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Cushman & Wakefield arranges 17,731 s/f lease for Trinity Solar
May 16, 2023
Plainview, NY Cushman & Wakefield has arranged a 17,731 s/f lease for Trinity Solar, Inc. at 137 Commercial St. Cushman & Wakefield’s Robert Kuppersmith, Connor Sullivan, Scott Schubert and Dan Johnsen represented the tenant in the transaction.
Gottlieb of Schuckman facilitates $2.85m sale of 332 Atlantic Avenue - property and car wash
May 16, 2023
Oceanside, NY Schuckman Realty has sold a commercial property and car wash located at 332 Atlantic Ave. The property and car wash, which is located on the corner of Atlantic Ave. and Rockaway Ave., consists of a 3,000 s/f building on a 15,000 s/f lot.
Achieve sustainability and emission compliance goals with alternative fuels and advanced technologi...
May 16, 2023
Building owners and operators across New York are now faced with the need to comply with a host of new emission regulations coming from federal, state, and local governments. There are also industry standards and guidelines intended to reduce CO2 emissions, for example:
Urban Edge Props. signs retail stores to Huntington Commons’ new redevelopment
May 16, 2023
Long Island, NY Urban Edge Properties has signed Burlington to a long-term lease at Huntington Commons. This addition fills a vacancy created when Marshalls relocated to an updated space within the center. Prime Urgent Care has been signed to a 3,112 s/f lease
Intended vs. incidental third-party beneficiary status - by Bret McCabe
May 16, 2023
During the course of real estate development and construction operations, one issue that may arise during contract negotiation (and potential subsequent litigation) is whether or not the parties intend(ed) to confer beneficiary status to a non-signatory third-party.
Simone Dev. arranges three leases at Post Road Plaza for over 4,000 s/f
May 16, 2023
Port Chester, NY Simone Development Companies has signed on three new retail tenants that have leased more than 4,000 s/f of retail space at Post Road Plaza at 262 Boston Post Rd. The 63,000 s/f strip center, anchored by a 40,572 s/f stand-alone LA Fitness, has been renovated and new signage
Hunt Corp. Commercial Real Estate Q&A: Would you please explain rentable and useable s/f, and how ar...
May 16, 2023
Q: Brokers seem to quote space as both useable and rentable square footage. Would you please explain rentable and useable square feet, and how are they both calculated?
Varbero and Casagrande join Forchelli Deegan Terrana as partners in the securities litigation & regu...
May 16, 2023
Uniondale, NY Anthony Varbero and David Casagrande have joined Forchelli Deegan Terrana LLP’s (FDT) as partners in a newly-formed securities litigation & regulation practice group. Varbero and Casagrande co-chair this group.
Michelle Marie Zere of Zere Real Estate Services passes away at 56
May 16, 2023
Ronkonkoma, NY Michelle Marie Zere, a figure in the Long Island commercial real estate industry for over 35 years, passed away on April 2, at the age of 56. Michelle was a beloved daughter, sister, aunt, great aunt, and dear friend for many, who will be missed by all who
Spatola of Realty Connect completes
21,000 s/f office lease at 5 Orville Drive
May 16, 2023
Bohemia, NY Realty Connect Commercial Partners, a division of Realty Connect USA, completed a 21,000 s/f office lease at 5 Orville Dr. JoAnn Spatola of Realty Connect represented the tenant. Chris Costa of Rechler Equity Partners represented the landlord.
Racanelli Construction completes $6 million interior construction project for ShopRite
May 16, 2023
Huntington, NY Racanelli Construction Company, Inc. completed an interior construction project for a 65,000 s/f ShopRite supermarket located in the Huntington Commons Shopping Center.
May 2023 NYSCAR president's message - by Robert Strell
May 16, 2023
As I write my first update letter as the newly elected president of the NYS Commercial Association of REALTORS, it is bittersweet because of the untimely passing of our late president, friend and colleague, Dana Crocker of Syracuse.
Vanguard-Fine negotiates seven transactions
May 16, 2023
strong>Kingston, NY Vanguard-Fine has negotiated the following transactions: • Kenneth Brownell of Vanguard-Fine, LLC and Andrew Peckage of TRG brokered the 10-year lease between Harbor Freight Tools USA,
IPA sells The Shoppes at Jefferson Valley Mall - 153,151 s/f
May 16, 2023
Yorktown Heights, NY Institutional Property Advisors (IPA), a division of Marcus & Millichap, has sold The Shoppes at Jefferson Valley Mall, a 153,151s/f building. “Located in a Northern Westchester County trade area with a population of 85,000 and $123,000 median annual
JLL Capital Markets closes sale on 460-unit multi-housing development
May 16, 2023
Grand Island, NY JLL Capital Markets has closed the sale of Town Hall Terrace, a 460-unit multi-housing community. JLL marketed the property on behalf of a private owner who was the original owner and developer of the property and procured the buyer.
Pyramid Management Group reports 20% surge in January 2023 sales
May 16, 2023
Syracuse, NY Pyramid Management Group reports a significant sales surge across its portfolio of shopping, dining, and entertainment destinations, with sales up by nearly 20% year over year in January 2023.
Axiom Capital arranges $38.5 million loan for
six building retail acquisition
May 16, 2023
Clifton Park, NY Axiom Capital Corp. has structured and arranged a $38.5 million,10-year, fixed rate permanent loan for the acquisition of a regional retail center located in Clifton Park. The property consists of six separate buildings on five separate parcels with parking.
Rochester’s Cornerstone Group honored in Top Workplaces 2023 by the Democrat and Chronicle
May 16, 2023
Rochester, NY Rochester’s Cornerstone Group, Ltd, has been awarded a Top Workplaces 2023 honor by the Democrat and Chronicle Top Workplaces for the fourth consecutive year The list is based solely on employee feedback gathered through a third-party survey administered by employee
Muroff Hospitality completes $1.5 million sale of The Econolodge to Zamp Utica
May 16, 2023
Utica, NY Muroff Hospitality Group has sold The Econolodge; 309 N Genesee St. This updated economy franchised hotel boasts 40 guest
rooms on two floors with a mix of interior and exterior access. It’s located immediately off I-90 Exit 31 insures
Empire Commercial Construction updating
Arbor Midtown wedding venue
May 16, 2023
Rochester, NY Empire Commercial Construction, a retail-focused division of national general contractor Taylor, The Builders, was awarded the construction contract for Arbor Midtown, located within the historic Lincoln-Alliance Bank building at 183 E Main St.