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Phillips of Largo Real Estate Advisors secures $7 million permanent first mortgage
December 10, 2024
Horseheads, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $7 million permanent first mortgage to refinance the existing debt on a portfolio of flex buildings. The buildings are located off I-86, near Elmira Corning Regional Airport.
Horvath & Tremblay sells Napa Auto
Parts and OTB for $1.1 million
December 10, 2024
Troy, NY Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a Napa Auto Parts and OTB (Off-Track Betting). Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1.1 million.
Grzebinski and Wagner of Gantry secure
$70 million in real estate financing
December 10, 2024
Buffalo, NY Gantry, one of the largest independent commercial mortgage banking firms in the U.S., has secured more than $70 million in recent commercial real estate financings through the firm’s Upstate New York production team. Transactions range across acquisition, construction, and refinancing loans for multifamily,
Sayage joins Forchelli Deegan Terrana LLP
December 10, 2024
Uniondale, NY Jad Sayage has joined Forchelli Deegan Terrana LLP’s real estate practice group as an associate. Before joining FDT, Sayage was the managing attorney at Sayage Law PLLC, where he concentrated exclusively on various complex real estate matters such as
Town of Brookhaven Industrial Development Agency closes on economic incentive package for affordable...
December 10, 2024
Medford, NY Frederick Braun, chairman of the Town of Brookhaven Industrial Development Agency (IDA), said that the IDA has closed on a package of economic development incentives for a proposed affordable rental apartment complex for adults 55-plus.
Commercial classroom: Marketing commercial properties - by Edward Smith Jr.
December 10, 2024
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. When you get a new listing, you need to create two marketing pieces, a teaser flyer and a brochure.
Understanding property tax implications for 2024s market trends - by Brad Cronin and Sean Cronin
December 10, 2024
Property taxes are a significant expense for property owners, and understanding how market shifts influence assessments is crucial. As we approach 2025, examining the changes and trends that took place this year can help owners understand how to optimize their property tax case.
Defining environmental due diligence in CRE - by Chuck Merrit
December 10, 2024
The phrase “due diligence” applies to everyday aspects of life. Many times, in ways we may not ever realize. Looking at the weather for the day impacts the clothes we put on (due diligence). More meaningful decisions like buying a company and needing to understand all aspects of that company require more due diligence. However,
Rechler hosts open house for 140,875 s/f industrial facility at 10 Donald’s Way
December 10, 2024
Medford, NY Rechler Equity Partners hosted an open house for brokers at 10 Donald’s Way, the inaugural property in the Rechler Business District at Medford. The event provided an opportunity for attendees to tour the 140,875 s/f industrial facility, located half a mile from the Long Island Expwy., and learn about
Nassau County Industrial Development Agency approves Premiero Cherry plan to construct multi-housing...
December 10, 2024
Hicksville, NY The Nassau County Industrial Development Agency (NCIDA) has approved a transaction for Premiero Cherry LLC for the construction of a multi-family housing project at 33 and 37 West Cherry Ln. The 35,365 s/f building will be on an-unused 0.4-acre parcel and will contain 20 rental units.
Benz of P.W. Grosser Consulting passes Fundamentals of Geologist exam
December 10, 2024
Bohemia, NY Kylie Benz, field hydrogeologist with P.W. Grosser Consulting, continues her path towards becoming a licensed professional geologist with her passing the Association of State Boards of Geology Fundamentals of Geologist (FG) exam. This standardized test evaluates foundational geologic knowledge, serving as
Forte Construction lends a hand to Habitat for Humanity of Long Island
December 10, 2024
Brentwood, NY For the fourth consecutive year, Forte Construction has partnered with Habitat for Humanity of Long Island. This year, Forte participated in the construction of a new home for a family of four.
Brookhaven Industrial Development Agency closes on expansion in Yaphank by Cassone Leasing
December 10, 2024
Yaphank, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial development agency (IDA), said that the agency has closed on an economic incentives package for Cassone Leasing Inc., the lessor of storage and construction site trailers, which intends to construct a building to accommodate its growing business.
Hunt Corp. Commercial Real Estate Q&A: Tenant retention - by David Hunt
December 10, 2024
Professional landlords know that one of the best ways to reduce their marketing and leasing costs is to retain their existing tenants. In many cases, you may not be able to offer the departing tenant the space he needs. But if a renewal of his existing space is a viable alternative, you want to make sure that you have done all
H2M architects + engineers receives AIA Long Island Chapter’s Lifetime Achievement award
December 10, 2024
Melville, NY The American Institute of Architects (AIA) Long Island Chapter awarded architecture and engineering design firm H2M architects + engineers with a Lifetime Achievement Award at the 60th Annual Archi Awards ceremony
Bethpage Federal Credit Union becoming FourLeaf
December 10, 2024
Bethpage, NY Bethpage Federal Credit Union, the largest credit union in the Northeast region, and the 15th largest in the nation with over 480,000 members and $13.4 billion in total assets, is rebranding to become FourLeaf Federal Credit Union. The new name, FourLeaf, represents the credit union’s commitment
Levin Management Corp. leases 6,800 s/f to J.Crew Factory at Mayfair Shopping Center
December 10, 2024
Commack, NY Clothing retailer J.Crew Factory celebrated its official grand opening at Mayfair Shopping Center. Levin Management Corp. (LMC) serves as exclusive leasing and managing agent for the 222,000 s/f Jericho Tpke. retail destination.
Dunne, Bardsley, Langer and Heilpern of
CBRE complete $23.5 million office sale
December 10, 2024
Woodbury, NY The CBRE team of Jeff Dunne, Steve Bardsley, and Travis Langer, in collaboration with Philip Heilpern of CBRE’s Long Island office, completed the $23.5 million sale of 1000 Woodbury Rd.
BOMA New York: Closing 2024 and a look ahead for 2025 - by Patrick Dolan
December 10, 2024
As 2024 comes to a close, I want to express my gratitude for the many successes BOMA New York, and its members have achieved this year. From committee participation to events to contributing to local volunteerism, the dedication and passion that our members have for New York and its commercial real estate industry remains unmatched.
IREM NYC takes tour of Empire State Building
December 10, 2024
Manhattan, NY In November, Diane Fields, vice president, property management Empire State Building took members of IREM NYC on a fascinating tour of the world’s most famous building — the one and only Empire State Building.
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