to align its operations more closely with its mission of serving people with
Cushman & Wakefield arranges Rockefeller
Group’s sale of Candlewood Industrial Park
January 14, 2025
Bay Shore, NY Cushman & Wakefield arranged the sale of Rockefeller Group’s Candlewood Industrial Park, two class A industrial buildings totaling 560,719 s/f at 145 and 158 Candlewood Rd.
Forchelli Deegan Terrana partner Tsoukalas Curto assumes new leadership roles at CIBS Long Island
January 14, 2025
Uniondale, NY Andrea Tsoukalas Curto, a land use & zoning partner at Forchelli Deegan Terrana LLP, was appointed an affiliate board member of the Commercial Industrial Brokers Society of Long Island (“CIBS”) and Co-Chair
Phillips of Largo Real Estate secures $4.525 million financing
January 14, 2025
Fairport, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a permanent first mortgage to finance the acquisition of a nearly 60,000 s/f, three-building mixed use retail/office property
Simone Development totals 860,000 s/f of leasing activity in 2024
January 14, 2025
Bronx, NY According to Simone Development Companies, a leader in the development of state-of-the-art healthcare, mixed-use, office, industrial, retail and residential properties in the tri-state region, its total leasing activity
To tackle the housing crisis, look to 3D printing - by Kevin Paul
January 28, 2025
The United States is in the midst of a housing crisis. Since the early 1900s, homeownership has been a key component of the American dream. A home was more than just real estate; it signified an investment in one’s family, community, and country
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Cohen of Leviathan Capital arranges $2.448 million refinance
December 31, 2024
Brooklyn, NY According to Leviathan Capital, Peter Cohen has successfully arranged a $2.448 million refinance of a 6-unit multifamily building
Los Angeles buyer, ShainRealty Capital, expands Dallas footprint with “Yorktown Luxury Apartments,...
December 31, 2024
Dallas, TX A 226-unit apartment complex located at 660 Yorktown Street has sold. The seller, Nuveen Real Estate, has sold the 2016-built, Class A property to ShainRealty Capital, a Los Angeles privately-owned real estate investment firm
RAC NYSCAR announces 2025 Board of Directors and welcomes two new board members
December 31, 2024
The Rochester Area Chapter of the New York State Commercial Association of REALTORS® (RAC NYSCAR) announced two new Board Directors for 2025: Andrew Gearhart of CBRE Upstate NY and Colleen Wightman of Realty ONE Group Spark
Book Review: Nobody Move! (Without Reading This) by Robert Esposito
December 31, 2024
Studies show that Americans move on average 11 or more times during their lives. These transitions come with both excitement and emotional concerns. According to studies cited in his new book, Nobody Move! (Without Reading This), author Robert Esposito points out that moving is one of life’s greatest stressors. He also notes that 7.8% of the US population, or approximately 25 million people, moved in 2023.
Jafri Journal forms JV with The Property Network
December 30, 2024
Manhattan, NY The Property Network (LPN) has formed an international partnership with Jafri Journal, renowned for their New York-based property networking events. This collaboration highlights London’s global significance as a thriving
SMPS-NY releases new board of directors for 2025
December 31, 2024
Manhattan, NY Society for Marketing Professional Services New York Chapter (SMPS-NY) has named its board of directors for the 2025 term. This dedicated team aims to advance marketing and business development in the AEC industry.
Giving back: Finding the best fit for your business to make an impact - by Jeff Rubin
January 14, 2025
While the past few years have seen difficult tidings for the New York real estate market, 2024 ended on a strong note. In New York, optimism is high that 2025 will be a year of growth as mortgages mature and as we see rate cuts from the Federal Reserve. This optimism has held true for all of the U.S., as CBRE is projecting an increase in commercial real estate volume in 2025 nationwide.
DeVries of Largo Capital, Inc. secures $3.7 million permanent first mortgage for retail property in ...
December 31, 2024
Odessa, FL Kurt DeVries, managing director at Largo Capital, Inc., has secured $3.7 million permanent first mortgage on a retail property. The property features three high-profile tenants, McDonald’s, Starbucks and Chili’s,
Largo Capital, Inc. secures $12 million financing of three-property U.S. grocery portfolio
January 2, 2025
New York, NY Kevin Ross, managing director of Largo Capital, Inc., secured $12 million permanent first mortgage to finance a three-property U.S. grocery portfolio consisting of two Shaw’s and one Winn-Dixie. The properties, offering a total of 150,719 s/f of retail space,
2024 Year in Review: Alex Guttmann, Acejan Capital LLC
December 31, 2024
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? My most significant professional achievement in 2024 was leading the launch of an innovative line of biodegradable floor cleaning products, complemented by on-site disinfectant production and strategic partnerships with software companies.
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