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Rockabill Development and Johnson Park Center start construction on $28m affordable/supportive housi...
July 11, 2023
Utica, NY Rockabill Development and Johnson Park Center (JPC) said that construction is underway at Johnson Park Green Community Apartments, a $28 million climate-friendly development that will create 62 energy-efficient and affordable homes — including 31 with supportive services
Colliers and TRITEC lease 195,000 s/f of retail space at Station Yards
July 11, 2023
Ronkonkoma, NY Colliers partnered with TRITEC Real Estate Company to lease 195,000 s/f of retail space at Station Yards. The firm has arranged the first lease at the mixed-use project on Long Island for Great South Bay Brewery. A Colliers team led by vice presidents Maria Valanzano
Expediting the process - artificial intelligence’s future impact on Long Island commercial real es...
July 11, 2023
Artificial Intelligence (“AI”) is poised to revolutionize the commercial real estate market. As AI becomes more advanced, the commercial real estate market on Long Island will see dramatic changes in the way real estate investors purchase, sell, evaluate, and develop properties. From enhancing
Commercial classroom: Back to basics - negotiating personal guarantees - by Edward Smith
July 11, 2023
Periodically, like after the recession of 2008 when property values crashed, it becomes common for landlords to require personal guarantees from their tenants. As the economy recovered toward the end of that decade values had been increasing again and landlords stopped requiring personal guarantees.
JLL Capital Markets closes sale of 395,000 s/f Riverhead Centre
July 11, 2023
Riverhead, NY JLL Capital Markets closed the sale of the nine-building, 395,000 s/f, grocery-anchored Riverhead Centre. JLL represented the seller, AFL-CIO Building Investment Trust advised by PNC Realty Investors, and procured the buyer, Prestige Properties & Development
Hunt Corp. Commercial Real Estate Q&A: Maintaining your property like a professional - by David Hun...
July 11, 2023
Q: Our firm is not large enough to employ a full-time property manager for the building we own. Do you have guideline or checklists that one of our senior managers could use to make sure everything is completed in a timely manner? A: You do not have to have a full-time property manager to maintain your property, but you, or whoever will be responsible for day-to-day maintenance, should think like one.
Commercial Industrial Brokers Society of Long Island presents 2022 Most Ingenious Deal of the Year a...
July 11, 2023
Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS) presented the 2022 Most Ingenious Deal of the Year (MIDY) award at an event co-sponsored by the Association for a Better Long Island (ABLI). The prestigious award was given to the CBRE team of senior vice president Paul
OneKey hosts Info Track program at annual Long Island Board of Realtors Education Conference and Tra...
July 11, 2023
Woodbury, NY As part of the 35th annual Long Island Board of Realtors Education Conference and Trade Show, OneKey MLS – the largest multiple listing service in New York – hosted its first-ever Info Track program, a hub of innovative training sessions and expert insights
First Citizens Bank provides $19.5 million loan for
development of Holbrook Logistics Center
July 11, 2023
Islip, NY First Citizens Bank’s Real Estate Finance business provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island. The borrower, an affiliate of Eagle Cliff Real Estate Partners, is building a new
IREON Members Gather for Bi-Monthly Mix and Mingle
June 27, 2023
Port Washington, NY IREON members, and commercial real estate industry guests gathered together on Wednesday, June 21, from 5-8 pm for their bi-monthly Mix & Mingle held at Louie's on the
Visit Binghamton receives 2023 award of excellence for website in travel & tourism category
June 27, 2023
Binghamton, NY Visit Binghamton, the premier tourism organization promoting the attractions and experiences of Broome County, announced that it has been honored with the prestigious 2023 Award of Excellence in the Travel & Tourism category by The Communicator
Crescendom holds New York launch event
June 27, 2023
Manhattan, NY RED CONNECT, a real estate networking event dedicated to connecting, supporting, and promoting individuals and businesses in the real estate industry, held a launch event for Crescendom on June 15, 2023, at the Dream Hotel PHD
BTEA’S annual SAFEBUILD forum focuses on mental health in construction
June 27, 2023
The Building Trades Employers Association (BTEA), representing 1,200 union contractors in New York, this week held its annual SAFEBUILD national industry forum designed to promote worker safety and salute firms with best practices. Noting that the Centers for Disease Control
IREON New Member Profile: Liza Bendett
June 27, 2023
Name: Liza Bendett
Title: Associate Real Estate Broker
Company: Compass – The Scout Residential Team
IREON New Member Profile: David Cobos
June 27, 2023
Name: David Cobos
Title: Area Manager
Company: Collins Building Services
IREON New Member Profile: Alex Lipsky
June 27, 2023
Name: Alex Lipsky
Title: Owner
Company: Lipsky Construction
IREON New Member Profile: Tommy Tomczy
June 27, 2023
Name: Tommy Tomczyk
Title: District Manager
Company: Collins Building Services
Freshley Greene LLC leases 3,020 s/f of industrial space
June 27, 2023
Gibbsboro, NJ Freshly Greene LLC has signed a five-year lease for 3,020 s/f of industrial space at an undisclosed location to manufacture cannabis infused olive oil as well as other cannabis products
T&T Construction is expanding, restructuring, and rebranding as T&T Construction Management Group In...
June 27, 2023
T&T Construction Management Group, Inc. announced its expansion, restructuring, and rebranding. The company has evolved to serve a large base of clients, ranging from those in the Northeastern United States to Florida and the Caribbean. Over the last quarter century, the organization has undergone tremendous growth. Based on these factors, the company is rebranding from T&T Construction of Central Fla. Inc. to T&T Construction
Phillips of Largo Capital arranged $11 million in financing for mobile home park
June 27, 2023
New Bern, NC Jack Phillips of Largo Capital arranged $11 million in financing