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Zere of Zere Real Estate brokers $400,000 sale of industrial condo
June 4, 2019
Ronkonkoma, NY Zere Real Estate Services, a commercial real estate company, has sold a 2,500 s/f commercial industrial R&D condominium at 144-1 Remington Blvd. Michael Zere, executive vice president at Zere Real Estate, represented both parties...
Nizam of SVN | Realty Three Advisors selected to Port Jefferson’s BID board
June 4, 2019
Port Jefferson, NY SVN | Realty Three Advisors LLC’s Naji Nizam has been elected to serve on the board of directors of Port Jefferson’s Business Improvement District (BID). lready active in community affairs and recognized locally as...
Pezza and Simone of NAI Long Island complete sale
June 4, 2019
Freeport, NY Gary Pezza, senior director, and John Simone, principal, of NAI Long Island, represented the seller, 47 North Main LLC, and the buyer, Delmont Health Care, in the sale of 47 North Main St. The property is a 2,200 s/f, two-story office building.
Cohen of Ashlind Properties arranges three Long Island deals; Includes $3.284 million sale of a 28,3...
June 4, 2019
Islandia, NY Richard Cohen, president of Ashlind Properties, an industrial/commercial Realtor, has brokered the following three deals. Cohen represented Corfu Property LLC, the seller, in the $3.284 million sale of 165 Oval Dr. The buyer, Island Industries Corp...
Hunt Corp. Q&A: Evaluating tenants and reduce your risk
June 4, 2019
Q: We own an office building on Long Island that houses our own offices, as well as several tenants. We recently had a tenant close his doors after only a single year of occupancy. How do we avoid this in the future?
Max and Doug Omstrom and Crennan of JLL represent tenant in 103,000 s/f lease
June 4, 2019
Syosset, NY According to JLL, One Stop Properties, a Long Island City-based real estate development company, has leased 103,000 s/f at 225 Underhill Blvd. The company, which specializes in flexible warehouse, office and land rentals throughout the tri-state area,
Delisle of Island Associates brokers $2.45 million sale;
Kolin of Corporate Commercial Realty rep...
June 4, 2019
West Islip, NY Roger Delisle of Island Associates Real Estate Inc., who represented the purchaser, and Harvey Kolin of Corporate Commercial Realty, LLC, who represented the seller, negotiated and closed the $2.45 million sale of 425 Union Blvd.
LIREG opposes New York State Legislation expanding prevailing wages
May 21, 2019
Westbury, NY The Long Island Real Estate Group (LIREG), a networking and philanthropic organization composed of almost 400 professionals in the real estate industry and allied trades, is opposed to prevailing wage legislation now under review in the New York State legislature.
Stalco Construction and BBS Architects complete
$3.95 million Herricks High School café and com...
June 4, 2019
New Hyde Park, NY Serving the Herricks Union Free School District, general contractor Stalco Construction and architect BBS Architects, Landscape Architects and Engineers have completed the renovation and expansion of Herricks High School’s cafeteria into a 7,000 s/f café and commons.
Outside the Region: Largo opens new office located in Orlando, Fla.
May 21, 2019
Orlando, FL With the opportunities resulting from the latest commercial real estate mergers, the Largo Group of Companies has opened a new office
Darouvar and Oskar of Venture Capital Properties represent Rodney Capital in $2.815 million sale
May 31, 2019
Brooklyn, NY According to Venture Capital Properties, the firm has closed the sale of 121 3rd Pl., a four-story walk up multifamily…
Outside the Region: Rafinia Property Group facilitates sale of Central Plaza Retail Center for $1.7 ...
May 21, 2019
Church Hill, TN Rafinia Property Group (RPG) has facilitated the sale of the Central Plaza Retail Center for $1.7 million. Central Plaza Retail Center is a 43,700 s/f retail strip center with
Hunt of Hunt Corp. represents landlord in 10,000 s/f
lease renewal to CHIPS Computer Consulting ...
May 30, 2019
Syosset, NY According to Hunt Corporate Services, Inc., CHIPS Computer Consulting has renewed their lease of 10,000 s/f at 5 Aerial Way. David Hunt of Hunt Corp. represented the landlord, Anton Cerrone Associates. Harris Rousso of Real Estate Strategies represented...
Mojo of Mojo Stumer Associates receives
2019 Lifetime Achievement Award
May 30, 2019
Greenvale, NY According to Mojo Stumer Associates, Thomas Mojo, principal emeritus at the firm, received a 2019 Lifetime Achievement Award at the Long Island Business News Real Estate, Architecture and Engineering Awards.
Niblock of Friedman-Roth arranges $2.7 million sale
May 21, 2019
Queens, NY Friedman-Roth Realty Services has completed the sale of a commercial building located at 47-02 Queens Blvd. Located in the Sunnyside section, the free-standing property has frontage on three
Maddigan and Stanton of JLL broker $41 million sale
May 21, 2019
Brooklyn, NY JLL Capital Markets has sold 151 Kent Ave. in the Williamsburg neighborhood for the family of Norman Seidenfeld, Esq., and Zelda Mehl. 151 Kent Avenue Owner LLC acquired the 56,550 s/f residential loft building for $41 million.
Burton, Shapiro, Carrozzo and Sutton of Cushman & Wakefield complete $10.825 million NoLita sale
May 21, 2019
Manhattan, NY Cushman & Wakefield has arranged the sale of 51 Spring St., an 8,076 s/f mixed-use building. The final closing price is $10.825 million equating to $1,340 per s/f.
Question of the Month: How do you take advantage of infrastructure and land remediation investments ...
May 21, 2019
On April 17, 2019, the IRS released its latest proposed regulations and additional guidance on 1400Z-2 of the IRS Code to clarify questions presented by the regulated community and investors related to tax deferred “Qualified Opportunity Funds” (QOF).
REBNY Report: Brooklyn retail average asking rents cool in winter 2019
May 21, 2019
Brooklyn, NY Average asking rents for available ground floor retail spaces increased year-over-year in five of the 17 Brooklyn corridors analyzed by the Real Estate Board of New York (REBNY) in its bi-annual Brooklyn Retail Report.
New York State agencies celebrate "Green Your Commute Day" by launching summer-long "Green Your Comm...
May 20, 2019
Albany, NY According to the New York State Departments of Environmental Conservation (DEC) and Transportation (DOT) and the New York State Energy Research and Development Authority (NYSERDA), 2,768 state employees celebrated "Green Your Commute Day."