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The evolving relationship of environmental consultants and the lending community - by Chuck Merritt...
December 12, 2023
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.
Rosner and Crawford of NAI Long Island lease 1,869 s/f at West Shopping Center
December 12, 2023
East Setauket, NY Managing principal Lee Rosner and senior director Neil Crawford of NAI Long Island negotiated a long-term lease agreement for 1,869 s/f of completely renovated restaurant space to Chico’s Tex Mex at West Shopping Center, 198-250 Rte. 25A.
How 2023 market adjustments will impact property taxes - by Brad Cronin and Sean Cronin
December 12, 2023
As 2023 draws to a close, we’ve seen a number of shifts that have changed the real estate landscape. Many of these market changes directly impact property taxes, which in turn, can change an owner’s bottom line considerably. As we move towards 2024, it’s time to examine what changes can benefit an owner’s property tax case.
P.W. Grosser Consulting hires nine
December 12, 2023
Bohemia, NY Julia Greco, staff engineer, Amy Marigliano, GIS analyst, Kenny McNeill, GIS analyst, Rebecca Reagin, field hydrogeologist, Harry de Haas, staff engineer, Christian Granelli, senior environmental planner, El Jaworski, staff engineer, Chayse Nasiatka, field hydrogeologist, and Corey Reilly, senior engineer
CIBS Long Island honors outstanding
achievements in real estate
December 12, 2023
Huntington, NY During the annual meeting, the Commercial and Industrial Brokers Society of Long Island (CIBS) shone a spotlight on the industry’s best and brightest in their annual awards ceremony. Among this year’s honorees was Melissa Naeder, a senior director at Cushman & Wakefield
Heatherwood celebrates grand opening of Heritage Spy Ring development
December 12, 2023
South Setauket, NY Heatherwood Luxury Apartments (Heatherwood) celebrated the grand opening of its latest New York metropolitan area development, Heritage Spy Ring Golf Club. Members of the community and golf personalities joined Heatherwood’s management team to mark the unveiling of a property
Hunt Corp. Commercial Real Estate Q&A: Maintaining flat roofs and your sanity
December 12, 2023
Q: We spent a significant amount of money to repair the flat roof on our commercial building about four years ago. It is already leaking again. How do we maintain our roof and our sanity?A: The major problem with flat roofs is that they are flat! This means there is often an opportunity for water and debris to collect.
Hackett of Metro Realty Services brokers
four sales - $6.385 million
December 12, 2023
Wyandanch, NY Jeremy Hackett of Metro Realty Services, LLC negotiated four sale transactions. Hackett sold 3,250 s/f at 406 Long Island Ave. to MBG Marble & Granite LLC for $840,000. Hackett represented the buyer and the seller, Long Island Ave LLC.
Island Associates R.E. brokers three
leases totaling 14,400 s/f
December 12, 2023
Hauppauge NY Island Associates Real Estate Inc. brokered three leases totaling 14,400 s/f. Island Associates negotiated two new lease agreements for office spaces at 490 Wheeler Rd. CrowdVest Funding signed a long-term lease for 4,100 s/f of office space.
Federal Realty Investment Trust adds four new tenants at Huntington Shopping Center
December 12, 2023
Huntington, NY According to Federal Realty Investment Trust, Willliams Sonoma, J.Crew, Paris Baguette and BFT Fitness have all signed leases to join The Container Store and Whole Foods Market at Huntington Shopping Center as part of its $75 million redevelopment. Following the project’s inception in early 2022
NYS Commercial Association of Realtors president’s message - December 2023 - by Robert Stell
December 12, 2023
2024 Committee Service
Once again it is that time of year to solicit members to serve on NYSCAR committees. Share your ideas and have an impact on the commercial
Greater Binghamton Airport celebrates one-year anniversary with Avelo Air flights to Florida
December 12, 2023
Binghamton, NY The Greater Binghamton Airport (BGM) is celebrating its one-year anniversary of partnering with Avelo Air to provide nonstop flights from BGM to Orlando.
Ten Rochester attorneys join Hodgson Russ
December 12, 2023
Rochester, NY According to Hodgson Russ LLP, ten attorneys constituting the regional office of Ward Greenberg will join the firm, effective January 1, 2024. This addition will add litigation capability to Hodgson Russ’ office and nearly doubling the size
Eberz of CBRE Upstate NY brokers $4.5 million sale of 98,090 s/f industrial building - 100 Gemcor D...
December 12, 2023
West Seneca, NY CBRE Upstate NY negotiated the $4.5 million sale of the 98,090 s/f industrial property at 100 Gemcor Dr. CBRE Upstate NY’s Lida Eberz represented Gemcor Automation LLC in the disposition of the manufacturing facility
Vanguard-Fine negotiates two sales and eight leases
December 12, 2023
Ontario, NY Vanguard-Fine LLC negotiated 10 transactions. Barry and Benjamin Feinman of Vanguard-Fine brokered the sale of a one acre lot located at 1558 Rte. 104, Ontario
Cleeman Realty Group arranges $20.75 million sale of Mid City Plaza
December 12, 2023
North Tonawanda, NY Cleeman Realty Group brokered the $20.75 million sale of Mid City Plaza. The 210,081 s/f shopping center is anchored by a Tops Market grocery store and is on a 24.73 acre lot. The grocery store recently underwent a nearly $3 million renovation to the interior
Habitat receives PUD approval for $400 million
redevelopment of Marine Drive Apartments
December 12, 2023
Buffalo, NY Habitat’s $400 million redevelopment of Marine Drive Apartments has received planned unit development (PUD) approval by the Buffalo Common Council, paving the way for the affordable housing project to become reality. The equitable transit-oriented development (ETOD)
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CREW New York incoming 2024 Board of Directors
December 12, 2023
Manhattan, NY CREW New York (CREWNY) has introduced its incoming 2024 board of directors. The board of directors consists of eight returning members and seven new members. President - Anuska Amparo of First Nationwide Title.
Newmark assists in relocation of Warren Tricomi
December 12, 2023
Manhattan, NY According to Newmark Retail, the Warren Tricomi salon has relocated its Upper East Side location to a 5,200 s/f space at 969 Madison Ave
Vasquez joins Woodcliff Realty Advisors
November 28, 2023
Woodcliff Lake, NJ According to Rudolph Milian, CRRP, CRX, CSM, CMD, president and CEO of Woodcliff Realty Advisors LLC, Sarah Vasquez, CRX, CSM, CPC, ARM has joined