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Wells Fargo awards $25,000 grant to CDC Long Island to support homeownership center’s counseling s...
April 2, 2019
Centereach, NY Wells Fargo has awarded a $25,000 grant to Community Development Corp. of Long Island (CDCLI) for its Homeownership Center. The grant will support the center’s existing housing counseling services,
Commercial Classroom: Assumption agreements - by Edward Smith
April 2, 2019
Often a lease will have an option for renewal by the tenant. If the option is exercised the broker is usually entitled to an additional commission. But what happens if the building is sold before the option becomes due?
Schneider and Inserra of NAI Long Island broker 1,505 s/f office lease
April 2, 2019
Plainview, NY Paul Schneider, senior director, and Carmine Inserra, principal, of NAI Long Island, represented the tenant, Elite Search Group, in the lease of 1,505 s/f.
Long Island grocery chain King Kullen acquired by Stop & Shop - by Ron Koenigsberg
April 2, 2019
More change comes to Long Island related to grocery chains. King Kullen, an iconic supermarket chain on Long Island in business since 1930, was purchased by regional competitor Stop & Shop.
The New York commercial real estate and the Green-Tech integration model - by Nancy Colella
April 2, 2019
Historically, and throughout the life of new evolution within the technology sector, there has been skepticism, criticism, and the sheer denial to what technology could produce, uncover and resolve.
Certilman Balin hires Lacey as an associate in its land use/zoning practice group
April 2, 2019
Hauppauge, NY Melanie Lacey has joined Certilman Balin as an associate in the land use and zoning practice group. She earned a juris doctor from Rutgers Law School
Mojo Stumer Associates adds three new employees to firm: Ambalu, Chavez and Sofia
April 2, 2019
Greenvale, NY Mojo Stumer Associates (MSA) has hired three new employees: Sara Ambalu as director of marketing, Maureen Chavez as a project manager, and Mason Sofia as a designer.
Gibbons joins Nelson & Pope as project manager
April 2, 2019
Melville, NY Nelson & Pope (N&P), a multi-disciplined AEC firm, has hired Thomas Gibbons, Jr., RLA, as project manager for N&P’s site division.
IDA of the Month: Brookhaven IDA closes 2018 with
strong investment and job numbers; Committing ...
April 2, 2019
Farmingdale, NY The town of Brookhaven Industrial Development Agency (IDA) had another strong year in 2018 with businesses committing to invest $344 million in projects
H2M architects + engineers acquires Wiedersum Associates
April 2, 2019
Melville, NY H2M architects + engineers (H2M), a full-service multi-disciplined professional consulting and design firm, has acquired Wiedersum Associates Architects as of March 1st.
Triangle Equities launches sales at Kensington Estates: A 55 and over townhome community; Project te...
April 2, 2019
Woodbury, NY New York-based Triangle Equities has launched sales at Kensington Estates, a 55-and-over exclusive community. The sales office is located on the corner of Jericho Tpke. and Plainview Rd., and its opening comes on the heels of construction beginning in mid-December.
Roosevelt & Cross arranges $4.9 million
April 2, 2019
Oceanside, NY The project finance division professionals of Roosevelt & Cross have arranged and closed a $4.9 million financing for the Barry and Florence Friedberg Jewish Community Center (JCC.)
Hempstead IDA revokes PILOT agreement with software company
April 2, 2019
Hempstead, NY According to Frederick Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), the agency has terminated a PILOT program halfway through its course for a Uniondale software company.
Oliver of NKF reps TRITEC in 15,030 s/f lease to LGBT Network; Crennan, Ruiz and Dugan rep tenant at...
April 2, 2019
Hauppauge, NY According to TRITEC Real Estate Company, Inc., LGBT Network has signed a lease for 15,030 s/f at 125 Kennedy Dr. The 65,000 s/f office building is located in Hauppauge Industrial Park.
Coghlan named CEO of Nassau County IDA
April 2, 2019
Mineola, NY The Nassau County Industrial Development Agency (IDA) board has selected Harry Coghlan as the agency’s new CEO. Coghlan will lead the team of professionals that promote the economic growth and prosperity of Nassau County.
Coldwell Banker NRT honors top brokers: Bestourous, Conde and Robinson
April 2, 2019
Melville, NY Coldwell Banker NRT regional manager Bill McCartney and Paul Fetscher, CCIM, CRX CLS, senior commercial real estate advisor, named the firm’s top performers among the 62 commercial brokers.
Hunt of Hunt Corp. receives LIBN award
April 2, 2019
Plainview, NY According to Hunt Corporate Services, Inc., David Hunt, president of the firm, has been honored with the Long Island Business News “Citizenship Award – Real Estate Professional.”
SWC names Lawrence a partner and hires Brees as a new associate
April 2, 2019
Uniondale, NY Sahn Ward Coschignano, PLLC has promoted Kyle Lawrence to partner and hired Joseph Brees as a new associate.
Fiore joins Forchelli Deegan Terrana as partner
April 2, 2019
Uniondale, NY Louis Fiore has joined the law firm of Forchelli Deegan Terrana as a partner in the real estate and industrial development agency (IDA) practice groups, according to Jeffrey Forchelli, managing partner of the firm.
Rechler Equity Partners hosts annual awards ceremony; Cohen of Ashlind Properties wins two awards
April 2, 2019
Plainview, NY Rechler Equity Partners hosted its annual award ceremony to honor the real estate brokers who contributed to the company’s continued growth throughout 2018. The event— held at Rechler Equity’s headquarters — brought together individuals...