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L&L, Maefield and Fortress’ TSX Broadway is fully capitalized
January 8, 2019
Manhattan, NY According to L&L Holding Company, Maefield Development and Fortress Investment Group, their 46-story, $2.5 billion Times Square tower is fully capitalized, with construction expected to start in January. UBS led a new round of equity investments totaling $780 million, bringing the total equity in TSX Broadway to more than $1 billion. UBS’s global network of investors provided a majority of this equity, with the remainder coming from existing partners and a series of additional institutional limited partners.
Asaro of Industry One Realty represents buyer in $5.15 million sale; LaRuffa of NAI LI represents se...
January 8, 2019
Hicksville, NY ACS System Association has purchased a 30,000 s/f industrial building located at 101 New South Rd. for $5.15 million. Mario Asaro of Industry One Realty Corp. represented the buyer and John LaRuffa of NAI Long Island represented the seller, The Center For Development Disabilities Inc.
Dorman of Hunt Corp. arranges $1.15 million sale of 9,500 s/f office building to Maisey Property Man...
January 8, 2019
Commack, NY According to Hunt Corporate Services, Inc., broker Andy Dorman arranged the $1.15 million sale of a 9,500 s/f suburban office building located at 350 Veterans Hwy. to Maisey Property Management, an entity controlled by Sean Fredrickson, founder, and CEO of Universal Plumbing in Bay Shore. Dorman was the sole broker for this transaction.
Tsiolis of Diversified Realty LI arranges $4.6 million Westbury sale; Also negotiates three leases t...
January 8, 2019
Westbury, NY Tommy Tsiolis, principal of Diversified Realty LI, Inc., has brokered a $4.6 million sale and three leases totaling 26,200 s/f. In the first deal, Tsiolis sold 51 Frost St.,Westbury for $4.6 million. The subject is a 21,000 s/f industrial property. The seller was Spiegel Assoc. and the buyer was 51 Frost St Assoc. Tsiolis worked with Spiegel’s in-house agent, Paul Giossi.
Pugatch Realty Corp. merges with Berkshire Hathaway Homeservices Laffey International Realty
January 8, 2019
Woodmere, NY Pugatch Realty Corp. has merged with Berkshire Hathaway Homeservices Laffey International Realty. Barry and Susan Pugatch of Pugatch Realty Corp. have joined the Laffey International executive team including Emmett Laffey, Gregory Berkowitz and John Schoonmaker as managing partners. They bring with them 30 seasoned agents and a loyal following of clients. “This is great news for home buyers and sellers in The Five Towns,” Barry Pugatch said.
Schultz of EW Howell honored with Build Simply President’s Award
January 8, 2019
Plainview, NY Christine Schultz, EW Howell’s project assistant, was awarded this quarter’s Build Simply President’s Award. Schultz constantly represents the company in the best light. While working on multiple projects as a project assistant, she always goes above and beyond to help out whenever she can, truly defining the “Build Simply” values.
BLG hires Segall as marketing and operations director and Baldassano as an associate attorney
January 8, 2019
Melville, NY Bullard Law Group (BLG) has welcomed Jeanine Segall as the firm’s marketing and operations director and Matthew Baldassano as an associate attorney. Prior to BLG, Segall was the COO of Perception Media Group, an integrated marketing company that offered cross-media marketing. She is a veteran of both the legal and marketing profession. As marketing and operations director, she will be serving as the brand visionary and assuming the responsibility of their growth strategy.
Oglesby appointed new deputy director at the Nassau County IDA
January 8, 2019
Mineola, NY According to Nassau County executive Laura Curran, the Nassau County Industrial Development Agency (IDA) has appointed Danielle Oglesby as the agency’s deputy executive director. Oglesby, of Glen Head, has been chief operating officer at the LIU Global Institute at LIU Post in Brookville, which brings world and national leaders to the campus.
Trotta joins the Brookhaven IDA board of directors
January 8, 2019
Farmingville, NY According to Frederick Braun III, chairman of the Brookhaven Industrial Development Agency (IDA), Frank Trotta, a publisher, entrepreneur and lifelong resident of Bellport has been appointed to the IDA’s board of directors. Trotta is the owner of two publications, 50 Plus LifeStyles and Fire News. He also is a principal in a family-owned local real estate management company and is vice chairman of Suffolk Federal Credit Union.
