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When a sale is not truly market value, it can help reduce your property taxes - by Brad Cronin and S...
September 13, 2022
A sale transaction does not always reflect the true market value of a property. The circumstances surrounding a sale transaction, when properly relayed to an assessor, can result in a significant reduction in property taxes.
Adjoining properties and the new ASTM E 1527-21 Phase One Environmental Site Assessment (ESA) Standa...
September 13, 2022
Earlier this year the ASTM task force passed the E-1527-21 standard which was also approved by the U.S. Environmental Protection Agency (USEPA). The new environmental phase one standard puts more emphasis on looking at the adjoining
Bao and Ichiddo Ramen join Samanea New York’s new Restaurant Row
September 13, 2022
Westbury, NY Samanea New York has signed leases with two new restaurant tenants, which will be joining Samanea’s new Restaurant Row located on the property’s North side facing Old Country Rd. Ten-year leases have been
Feil Org. and JLL complete 13,233 s/f lease to DAY-OP Center
September 13, 2022
Woodbury, NY Minor out-patient surgical procedures will soon become much more convenient for Nassau County residents, as the DAY-OP Center of Long Island Inc. has just signed a lease for the entire building located at
Racanelli Construction Co. named Million Dollar Butler Builder
September 13, 2022
Melville, NY Racanelli Construction Co. has been honored as a Million Dollar Builder by Butler Builder for Butler Manufacturing (Kansas City, MO). Butler Builder for Butler Manufacturing is a leading building-solutions company
Zere of Zere Real Estate Services exclusively brokers $30 million deal for solar farm
September 13, 2022
Calverton, NY Marie Zere, president and CEO, Zere Real Estate Services exclusively completed a long-term 30-year, $30 million plus ground lease with a five year extension by Next Era, a partner of National Grid, for an 85.2 acre
CIBS-LI supports Long Island Cares fight to end hunger on Long Island
September 13, 2022
Woodbury, NY Executive board members of the Commercial and Industrial Brokers Society of Long Island (CIBS-LI), one of the region’s largest real estate advocacy organizations, presented a check in the amount of $5,000 to
Hunt Corp. Commercial Real Estate Q&A: Rights of First Refusal - by David Hunt
September 13, 2022
Q: We are negotiating a commercial lease with a prospective landlord and have asked for a right of first refusal to purchase the building. He declined, but offered us a right of first offering instead. What exactly is the difference?
Eight Forchelli Deegan Terrana LLP attorneys named to Best Lawyers Lists
September 13, 2022
Uniondale, NY Forchelli Deegan Terrana LLP’s managing partner, Jeffrey Forchelli, was selected by his peers for inclusion in the 29th Edition of The Best Lawyers in America for land use & zoning law.
Benzakein of Cresa acts for CDCLI in relocation to Melville
September 13, 2022
Melville, NY After a thorough search of the Long Island market, CDCLI has decided to relocate its headquarters to 1660 Walt Whitman Rd. CDCLI will make the 23,500 s/f space their
Racanelli Construction Co. completes $61 million, 249,246 s/f apartment building project in Oceansid...
September 13, 2022
Oceanside, NY Racanelli Construction Company, Inc., a leading construction management, general contractor and design/build resource for commercial, industrial, retail, medical, pre-engineered and multi-unit residential projects,
BOMA NY: The Inflation Reduction Act and commercial real estate
September 13, 2022
New York, NY The Inflation Reduction Act of 2022 (IRA), signed into law by President Biden on August 16, includes a mixture of tax, health care, and energy policy. The commercial real estate industry should be aware of the
IREM NYC fourth annual Sporting Clays Fundraiser to be held Friday, October 7th 2022
September 13, 2022
New Paltz, NY Join IREM NYC for its fourth annual Sporting Clays Fundraiser and make it the best one yet! The annual Sporting Clays Fundraiser will be held Friday, October 7th 2022 at Mid-Hudson Sporting Clays, 411 North Ohioville Rd
PWC to host annual event: Salute to Women of Achievement September 21
September 13, 2022
New York, NY On September 21st, Professional Women in Construction (PWC) will be hosting their annual Salute to Women of Achievement event where they will be honoring three professionals for their outstanding careers
Aurora Capital and Midtown Equities commence leasing at 200 Montague
September 13, 2022
Brooklyn, NY According to co-developers Aurora Capital Associates and Midtown Equities, leasing has launched at its new luxury residential rental and retail offering at 200 Montague St. located in the Borough Hall Skyscraper Historic
YoungWoo & Associates celebrates opening of Radio Hotel and Tower
September 13, 2022
Manhattan, NY Radio Hotel, a full-service boutique hotel in Washington Heights, celebrated its soft opening with a ribbon cutting ceremony. The event was attended by city leaders and
Brookfield Props. and Park Tower Group begin leasing at Eagle + West
September 13, 2022
Brooklyn, NY Brookfield Properties, in partnership with Park Tower Group, launched leasing at Eagle + West, a 745-unit luxury apartment complex designed by architecture firm OMA. With Beyer Blinder Belle Architects collaborating
Durst Org. achieves 50% leased at Sven tower
September 13, 2022
Queens, NY According to the Durst Organization, the 670 market-rate residences in its newest luxury residential tower, Sven, are 50% leased. The milestone comes after eight months of leasing, with the first residents
FirstService Residential adds 1,350 units to its management portfolio
September 13, 2022
New York, NY FirstService Residential, a leading residential property management company, welcomed multiple new clients across various asset types, including condominiums, cooperatives, multifamily rental buildings, and newly
The time for lead inspections is now - by Lee Wasserman
September 13, 2022
By now, most NYC property managers have heard of the new lead-based paint inspection laws created to end childhood lead poisoning. To sum up the new laws, impacted property owners in NYC must have all dwelling units inspected for lead paint by