Search
Story results for:
Alterations and existing fire protection systems in New York City – Five essential considerations...
November 3, 2020
Over the last several years New York City real estate interests have made significant efforts to modernize, freshen up and renovate existing buildings. Renovations are often driven by a desire to keep older existing buildings competitive with newer buildings and most recently as a response to the COVID-19 pandemic (HVAC modifications, changes to workspaces etc.). As a result, the contracting community is often faced with significant construction operations inside a building with existing systems and occupants.
DNA Development reaches 80% sold at 350 West 71st St. conversion
November 3, 2020
Manhattan, NY According to DNA Development, 350 West 71st St., a conversion project that combines two historic pre-war buildings into one contemporary condominium, is 80% sold. With closings underway and residents living in the building, the
Titan Machine and RXR Realty’s LIC project approved by Queens Community Board 2
November 3, 2020
Queens, NY Queens Community Board 2 voted to approve Titan Machine and RXR Realty’s zoning application for a new, 100%commercial building at 42-11 9th St. in Long Island City. The mixed-use development will feature 70,000 s/f of modern industrial space at the building’s base, 270,000 s/f of commercial office space, and 2,900 s/f of ground-level retail. The project is a partnership between Titan, an elevator manufacturing and repair company, and RXR, a leading real estate company.
Arker Companies welcomes residents to The Fountains phase 1 with New York Empire State Development a...
November 3, 2020
Brooklyn, NY According to The Arker Companies, in partnership with New York Empire State Development and Homes and Community Renewal, it has opened the two-building first phase of the planned six building, 1,163 unit, 100% affordable housing development, The Fountains in East New York, to low-income residents. Phase one has 332 total apartments for New Yorkers making up to $61,440 for a family of three, which is 60% AMI.
AEIS completes inspection and testing on Henry Hudson Bridge
November 3, 2020
New York, NY Atlas Evaluation & Inspection Services (AEIS), a leading testing, inspection and certification company based in South Plainfield, NJ, has completed testing and inspection on Henry Hudson Bridge, a fixed steel-arch bridge with a double deck of two roadway levels, viaduct and approach structures on both sides of the arch span, and spanning over 840 ft. Originally built in 1935, Henry Hudson Bridge connects the northernmost tip of Manhattan and the Bronx, serving over 62,000 cars per day.
Executive of the Month: Thomas Vecchione of Vocon draws from over 30 years of experience to provide...
November 3, 2020
New York, NY The New York Real Estate Journal (NYREJ) sat down with Thomas Vecchione of Vocon,
our executive of the month, for a question and answer session. Vecchione is a strategic design expert with more than 30 years of experience in architecture and real estate planning. He is acknowledged by the industry as an innovator in real estate strategy, and specifically for his ability to creatively rethink and reposition assets to support the changing needs of property owners and space users.
Securing long-term savings for comm’l. properties with solar - by Stephan Hartmann
November 3, 2020
Like most businesses today, commercial property owners are up against unprecedented obstacles. Many are left feeling that investing available funds into their properties is simply not viable. Looking for ways to maximize the value of their assets while decreasing expenses has become paramount. Transitioning properties to renewable energy systems allows commercial property owners to decrease operating expenses leading to immediate net benefits.
Commercial Classroom: Focus on leasing - by Edward Smith
November 3, 2020
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. This is a reprint of an article I did in March 2009 at the height of the Great Recession. Given the current economy we see a lot of activity in the leasing arena. Business is on the move, some are growing, some are shrinking; leases expire. Landlords are certainly doing all they can to retain or attract new tenants: reducing rents, forgiving escalations, offering concessions. The landlords fear is vacant space, interruption of their cash flow.
No damage for delay clauses as interpreted by The Appellate Division, First Department - by Andrew R...
November 3, 2020
Delay damages have been a hot topic in construction in New York State for over three decades. These damages could be for extended supervision costs, increased labor wages and additional labor costs caused by inefficient work experienced by contractors caused by owner delays. Up until the seminal case of Corinno Civetta, decided by the New York State Court of Appeals, delay damages were available to contractors who incurred additional costs for labor due to delays caused by the owner.
Schuckman hires Schertz
November 3, 2020
Rockville Centre, NY Schuckman Realty welcomed Sam Schertz to their investment sales team. Schertz focuses on the sale of investment properties in the multifamily, mixed-use, retail and development sectors. Schertz will continue to assist the growth of the Schuckman Realty’s Investment Sales Team. Prior, Schertz was an associate director at Avison Young where he focused on the sale and disposition of multifamily and mixed-use assets in the boroughs of NYC.
