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Marketing properties in a Pandemic requires innovative thinking - by Ron Koenigsberg
January 5, 2021
When I read the book, “Rich Dad Poor Dad” by Robert Kiyosaki I thought about my “two Dads.” The book described his real father (poor dad) and the father of his best friend (rich dad)—and the ways in
Suffolk IDA preliminarily approves Piping Rock Health Products LLC transaction
January 5, 2021
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction with Piping Rock Health Products LLC that will once again add to the county’s ever-growing pharmaceutical
American Investment Properties sells Northport office building
January 5, 2021
Northport, NY According to Ron Koenigsberg of American Investment Properties, (AIP) the firm completed the sale of an office building located at 700 Fort Salonga Rd.
The COVID-19 pandemic will have long-lasting implications on commercial real estate’s future - by ...
January 5, 2021
The world has changed dramatically since the Coronavirus outbreak, and real estate markets have not escaped its impact. The pandemic has magnified and accelerated a number of sector trends for the longer term. Even in a post-pandemic world,
Project of the Month: New All American Assisted Living in Coram built by Racanelli Construction Comp...
January 5, 2021
Coram, NY Today’s best senior living facilities are a far cry from the institutional buildings of the past. Reflecting warm, engaging and home-like settings, they now focus on the optimal living, care, health, and safety of
2020: A year to remember like no other - by Richard DiGeronimo
January 5, 2021
2020 will certainly go down in history—a global pandemic; political and social unrest; a newly elected President; a first quarter stock market downturn followed by a record breaking year end; anti-trust litigation on big tech – Facebook; residual
P.W. Grosser Consulting welcomes Balestra
January 5, 2021
Bohemia, NY To meet increasing demand for the services offered by P.W. Grosser Consulting, Inc.’s (PWGC) Environmental Division, they have
Five Point Real Estate brokers $3.075 million sale
January 5, 2021
Bellmore, NY Five Point Real Estate handled the sale of a Mobil Gas Station located at 2798 Merrick Rd. The sale price was $3.075 million.
Metro Realty leases 14,600 s/f total, facilitates two sales totaling $1.14 million
January 5, 2021
Ronkonkoma, NY Metro Realty Services completed the following: Nicholas Romano of Metro Realty Services, LLC leased 9,600 s/f at 700 Union Pkwy. Romano represented the landlord, Harkins & Assoc. and Gary Chimeri of
Hunt Corp. Commercial Real Estate Q&A: Review the proposed lease – twice! - by David Hunt
January 5, 2021
Q: We have found the right office space and will be receiving a proposed lease from the landlord. Obviously, we will have attorney review the lease. Is there anything else we should do to negotiate the lease?
JSA Design completes Sunrise of Huntington assisted living community in Huntington Station
January 5, 2021
Huntington Station, NY JSA Design, an architecture, planning and interior design firm headquartered in Portsmouth, N.H., celebrated the completion of Sunrise of Huntington, a new Sunrise Senior Living assisted living
Stumer of Mojo Stumer receives lifetime achievement award
January 5, 2021
Greenvale, NY The entire Mojo Stumer team is proud and excited to congratulate founding principal, Mark Stumer, on receiving the Lifetime Achievement Award from the Long Island Chapter of the American Institute of Architects.
Wilcox of Realty Connect Comm’l. Partners brokers $4.2 million sale; industrial building purchased...
January 5, 2021
Yaphank, NY According to Realty Connect Commercial Partners, Catherine Wilcox, licensed salesperson, has completed the sale of 355 Sills Rd. This 58,000 s/f industrial building was sold for $4.2 million.
Brody of Rosewood brokers $42 million sale of Washington DC multifamily portfolio
January 5, 2021
Washington DC Rosewood Realty Group’s National Division has closed on yet another deal, this time in Washington D.C.
Meridian Capital Group arranges $60 million in financing for a 175,000 s/f office building
January 4, 2021
New York, NY Meridian Capital Group arranged $60 million in financing to refinance a 175,000 s/f office building on behalf of Bernstein Real Estate.
The Crest Group LLC executes 63,000 s/f in new leases amid COVID-19 Pandemic
December 15, 2020
Port Jefferson Station, NY The Crest Group LLC, headed by Enrico Scarda has announced within the past six months the following leases totaling over 60,000 s/f have been
Asset Preservation to offer webinar series for attorneys, CPAs and all real estate professionals - ...
January 5, 2021
Asset Preservation, Inc. will be offering a series of free webinars that qualify for CE credits in January. The presentations are open to the public. Topics this month include Delaware Statutory Trusts (DSTs), how to buy before you sell
Gotham Org. closes $232.35 million in financing with Goldman Sachs
January 5, 2021
New York, NY Gotham Organization, in partnership with Goldman Sachs Urban Investment Group, has closed on a $162.35 million loan from co-lenders, Wells Fargo Bank, N.A and U.S. Bank, N.A. Goldman Sachs Urban Investment Group
Sparks of GFI Realty Services arranges $5.85m sale
January 5, 2021
Manhattan, NY GFI Realty Services, LLC arranged the $5.85 million sale of 1314 St. Nicholas Ave., a vacant 6,753 s/f NNN lease property with 15,866 s/f of air rights in the Washington Heights neighborhood.
Flexibility is key to completing deals in today’s difficult market - by Grant Greenspan
January 5, 2021
Over the last eight months, New York City’s (NYC) vibrance has been a bit dimmer given the effects from the global COVID-19 pandemic. Many companies continue to move out of their office spaces or have made the decision to work from home well into 2021