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Commercial Classroom: Commercial commissions - by Edward Smith
March 5, 2019
All commission rates are negotiable. What is fair compensation for our services? When we sell a building, we are generally paid a percentage of the selling price, in other words our fee is based on a percentage of the seller’s financial gain. Due and payable on title passage.
Boyiakis to serve as insurance coordinator at The Engel Burman Group
March 5, 2019
Garden City, NY Andreas Boyiakis has joined The Engel Burman Group (EBG) in the company’s construction division as insurance coordinator.
Hollister Co. to remain open during Storefront remodel at Destiny USA
March 5, 2019
Syracuse, NY Hollister Co., the Southern California-inspired apparel retailer, will upgrade its Destiny USA storefront this spring. The store remodel will focus on updating the entryway and will be completed in two phases…
HUNT names Maxian director of career development
March 5, 2019
Buffalo, NY According to HUNT Real Estate, Jennifer Maxian has been promoted to the position of director of career development.
Maxian has been with HUNT since 2010, most recently as the manager of agent technology. Maxian holds a Master’s Degree in Business and Marketing Education from Buffalo State College.
Batista named associate board member of CIBS Long Island
March 5, 2019
Syosset, NY Greg Batista has been appointed an associate board member of the Commercial Industrial Brokers Society of Long Island (CIBS).
Cline joins Prime Engineering, PC team
March 5, 2019
Holtsville, NY Joseph Cline, PE has joined Prime Engineering, PC. He is a professional engineer with 28 years of experience within the civil engineering, government and consulting fields.
H2M hires Del Col as deputy market director
March 5, 2019
Melville, NY According to H2M architects + engineers, Patricia Del Col has joined the firm as the deputy market director for the L.I. municipal market. She has 30 years of experience working on municipal and private projects on L.I., in the areas of engineering, environmental protection, solid waste/recycling, and overall municipal operations, finance, and management.
CDCLI and American Red Cross kick off partnership to make Long Island homes safer
March 5, 2019
Centereach, NY On February 13th, Community Development Corp. of Long Island (CDCLI) kicked off its partnership with the American Red Cross on Long Island to make homes safer in Nassau and Suffolk Counties. CDCLI received training to carry out the Red Cross Sound the Alarm program, which installs free smoke alarms and provides fire safety education in at-risk communities across Long Island and across the country.
Talbot appointed CFO of TRITEC Real Estate Co., Inc.
March 5, 2019
East Setauket, NY Hanneke Talbot has been named CFO of TRITEC Real Estate Company, Inc. She is responsible for the development of the company’s financial management strategy and contributes to the development of the organization’s strategic goals. Hanneke will also be accountable for driving discipline and success in all areas of accounting, finance and property management for TRITEC.
Skolnik of Certilman Balin recieves Excellence in Mentoring Award from the National Mentoring Partne...
March 5, 2019
East Meadow, NY On January 30th at the Library of Congress, Fred Skolnik, a partner at Certilman Balin, received the Excellence in Mentoring Award from the National Mentoring Partnership in the category of Corporate Leadership. This recognition is given to an employee from a company listed on the National Corporate Honor Roll who both volunteers time as a youth mentor and mobilizes others to engage in the mentoring movement.
Phase 1 construction underway for C&M Forwarding project by TAYLOR
March 5, 2019
Chili, NY TAYLOR, a leading regional commercial General Contractor was awarded the contract for new construction of C&M Forwarding. TAYLOR is partnering with Rochester-based NH Architecture on the design and construction of the 316,000 s/f warehouse and office building at 3457 Union St.
New York State Association of Realtors inaugurates 2019 board February 11th
March 5, 2019
Albany, NY On Monday, February 11th, the 2019 New York State Association of Realtors (NYSAR) leadership took their oath of office. The association’s inauguration ceremony was held in conjunction with its business meetings at The Desmond Hotel and Conference Center.
$3.6 million awarded for infrastructure funding
March 5, 2019
Albany, NY According to governor Andrew Cuomo, $3.6 million in infrastructure funding has been awarded to support safety enhancements, modernization of facilities, operational improvements and local business development at four airports in the Capital Region. The funding is part of a $23.6 million investment in 31 airports statewide.
A message from the president of NYSCAR’s Upstate chapter - by Guy Blake
March 5, 2019
Mercedes Brien of Mission Commercial Realty (Rochester) is the recipient of the New York State Commercial Association of Realtors 2018 Realtor of the Year Award. The award was presented to Brien by Robert Strell, 2015 Realtor of the Year recipient, at the Board of Governors meeting. The award is given each year to recognize an outstanding active member of the New York State Commercial Association of Realtors (NYSCAR).
HUNT Real Estate names Murphy regional vice president
March 5, 2019
Rochester, NY According to HUNT Real Estate ERA, Charles Murphy as the new regional vice president.
With a background in real estate and an education in business and law, Murphy joined HUNT Real Estate in April 2016. At that time, he was hired to supervise branch office locations in Greece, Hornell and Alfred, NY.
Axiom Capital arranges permanent financing totaling $40.247 million
March 5, 2019
Axiom completed the closing of a $21.5 million permanent loan for the refinance of a 360-unit apartment complex, Shady Lane Apartments. The subject is a portion of a 444-unit apartment community located at 133 Saratoga Rd., off of Rte. 50. The subject is less than three miles from three of the Capital Region’s largest employers…
Empire Commercial Construction awarded construction contract for ALDI with APD Engineering and Archi...
March 5, 2019
Greece, NY Empire Commercial Construction, a retail-specific division of regional general contractor Taylor-The Builders, was awarded the construction contract for a local ALDI store.
Empire is teaming with APD Engineering and Architecture out of Rochester for design of the new addition, interior/exterior remodel and site improvements to the existing 17,000 s/f space located at 714 Long Pond Rd. Project completion is anticipated for April, 2019.
Exit strategies for multifamily investment property owners - by Russell Gullo
March 5, 2019
As time goes on, your equity may significantly increase with appreciation and loan amortization both working in your favor. In addition to these benefits there are also some issues. For example, you probably experienced the “three T’s of ownership” (tenants, toilets, and trash) and are at a point in your life where you are no longer interested in being an active investor…