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Metro Realty Services handles three sales totaling $4.95 million
September 7, 2021
Hauppauge, NY Metro Realty Services, LLC closed the following: Nicholas Romano of Metro Realty Services sold 5.02 acres industrial land in Calverton to
Forchelli Deegan Terrana names Partain a partner
September 7, 2021
Uniondale, NY Forchelli Deegan Terrana LLP (FDT) welcomes Rachel Partain to the firm’s Tax, Trusts & Estates and Corporate and Mergers & Acquisitions practice
Siddiqui and Sommer join PWGC Engineering Unit
September 7, 2021
Bohemia, NY According to PWGC’s Engineering Unit, Hajera Siddiqui and Tim Sommer, IE, have joined the firm as staff engineers.
Schuckman Realty handles lease of 1.5 acre development site in Deer Park
September 7, 2021
Deer Park, NY Schuckman Realty Inc. has facilitated the leasing of a 1.5 acre corner development site at 450 Commack Rd. The site will be developed for a
Land use and the Takings Clause of the United States Constitution - by Aaron Gershonowitz and Brian ...
September 7, 2021
The Takings Clause of the United States Constitution prohibits the government from “taking” property without compensating the owner. At the same time, it
Executive of the Month: Ron Koenigsberg leads American Investment Properties through hard work, pass...
September 7, 2021
Garden City, NY The New York Real Estate Journal (NYREJ) sat down with Ron Koenigsberg, this month’s Long Island Executive of the Month.
The uncertainty surrounding the Delta variant should reduce property taxes for many properties - by ...
September 7, 2021
Property taxes should be reduced commensurately with declines in the market and specifically, their particular property’s operations. This is not a new concept, rather, a very old one that
The Phase One Environmental Site Assessment (ESA) vs. other risk mitigation products - by Chuck Merr...
September 7, 2021
In 1994, the first approved standard for Environmental Site Assessments (ESA’s) was released by the American Society of Testing Materials (ASTM). The standard has been revised several times since then
Long Island’s industrial real estate outshining office space - by Anthony Racanelli
September 7, 2021
Like most sectors, Long Island’s commercial/industrial real estate market was affected by the pandemic. Office space, in particular, experienced increased vacancies, while
Pros and cons of an architect as initial decision maker in AIA contracts - by Andrew Richards
September 7, 2021
The AIA form of owner-contractor contract utilizes an initial decision maker for disputes between the owner and contractor which may include scope of work disputes, delays and termination of
Vanderbilt Realty closes on $11m sale of Ronkonkoma office complex
September 7, 2021
Ronkonkoma, NY Vanderbilt Realty of Glenwood Landing, completed the closing of 3285 Veterans Memorial Hwy. on behalf of a Hackensack, N.J. partnership.
Simone Development sells former RUCO Polymer Corp. site in Hicksville
September 7, 2021
Hicksville, NY Simone Development Companies has completed the sale of the 15-acre former site of the RUCO Polymer Corp. in Nassau County.
Racanelli Construction Co. attains platinum level in ABCs’ National safety prog.
September 7, 2021
Melville, NY Racanelli Construction Company, Inc., a leading construction management, general contractor and design/build resource for commercial, industrial, retail,
New Mountain Capital invests in 491,000 s/f facility
September 7, 2021
Yaphank, NY According to New Mountain Capital, a defensive growth-oriented investment firm that manages more than $33 billion across private equity, credit, and
Hunt Corp. Commercial Real Estate Q&A: Environmental reports
September 7, 2021
Q: We have made an offer to purchase a building. Our broker insisted that it was made “subject to environmental.” What exactly does that mean?
Mojo Stumer + Associates designs 4,500 s/f space for Esquire Bank
September 7, 2021
Jericho, NY Mojo Stumer + Associates completed a 4,500 s/f space for Esquire Bank’s headquarters. In its fourth expansion in as many years, Esquire Bank
Levin Mgmt. arranges 30,000 s/f lease with Lidl at Mayfair Shopping Ctr.
September 7, 2021
Commack, NY Lidl, a top-ranked U.S. grocer, is continuing its East Coast expansion with a new store, leasing 30,000 s/f at Mayfair Shopping Center.
O’Hara, Posillico and Schachner of CAMCO handle $1.75 million sale of 1100 Old Country Rd.
September 7, 2021
Plainview, NY CAMCO Commercial Real Estate LLC, a commercial real estate brokerage, handled the sale of 1100 Old Country Rd.
CSOB and Gobii Europe prepare a revolutionary solution in real estate
September 7, 2021
New York, NY The CSOB Group and Gobii Europe (in which Stratus Data Systems and its management indirectly hold a majority stake) are about to form a joint venture called Igluu.
Elite Builders & Management retained by L+M for ornamental steel project at 121 West 125th St.
September 7, 2021
New York, NY Elite Builders & Management (EBM), a New York-based M/WBE design-build company specializing in ornamental, structural, and miscellaneous steel, has been