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July 2020 message from the president of NYSCAR - by James Walker
August 4, 2020
I hope you are doing well and staying safe. I know everyone has been very busy getting back to work and I just want to remind you that it is of the utmost importance to follow safety guidelines issued by
Verderber and Frankel of Silber Investment Properties handle Walgreens sale – $9 million
August 4, 2020
Binghamton, NY Silber Investment Properties completed the sale of a 13,804 s/f Walgreens for $9 million at a 6.5% cap rate. The subject property, located at
Cronheim Mortgage arranges $11.9 million financing for Mountain View Terrace Apartments
August 4, 2020
Latham, NY Cronheim Mortgage arranged $11.9 million in non-recourse financing for Mountain View Terrace Apartments, a 128-unit garden apartment complex. The loan was structured on
Prestige Hospitality Group and MAGDI celebrate hotel opening in Lake Placid
August 4, 2020
Lake Placid, NY According to Justin Smith, president of Prestige Hospitality Group, LLC, (PHG) the newly constructed Lake Placid Inn has opened. The Lake Placid Inn is an independent hotel featuring 40 rooms and suites offering lake and mountainside views. Located at
Nassau IDA adopts policy to create more affordable housing
August 4, 2020
Mineola, NY At the July 9th virtual meeting of the board of directors and at the request of Nassau County executive Laura Curran the Nassau County Industrial Development Agency (NCIDA) adopted
Ferrara joins The Patriot Organization
August 4, 2020
Deer Park, NY According to The Patriot Organization, Sabrina Ferrara has joined as executive assistant to president, Jonathan Singer.
Commercial Classroom: Negotiations today - by Edward Smith
August 4, 2020
As real estate agents, we negotiate every day with potential clients to get an exclusive listing and for our commission fee. We then negotiate for our client to get them the best deal possible. If
The pandemic introduces new takeaways and opportunities in commercial real estate - by Anthony Raca...
August 4, 2020
While the pandemic is a chapter in our history we would all soon like to forget, it is important that we recognize and appreciate how our healthcare professionals and law enforcement have been stepping up with great courage and
The impact of COVID-19 on construction projects and potential legal consequences - Andrew Richards
August 4, 2020
The cost impact of COVID-19 has affected almost every industry in America. Construction is no exception. Since March 2020 construction project owners, contractors and subcontractors have been
Tax certiorari in the Age of COVID-19; Understanding your right to a fair tax assessment - by Richar...
August 4, 2020
The COVID-19 pandemic abruptly and profoundly turned the world upside down and has largely reshaped our day-to-day experiences, both personally and professionally. Phrases such as “social distancing” and “flatten the curve,” first heard
Now is the time to invest in an airplane - Nick Tarascio
August 4, 2020
Whether for personal use or business, now is the time to consider buying a plane. The idea of owning a jet remains but a dream for many. However, aircraft ownership is less costly than one might think,
Evergreen supplies lumber for Bridgeport & Port Jefferson Steamboat Ferry Station project
August 4, 2020
Wading River, NY Evergreen Forest Products, Inc., a direct importer and supplier of sustainable hardwoods, including environmentally-friendly marine lumber and dock piles, decking and shingles, was the supplier of Greenheart Wood for
Hunt Corp. Commercial Real Estate Q&A: Buying for resale value - by David Hunt
August 4, 2020
Q: We are in the market to purchase a 30,000 s/f industrial building suitable for light manufacturing and warehousing. What criteria should we consider in our purchase that will maximize the appreciation of the real estate in the future?
Gottlieb and Schuckman of Schuckman Realty broker $925,000
August 4, 2020
Lake Grove, NY Schuckman Realty has facilitated the sale of a building at 2820 Middle Country Rd. for $925,000. Kenneth Schuckman and Edward Gottlieb, CRX, CLS of Schuckman Realty Inc. represented the
Castagna of Castagna Realty passes at age 91
August 4, 2020
Manhasset, NY According to the Long Island Real Estate Group, (LIREG) industry magnate and philanthropist, Frank Castagna, passed away at home at the age of 91.
Hackett of Metro Realty Services is sole broker in $1.83 million sale
August 4, 2020
Bayshore, NY According to Metro Realty Services, LLC, a 7,000 s/f property at 1600 Harrison Ave. has been sold to 1600 Harrison Avenue LLC. The property traded for $1.83 million.
BOMA New York acts locally and leads globally
August 4, 2020
New York, NY BOMA New York has been diligent with transforming its face-to-face programs to online webinars.
IREM NYC’s Second Annual Clay Shoot to be held October 2nd, to benefit Gigi’s Playhouse NYC
August 4, 2020
New York, NY Join IREM NYC for a great day of fun, for an even greater cause. IREM NYC’s Second Annual Clay Shoot will be held on Friday, October 2nd at Mid-Hudson Sporting Clays in New Paltz
PWC hosts virtual Transportation Forum – MTA Outlook; Sponsored by E-J Elec., HNTB, Hudson Meridia...
August 4, 2020
New York, NY On August 5th, Professional Women in Construction (PWC) will host a virtual panel discussion with the MTA. This is PWC’s second
Onyx Equities to transform WestPark into smart office campus; issues RFP to retrofit class A buildin...
August 4, 2020
White Plains, NY According to DJ Venn, senior vice president of asset management at Onyx Equities, the company has issued an RFP to create one of the first smart office campuses in the