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Densen and Mayor of Island Assocs. sell 6,000 s/f warehouse for $3.45 million
October 17, 2023
Deer Park NY Lawrence Densen and Christopher Mayor of Island Associates Real Estate have completed the sale of a 6,000 s/f warehouse on 1.55 acres on 955 Long Island Ave.
Hunt Corp. real estate Q&A: Gotchas - by David Hunt
October 17, 2023
Q: We need to relocate our offices in the next year, and think we have most of the bases covered. Are there any common mistakes that you see on a consistent basis that we may be missing?
Nowak joins Certilman Balin Adler & Hyman as associate
October 17, 2023
East Meadow, NY Jessica Nowak has joined Certilman Balin Adler & Hyman, LLP as an associate in the commercial lending and banking group. Prior to joining the firm, Nowak was an associate attorney in the commercial lending department at Brown Altman
iBorrow provides $5.1 million for acquisition of 41,000 s/f industrial building
October 17, 2023
Medford, NY iBorrow provided a $5.14 million loan to finance the acquisition of a 41,000 s/f industrial facility. iBorrow was able to structure a customized financing package and close on the transaction quickly, in keeping with the seller’s need
Douglas Elliman negotiates four warehouse/industrial sales totaling $18.2 million
October 17, 2023
Hicksville, NY Douglas Elliman Real Estate brokered four sales transaction for a total of $18.2 million. • 85 Bloom- ingdale Rd., Hicksville - a 67,000 s/f warehouse on 3.99 acres sold for $12.05 million.
Heatherwood Luxury Apartments breaks ground
on 428-unit Heritage Westminster
October 17, 2023
West Hempstead, NY Heatherwood Luxury Apartments held a groundbreaking ceremony marking the start of construction on Heritage Westminster, its latest Long Island multi-family development. Located at 111 Hempstead Tpke., Heritage Westminster is the result
Kellwood Company and KBL Group relocate to LH Charney’s 1441 Broadway
September 26, 2023
Manhattan, NY According to LH Charney, Kellwood Company and KBL Group International will both be relocating to 1441 Broadway. Kellwood Company will occupy 19,000 s/f on the 18th floor of the Times Square tower, while KBL Group will occupy a 9,000 s/f space on the 8th floor
Theodore Roosevelt Council-BSA to hold 14th Annual Cigar Dinner
September 26, 2023
The Theodore Roosevelt Council-BSA will hold its 14th Annual Cigar Dinner at The Mansion at Oyster Bay, Woodbury, NY on October 25th
NAR Sept. 2023 commercial real estate market insights
October 17, 2023
Washington, DC While the massive interest rate hikes have hammered the commercial real estate market, the recent Federal Reserve decision to hold rates unchanged will give the market a break. After 11 collective rate hikes in the last 18 months, commercial real estate credit has gotten even tighter
CRE sector performance in August 2023
October 17, 2023
Washington, DC The unprecedented surge in delivered units has amplified the available space within the multifamily sector. Over the last 12 months leading up to August, there has been a notable 32% upswing in units delivered to the market compared to the previous year. Consequently,
Conroy of NAR to instruct “The Next Evolution of Artificial Intelligence” virtual event on Nov. ...
October 17, 2023
Albany, NY Date: Tuesday, November 28, 2023 via Zoom
Time: 10:00 am – 11:00 am
Instructed by: David Conroy, director of emerging technologies of the National Association of Realtors.
NYSCAR meets in central New York - by Robert Strell
October 17, 2023
The board of governors of the New York State Commercial Assoc. of Realtors met at the Turning Stone Resort and Casino in Verona, on October 2, 2023. Committee reports and chapter reports were given and officers and governors were elected as follows: President, Robert Strell, WNY; first vice president, Mercedes Brien,
Retech Systems expands with lease at
Uniland’s 175 Milens Road
October 17, 2023
Tonawanda, NY According to Empire State Development (ESD), Retech Systems LLC, which makes high-tech titanium melting furnaces for contractors in the aerospace, defense, and medical industries, will be expanding. The company, which has been in operation for more than a half century, has outgrown its headquarters on Northland Ave.
KCLB, CPC and partners to sell two affordable homes using state rehab construction financing progr...
October 17, 2023
Kingston, NY The Kingston City Land Bank (KCLB), the Community Preservation Corp. (CPC), and partners are the first organizations in the state anticipated to close on affordable home sales under the New York State Legacy Cities ACCESS Program. This is also the KCLB’s first development partnership
Morgan Properties relocates corporate offices to 17,000 s/f at High Point Office Park in Victor
October 17, 2023
Victor, NY Morgan Properties, one of the largest multifamily owners and operators in New York state, is relocating its local corporate office to 211 High Point Dr. The office encompasses close to 17,000 s/f and accommodates up to 80 employees. Its design includes an outdoor terrace,
Empire Merchants, General Insulation and SparkCharge
join McGuire’s portfolio of tenants
October 17, 2023
Buffalo, NY McGuire Development Co. welcomes three new additions to its tenant community. Empire Merchants (27,813 s/f) and General Insulation Co. (18,830 s/f) have leased space at the 490,853 s/f The Concourse Center at 4039 Genesee St. while SparkCharge (39,100 s/f) is relocating to the 117,100 s/f 425 Cayuga Rd.
Question of the Month: How does Bargold Storage Systems transform unused space into an income genera...
October 17, 2023
Long Island City, NY In today’s storage-limited, fast-paced world, the demand for secure storage solutions has never been greater. Amid this demand, Bargold Storage Systems is revolutionizing the storage industry with a turnkey service that transforms unused building space into state-of-the-art, secure,
Featured Upstate Project: TAYLOR completes construction of The Laurel - 275,000 s/f student apartmen...
October 17, 2023
Syracuse, NY TAYLOR, a leading regional commercial general contractor, completed construction of The Laurel. TAYLOR teamed with Passero Associates, on behalf of a national owner/developer, for construction of the 275,000 s/f, six-story student apartment building on a 1.63-acre site at the southeast
Simone of Simone Development Companies named chair of 2024 American Heart Association’s Heart of N...
October 17, 2023
Manhattan, NY Joe Simone, president of Simone Development Companies, has been named centennial chair of the American Heart Association’s Heart of New York City, a year-round effort aimed at investing in and saving and improving lives in the five boroughs.
Houlihan Lawrence Commercial brokers sale of 35,000 s/f former factory
October 17, 2023
Poughkeepsie, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, has brokered the sale of a 35,000 former factory building located at 15 North Cherry St. for $1.3 million.