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Hidden cost information will reduce real estate taxes - by Brad and Sean Cronin
September 12, 2023
With real estate taxes increasing, owners are being barraged with hidden costs that, when properly analyzed, will decrease their real estate tax obligation. Recently, landlords have been forced to handle a variety of factors that diminish their net operating income (“NOI”). Many of
Hempstead IDA grants preliminary approval for proposed 200-unit apartment project
September 12, 2023
Freeport, NY Frederick Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said that its board has given initial approval to an application for economic development benefits from a Lawrence-based developer that plans to turn a former public housing development
Brookhaven IDA closes on economic benefits pact assisting Sunrise Wind transmission project
September 12, 2023
Holbrook, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) said that the agency has closed on an agreement that will provide economic development incentives for Sunrise Wind’s transmission project
Hempstead IDA okays development benefits for housing complex in Island Park that would replace water...
September 12, 2023
Hempstead, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA) said the agency granted preliminary approval to a package of economic development incentives that will assist John Vitale construct a117-unit waterfront apartment
Nassau IDA approves transaction with Pictor Nassau Logistics Center, LLC to construct warehouse in T...
September 12, 2023
Hicksville, NY The Nassau County Industrial Development Agency (NCIDA) has approved a transaction for Pictor Nassau Logistics Center, LLC for the revitalization of a New York State superfund site to expand its business market into Nassau County. The site
Suffolk IDA preliminarily approves investment for Citation Healthcare Labels LLC
September 12, 2023
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist Citation Healthcare Labels, LLC expand its manufacturing and labeling operations within the Innovation Park at Hauppauge. With
Delavale of Breslin Realty leases 3,000 s/f
September 12, 2023
Garden City, NY Breslin Realty signed a long-term lease with Nanos, Gomez & Associates, P.C. Nanos, Gomez are relocating from their Hempstead office to 3,000 s/f at 500 Old Country Rd.
Commercial real estate industry adjusting to new ASTM phase one environmental standards - by Chuck M...
September 12, 2023
As I presented earlier this year, the ASTM E-1527-21 standard for Environmental Site Assessments (ESAs) or more commonly known as a “phase one” was approved in February of 2023. However, the Environmental Protection Agency (EPA) will allow the prior ASTM E-1527-13
Racanelli Construction helps Habitat for Humanity
September 12, 2023
Mastic Beach, NY Racanelli Construction Company, Inc. (RCC) participated in a Habitat for Humanity of Long Island house build. In June, fourteen Racanelli Construction employees volunteered their time to help build a new home, where they spent the day performing
Navigating the shifting landscape of retail real estate: Trends, challenges and valuations - by Marg...
September 12, 2023
In today’s ever-changing retail real estate market, property owners find themselves at the forefront of seismic shifts, shaped by evolving consumer behaviors and constant innovation. This article provides insight on the current trends influencing the retail landscape,
P.W. Grosser promotes Chaudhry, Pecoraro, Cantillo, Chase and Sommer
September 12, 2023
Bohemia, NY Five P.W. Grosser Consulting, Inc. (PWGC) employees have been promoted.• Usman Chaudhry: Senior project manager from project manager
Hunt Corp. Commercial Real Estate Q&A: Generating cash with a sale-leaseback - by David Hunt
September 12, 2023
Q: Our business has owned and occupied a small office building for over 15 years and we are considering refinancing. Would there be an advantage to a sale-leaseback over refinancing?
Edwards and Martin of Sahn Ward Braff Koblenz assist client in sale of 10 industrial buildings
September 12, 2023
Uniondale, NY Wayne Edwards, partner, and Eugene Martin, senior counsel, both of Sahn Ward Braff Koblenz PLLC, represented affiliates of Ben Elias Industries Corp. in connection with the sale of 10 industrial buildings in Inwood, Nassau County, totaling 500,000 s/f near
Commercial and Industrial Brokers Society of Long Island (CIBS) presents “Meet the Candidates” o...
September 12, 2023
Melville, NY On Wednesday, September 13th, the Commercial and Industrial Brokers Society of Long Island (CIBS) will host a “Meet the Candidates” breakfast, featuring candidates for Suffolk County executive Republican Hon. Ed Romaine and Democrat Dave Calone. The
Manthachitra and Webb join Mark Design Studios
September 12, 2023
Hicksville, NY Mark Design Studios hired two new employees to support its growth:
• Gow Manthachitra was hired as a project manager. She was previously design/project manager at Knockout Renovation.
Mayor and Densen of Island Assocs. broker 3,400 s/f lease with IM=X Pilates
September 12, 2023
Roslyn Heights, NY Lawrence Densen and Christopher Mayor of Island Associates brokered a 10-year lease agreement with IM=X Pilates, for 3,400 s/f located at 43-53 Mineola Ave.
BOMA NY: CPE and the key to staying current in CRE
September 12, 2023
New York, NY Our mission at BOMA New York is to support and advance the commercial real estate industry throughout the five boroughs of New York City. We play an active role in government affairs, produce premium networking opportunities, and provide a plethora of educational programs year-round.
Unconscious biases: what do we do about them?
September 12, 2023
Unconscious biases are social stereotypes about certain groups of people that individuals form outside their own conscious awareness. Everyone holds unconscious beliefs about various social and identity groups.
IREM NYC celebrates fifth annual fundraiser this year benefitting two not-for-profit organizations
September 12, 2023
New Paltz, NY IREM NYC’s fifth annual Sporting Clays Fundraiser benefitting SHAREing & CAREing and GiGi’s Playhouse NYC is coming up on Friday, October 6th at Mid-Hudson Sporting Clays. The daylong event starts at 8:30 with a hot breakfast, followed by a full round of shooting.
IREM NYC hosts members meet and greet in August
September 12, 2023
Queens, NY IREM NYC held a member meet and greet at the Standard Biergarten in NYC on August 9th. Michael Torres, VP chapter activities said, “This our third meet ’n greet this year, and they have proved to be a very popular way for our members to causally get together and relax. We’ll be hosting another in November.
September Promotion
