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Shorewood Real Estate breaks ground on 24-story, mixed-use Jamaica project; 326,000 s/f building des...
November 5, 2019
Queens, NY Shorewood Real Estate Group has broke ground on 160-05 Archer Ave., a 24-story mixed-use building designed by Hill West Architects in Jamaica. The 326,000 s/f building will contain 315 rental units and 25,000 s/f of ground floor retail space.
Perfetto of Cohen & Perfetto named to Best Lawyers list
November 5, 2019
New York, NY For a ninth consecutive year, Louis Perfetto, the managing partner at Cohen & Perfetto LLP, has been selected by his peers for inclusion in the 26th edition of The Best Lawyers in America list. Perfetto was nominated as one of the top lawyers in the U.S...
S:US and Bronx Pro Group break ground on Jerome Avenue Apartments; Marvel Architects designed the 17...
November 5, 2019
Bronx, NY Council member Fernando Cabrera, the NYC Housing Development Corp. (HDC), the NYC Department of Housing Preservation and Development (HPD), and the NYC Human Resources Administration (HRA) joined Services for the UnderServed (S:US), Bronx Pro Group LLC...
Federal Home Loan Bank of New York awards $2.5 million grant for rehab of MHACY’s Calcagno Homes C...
November 5, 2019
Yonkers, NY According to the Municipal Housing Authority for the City of Yonkers (MHACY), a $2.5 million award was presented from the Federal Home Loan Bank of New York to help finance rehabilitation of the Ross F. Calcagno Homes apartment complex. The rehabilitation work to the 278-unit complex...
Developers VOA-GNY and Robert Sanborn Development top out 14-story, 122-unit Clarke Place Senior Res...
November 5, 2019
Bronx, NY Construction of Clarke Place Senior Residence has reached the halfway point, marked by a “topping out” ceremony on September 18th. The new apartment building, now 56% complete one year after breaking ground, is located at 112 East Clarke Place in the Jerome Ave.
Hill West-designed Skyline Towers LIC project tops out; Developed by Risland, FSA and United Constru...
November 5, 2019
Queens, NY Skyline Tower has topped out at 778 ft. The luxury condo in Long Island City has views of Manhattan’s buildings, like One World Trade Center and the Empire State Building. Designed by Hill West Architects, the building’s 358,538 s/f translucent glass curtain wall stands out...
Autism Communities holds its First Annual Gala at The Garden City Hotel
November 5, 2019
Deer Park, NY Autism Communities, a not-for-profit agency that was formed to provide housing for individuals with autism that facilitates an independent, safe and inclusive living environment, recently held its First Annual Gala at The Garden City Hotel, where it honored Bruce Mosler...
ALA – Long Island chapter presents new 2019-2020 board of directors
November 5, 2019
Uniondale, NY The Association of Legal Administrators (ALA) – Long Island chapter unveiled its 2019-2021 board of directors. The board includes the following: President: Virginia Kawochka, administrator at Forchelli Deegan Terrana LLP (FDT).
English of Netter Real Estate named Realtor of the Year by the New York State Association of Realtor...
November 5, 2019
Verona, NY The New York State Association of Realtors has honored Liz English as the 2019 Realtor of the Year during the association’s recent Fall Business Meetings at Turning Stone Resort & Casino. She is the 62nd recipient of the Realtor of the Year award, which...
TRITEC breaks ground on $103 million Lindenhurst apartment project; Team includes: BHC, EMTEC, MRA, ...
November 5, 2019
Lindenhurst, NY TRITEC Real Estate Company held a groundbreaking ceremony for The Wel, a 260-unit apartment complex on a 7-acre lot located across the street from the LIRR Lindenhurst Train Station and a few blocks east of Wellwood Ave. (Min St.)
Zere family hosts judge Pirro book signing party
November 5, 2019
Smithtown, NY The Zere family hosted a book signing party for celebrity judge Jeanine Pirro at their family home. David Zere was the official host and chef for this event. The event was attended by the local community, business leaders and politicians from Long Island...
Engel Burman Group executives discuss South Florida expansion plans with CIBS members
November 5, 2019
Syosset, NY Executives of one of L.I.’s largest developers of senior housing told the Commercial Industrial Brokers Society of L.I. (CIBS) that a combination of factors, including a cutoff of new natural gas supplies, the prospect of a state prevailing-wage law, rent control...
Long Island chapter of Appraisal Institute holds seminar - Sept 25th; With Suffolk Academy of Law, S...
November 5, 2019
Hauppauge, NY The L.I. chapter of the Appraisal Institute and the Suffolk Academy of Law, Suffolk County Bar Association Condemnation and Tax Certiorari committee presented a joint three-hour seminar, “Condemnation and Tax Certiorari.” The seminar provided a panel of appraisers
Commercial Classroom: Cap on carbon emissions - by Edward Smith
November 5, 2019
NYC has passed the most ambitious legislation in the world to reduce carbon emissions in buildings; Local Law 97, a part of the Climate Mobilization Act was made law on May 18th. This law creates Carbon Emissions Limits for all NYC buildings over 25,000 s/f. Oil, natural gas and coal are called fossil fuels...
Mandel, Rizzi, Schrenk and Cruz of JLL close retail property sale
November 4, 2019
Oceanside, NY JLL has closed the sale of a single-tenant retail building leased to Party City. JLL marketed the property on behalf of the seller. Consolidated-Tomoka Land Co. purchased the asset. The sale price was not disclosed and there was no buyer representative.
McCoy and Pezza of NAI LI complete four retail leases - 10,111 s/f total
November 5, 2019
Huntington, NY Dennis McCoy and Gary Pezza of NAI Long Island represented both F45 Training (Alberts Group) and the respective landlords in the lease of four different locations in Huntington, Hauppauge, Massapequa and Syosset. The following retail leases total 10,111 s/f:
Masson of SCG Retail brokers $2.5 million sale of 5,000 s/f property; Colantonio of Schuckman Realty...
November 4, 2019
Syosset, NY SCG Retail has completed the sale of a stand-alone building for $2.5 million. The 5,000 s/f building is located at 220 Jericho Tpke., a former MIDAS location. According to the SCG Retail broker who represented the purchaser, Nick Masson, "This buyer is an IHOP franchisee...
What is the “Good Guy Clause” in commercial real estate? Understanding the term - by Ron Koenigs...
November 4, 2019
In commercial real estate there are many terms and phrases that are often tossed around like the “Good Guy Clause,” but how many of them are actually understood inside and out? As a leading professional in the commercial real estate industry, we feel it is our obligation to provide our audience and clients...
How renewables and green technologies mitigate commercial real estate natural gas moratorium - by Na...
November 5, 2019
Renewable and green technologies continue to aggressively integrate and expand throughout the commercial real estate private sector and structured in various asset procurement, investment, and power conservation or cash-flow related assets. From a macro consideration, the industry has...
New York Court of Appeals case flips over tax grievance challengers - by Keith Brown and David Perni...
November 5, 2019
The New York Court of Appeals recently decided a case which will dramatically change the requirements for initiating review of real estate tax assessments, triggering additional concerns that property owners in NYS should consider when drafting lease agreements. In Larchmont Pancake House v. Bd. of Assessors...