Kamen named a partner at Janover LLC
January 8, 2019
Garden City, NY Janover LLC has promoted Mindy Kamen, CPA, to partner, effective January 1st. Kamen joined Janover right out of college and has risen through the ranks, from staff accountant to principal, to now being the youngest partner at the firm. This promotion has been earned through her work, commitment to excellence, performance, and an understanding that client relations are deep and beyond calculation.
Certilman Balin Adler & Hyman promotes Gauweiler and Stieglitz
January 8, 2019
East Meadow, NY Two of Certilman Balin Adler & Hyman, LLP’s attorneys, Heather Gauweiler and Michelle Stieglitz, have been elevated to partners at the firm. Gauweiler, a partner in the banking/commercial lending group, was previously an associate. Her practice concentrates on the representation of institutional and private lenders in all aspects of complex commercial real estate transactions and asset-based lending.
Suffolk IDA approves deal for Boss Facility
January 8, 2019
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist Boss Facility Services, Inc. in purchasing and renovating a 31,000 s/f building at 60 Adams Ave. Assistance from the IDA will leverage a $5 million investment, retain 59 existing jobs and create six new ones for Suffolk County residents.
Pop-up store: How it affects brands, retailers and landlords - by Ron Koenigsberg
January 8, 2019
In cities across America, where we are seeing more and more vacant storefronts, brands are reconsidering what the purpose of a physical store should be. These vacancies should be looked at as an opportunity for new brands as pop-up stores have the ability to offer temporary experiential retail space. The hope is that pop-up rejuvenates a “stale” retail market.
Deegan of Forchelli Deegan Terrana named chair of the Long Island Association’s young professional...
January 8, 2019
Uniondale, NY Forchelli Deegan Terrana partner Daniel Deegan has been appointed by the Long Island Association (LIA) as the chair of the young professionals committee. The young professionals committee is comprised of a group of employees ages 22-35 who are designated by members of the LIA board of directors. The LIA is thus helping train the next generation of business leaders and integrating their input in confronting the challenges facing young people on Long Island while giving them an opportunity to learn, network and collaborate with each other.
CIBS Long Island elects new executive board – term begins January 1st; Leviton of JLL to serve as...
January 8, 2019
Syosset, NY According to the Commercial Industrial Brokers Society of Long Island (CIBS), a new executive board has been elected. Serving two-year terms beginning January 1st, they are the following:
• President: David Leviton. He is a managing director in the Melville office of JLL and previously was VP of CIBS. He has 30 years of experience in office leasing and sales and has been involved in 600 transactions, representing both landlords and tenants.
Commercial Classroom: The impact of Sears’ bankruptcy - by Edward Smith
January 8, 2019
Sears is closing 140 stores before the end of 2018. They may also have to liquidate all of their roughly 700 existing stores if it can’t pull together enough financing to stay alive. Simon Property Group, the largest mall owner in North America (175 malls and outlet centers), Washington Property Group (owner of 106 malls), Kimco Realty (owner of 510 shopping centers) and other major mall owners all agree the demise of Sears is an opportunity.
The future is green: P.W. Grosser prepares for 2019 with new mgmt., new space, new brand
January 8, 2019
Bohemia, NY With 2019 shaping up to be an unprecedented year for environmental projects on Long Island, environmental engineering firm P.W. Grosser Consulting is gearing up with new management, an expansion, and a major rebrand. 2018 has been a whirlwind year for the environmental engineering firm. After carrying out a strategic management transition that gave the firm’s more than 70 employees an ownership interest in the company and restructured its upper management, PWGC doubled the size of its Bohemia headquarters.
Canstruction Long Island holds 12th Annual Design/Build competition; Best Design: Combined Resources...
January 8, 2019
Jericho, NY Canstruction Long Island held its 12th Annual Design/Build competition where 10 teams comprised of professionals from the architecture, engineering and construction industry, as well as local students, competed to make sculptures out of canned food to help feed the region’s hungry. The buildout took place on Wednesday, October 24, and the awards reception was held on Thursday, October 25.
Company of the Month: Briscoe Protective Systems: A full-service engineered system security and fire...
January 9, 2019
Centereach, NY “Hitting the ground running and not looking back” is both symbolic and literal for Alexander Schuil and his staff. This CEO, as well as four other members of his organization (Briscoe Protective Systems), recently ran the NYC Marathon, with the entire team crossing the finish line with personal best times. They participated in the marathon to raise money for “NYRR Team For Kids.” Setting goals, having vision, and moving forward are Schuil’s formula for success.