P.W. Grosser Consulting, Inc. welcomes Morrow
November 3, 2020
Bohemia, NY To meet increasing demand for its expanding SEQRA division, P.W. Grosser Consulting, Inc. (PWGC) has hired Rebecca Morrow, CFM. Morrow will work in association with PWGC’s newly established NYS Environmental Quality Review Act (SEQRA) Division, which is led by PWGC vice president Kim Gennaro-Oancea, MS, AICP. She joins a PWGC team that is growing to meet client demand for SEQRA-related consulting services that includes the development of Draft and Final Environmental Impact Statements and Environmental Assessment Forms.
Cronin of Certilman Balin named chair of Tax Certiorari Committee of Nassau County Bar Assoc.
November 3, 2020
East Meadow, NY Richard Cronin, a partner in the Tax Certiorari and Condemnation Law Practice Group at Certilman Balin, was named the chairperson of the Tax Certiorari Committee of the Nassau County Bar Association. He represents owners of various types of commercial property in real estate tax review proceedings throughout the state of New York. His thorough knowledge of Nassau County’s tax lien laws has helped property owners in Nassau to obtain further reductions in real estate taxes.
Watson joins Cino Ltd. as dir. of business development
November 3, 2020
Coram, NY Cino Ltd., a full-service risk management, cyber security and training resource, hired Rodney Watson as director of business development. Watson, a former running back for the Cincinnati Bengals and prominent professional motivational personality, will head up Cino’s business development team across its cyber security, financial services and training divisions. He brings three decades of sales and account management experience in financial and information technology services to his new role.
Forchelli Deegan Terrana LLP reorganizes leadership roles
November 3, 2020
Uniondale, NY Forchelli Deegan Terrana LLP (FDT), a premier full-service law firm, acclaimed for its client service and quality representation, has made the following management reorganization: • Jeffrey Forchelli, chairman of the firm and co-managing partner; • John Terrana, co-managing partner; and • Judy Simoncic, deputy managing partner. Forchelli founded the firm in 1976 and has served as managing partner since its inception.
Patchogue VFW #2913 gets new heat and air conditioning system courtesy of Local Steamfitters #638
November 3, 2020
Patchogue, NY A fleet of trucks bearing a team of technicians and project manager from a local heating, ventilation and air conditioning (HVAC) company arrived at VFW Post #2913 on September 22nd. They and a company co-owner met with VFW members and commander; senator Monica Martinez; president of the Building and Trades Council; and a representative from Steamfitters Local Union #638.
Long Island Regional Planning Council releases results of two economic development surveys
November 3, 2020
Syosset, NY As Long Island businesses continue to struggle amid the COVID-19 pandemic—combined with an increasingly challenged brick-and-mortar retail sector prior to the pandemic—land use across Nassau and Suffolk counties could be altered significantly during the post-COVID-19 economy, according to a new study. Meanwhile, the Incorporated Village of Farmingdale has gone through a renaissance over the past decade and serves as a model for future downtown revitalizations across Long Island, a new study finds.
Hunt of Hunt Corporate represents Anton Cerrone Assocs. for 3,578 s/f
November 3, 2020
Plainview, NY According to Hunt Corporate Services, Inc., Long Island Pediatric Neurology has leased 3,578 s/f of office space at 185 Express St. David Hunt represented the landlord, Anton Cerrone Associates. “This suite was custom modified to meet the needs of this neurological practice, including exam, testing, and office administration areas,” said Hunt. “In addition, the tenant had a very tight time constraint, which the landlord was able to accommodate. The building is now 100% leased.”
Gottlieb of Schuckman Realty brokers two leases: 3,320 s/f
November 3, 2020
Plainview, NY Schuckman Realty has facilitated the leasing of restaurant space at 1056 Old Country Rd. to Japan Express. Edward Gottlieb, CRX, CLS of Schuckman Realty represented the landlord in a 10-year lease for 1,450 s/f in the Morton Village Shopping Center. Japan Express offers Japanese cuisine for dine-in and take out. Located next to the new Lidl Food Market, Japan Express is one of several new tenants expected to open in the Morton Village Shopping Center this year.
Densen and Mayor of Island Assocs. broker $450,000 sale
November 3, 2020
East Islip NY Lawrence Densen and Chris Mayor of Island Associates Real Estate Smithtown NY have completed the $450,000 sale of a stand-alone office building. The property, located at 248 Montauk Hwy., was sold by Gibson & Godiva Inc. to AmeriKen Pools Inc. A pool servicing company specializing in swimming pool openings/closings, power vacuuming, weekly service, saltwater conversions, equipment installations and repairs.
Rechler Equity Partners begins tours of Hampton Boathouses on Long Island’s East End
November 3, 2020
Hampton Bays, NY The first townhomes at the Hampton Boathouses—a luxury, waterfront townhome community by Rechler Equity Partners—are now accepting applications and providing tours. Due to a desirable rental market on Long Island’s East End, the first 16 homes at the Hampton Boathouses will be available for a year-long rent, rather than purchase. With a large percentage of the workforce still working remotely, the two fully furnished model homes have been staged so individuals can visualize their new work/life balance with unmatched views of the Shinnecock Canal.