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Gurwin’s new Fountaingate Gardens complex officially opens The Parkview residential building
October 11, 2022
Huntington, NY Gurwin Healthcare System has officially opened The Parkview, one of the largest residential buildings of the new Fountaingate Gardens independent living complex on Gurwin’s 36-acre Commack campus, with the delivery of the certificate of occupancy.
New Empire Corp. nears sell out of 108-unit property at 567 Ocean
October 11, 2022
New York, NY According to New Empire Corp. (NEC), nearly all condominium units are sold at their new development, 567 Ocean. Since hitting the market in the summer of 2020, 107 units are sold with only one townhouse unit still available. The marketing and sales, which led Brooklyn as
Burlington Stores, Inc. expands by 34,591 s/f to occupy a total of 102,898 s/f at 1400 Broadway
September 27, 2022
New York, NY According to Empire State Realty Trust, Inc. (NYSE: ESRT), Burlington Stores, Inc. signed a full-floor expansion lease for an additional 34,591 s/f of office space formerly under lease to Uber
The Hudson Cos. names Koffman president and appoints Kramer CEO
October 11, 2022
New York, NY The Hudson Companies, one of New York City’s largest affordable developers, has named managing principal Aaron Koffman as its new president. In this new capacity, Koffman will oversee Hudson’s strategic vision and expand the company’s affordable and
Ismael Leyva Architects designs The Selby for The Beechwood Organization
October 11, 2022
Westbury, NY Architect Ismael Leyva, FAIA, has designed the new mixed-use property known as The Selby, located at 695 Merrick Ave. The architecture firm was retained by The Beechwood Organization to design the project. The Selby is open for occupancy according to Steven Dubb,
Generator debuts third-party management contract for 605-room Paramount Hotel - with plans for an ex...
October 11, 2022
New York, NY Generator will manage the Paramount Hotel, joining the brand’s current 15-property portfolio as the third Generator property in North America, including sites in Miami and Washington, DC. This deal marks a milestone for the company as an opportunity to operate
Town of Hempstead IDA approves due dilligence resolution for 138,245 s/f warehouse project
October 11, 2022
Inwood, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency approved a due diligence resolution that will permit it to investigate economic development benefits to assist a proposed large warehouse.
Three benefits of microgrids in real estate - by Ron Koenigsberg
October 11, 2022
The rapidly accelerating urbanization of the U.S. is placing great strain on the aging infrastructure of the country. Increased energy demands in very localized urban areas are having a negative impact on the national power distribution grid.
Breslin Realty leases 7,000 s/f to Advance Auto
October 11, 2022
Levittown, NY Breslin Realty negotiated the signing of a long-term lease with Advance Auto Parts in the Levittown Mews Shopping Center. Advance Auto Parts will be occupying 7,000 s/f in the shopping center on Hempstead Tpke. (NY-24), in the space formerly
Nassau County LEAC approves transaction for S. Nassau Community Hospital for renovations of campus
October 11, 2022
Mineola, NY The Nassau County Local Economic Assistance Council (LEAC) has approved a transaction for South Nassau Community Hospital to receive $90 million in tax-exempt bonds to finance and refinance the renovation and improvement of the hospital’s existing campus at One
Vanderbilt closes on 10,000 s/f industrial building for $1.6 million
October 11, 2022
Freeport, NY According to Vanderbilt Realty, the sale of 14-16 Brooklyn Ave. has closed. The three story industrial building contains 10,000 s/f. Lyle Alper, the director of investment sales at Vanderbilt represented the seller, Brooklyn Boys Properties, LLC
Breslin leases 3,300 s/f to MyDoc Urgent Care and 20,000 s/f to Holiday Farms Supermarket
October 11, 2022
Hempstead, NY Breslin Realty is proud to announce the signing of a long-term lease with MyDoc Urgent Care at 166-168 Fulton Ave. MyDoc will be occupying 3,300 s/f in the The Hub shopping center. This will be the medical provider’s fifth location, with offices currently operating in East Meadow
New allowable rent stabilized lease increases can affect property valuation - by Anthony Forzaglia
October 11, 2022
When it comes to real estate in the New York metropolitan area, government regulation can play a large role in the determination of value. One of the major government regulations affecting real property values is the rent stabilization law. Rent stabilization laws were enacted in New York State
Daniel Gale Sotheby’s International Realty’s fundraiser supports Island Harvest and City Harvest...
October 11, 2022
Cold Spring Harbor, NY Daniel Gale Sotheby’s International Realty (DGSIR) launched a month-long fundraiser to collect food and funds for Island Harvest Food Bank and City Harvest, two of the region’s largest hunger relief organizations. This company-wide effort is part
Gov. Hochul announces six new partners selected in Empire Building Challenge to advance climate-frie...
September 27, 2022
New York, NY According to Governor Kathy Hochul, six new real estate partnerships will join the State's $50 million Empire Building Challenge to help advance a climate-friendly building stock in New York State. The partnerships
Suffolk celebrates $35 million renovation of lab space at Feinstein Institutes
October 11, 2022
Manhasset, NY Suffolk joined local and state officials and Northwell Health leaders to cut the ribbon at Feinstein Institutes for Medical Research’s newly-renovated laboratory space. The $35 million project increased lab capacity and efficiency and upgraded infrastructure.
Valanzano and D’Orazio of Colliers lease 1,526 s/f
October 11, 2022
Patchogue, NY Colliers has arranged a lease for Affiliated Agency Insurance in the New Village at Patchogue, a mixed-use development. Colliers senior managing directors Maria Valanzano and Steven D’Orazio represented both the tenant and landlord, TRITEC Real
Freeman of Jaspan Schlesinger elected as vice president of Women’s Bar Assn. of State of N.Y.
October 11, 2022
Garden City, NY Jaspan Schlesinger LLP said that partner Simone Freeman has been elected as vice president of the Women’s Bar Association of the State of New York (WBASNY). Freeman is an experienced land use and zoning attorney, with an extensive background
Koenigsberg of American Investment Properties sells 7,433 s/f Deer Park retail building for $2.06 mi...
October 11, 2022
Deer Park, NY American Investment Properties (AIP) was assigned to sell 1883 Deer Park Ave., a 7,433 s/f triple-net retail building. The main challenge was conducting an off-market sale while presenting an aggressive asking price, with the property only 50% leased.
Three Schwartz Ettenger attorneys selected as Super Lawyers; one attorney named a Rising Star
October 11, 2022
Melville, NY Three Schwartz Ettenger, PLLC attorneys have been named to the 2022 Super Lawyers, New York Metro Edition in the following categories: Lee Schwartz, Esq., founding member (corporate law, real estate law), Jeffrey Ettenger, Esq., member (employment law)