Long Island

Densen and Mayor of Island Associates facilitate $1.435 million sale

Smithtown, NY Island Associates Real Estate, Smithtown-based commercial real estate brokers and developers, handled the sale of the Castro Medical Building located at 1056 West Jericho Tpke. and the adjoining lot. The sale price was $1.435 million.

Antario of Suffolk Realty Group and Curtis of One Realty Services partner on two deals; Curtis also handles restaurant sale

Brightwaters, NY Suffolk Realty Group, Inc. and One Realty Services, Inc. have handled the following transactions: Harry Antario, licensed associate real estate broker of Suffolk Realty Group, Inc. and Patrick Curtis, the corporate broker for locally-based One Realty Services, Inc., have brokered

Murphy of Douglas Elliman leads 6 sale closings totaling $10.039 million

Bohemia, NY The Commercial Division of Douglas Elliman completed the following transactions: 4875 Sunrise Hwy.: A 26,000 s/f office building sold for $4.15 million. Michael Murphy of DE Commercial represented the seller, Romaz Properties and Greg Mogil of Mogil Realty represented

Hunt Corp. Commercial Real Estate Q&A: Tenant expansion options

Q: What is the best way to allow space expansion capability in our lease negotiations? A: Probably the most common lament that I hear one year after a tenant has occupied new space is

Marcus & Millichap completes sale/financing of 60,896 s/f ShopRite

Uniondale, NY Marcus & Millichap completed the sale and financing of a 60,896 s/f ShopRite grocery store. The property sold for $19.5 million. Wolfe and Glen Kunofsky in the firm’s Manhattan office represented the seller. Brad Nathanson of Marcus & Millichap’s Institutional Property Advisors (IPA) division in

Forchelli of FDT appointed trustee of Wagner College

Uniondale, NY Forchelli Deegan Terrana LLP’s (FDT) managing partner, Jeffrey Forchelli, was appointed a trustee of Wagner College, a private liberal arts college on Staten Island

Metro Realty Services handles $1.45m sale; leases 6,000 s/f total

West Babylon, NY Metro Realty Services, LLC completed the following transactions: Jeremy Hackett and Andrew Blumenthal of Metro Realty Services, LLC sold 11,312 s/f at 260 Montauk Hwy. in Bay Shore. Hackett and Blumenthal represented both

Commercial Classroom: The changing office environment - by Edward Smith

In the “old” day’s office space was figured at 250 s/f per employee, with each employee having their own desk and a significant number of private offices. In the 1980s, the firm Ernst and Young realized that most of their workforce spent most of

Nassau County IDA to support 101 Channel LLC proj.

Port Washington, NY The Nassau County Industrial Development Agency (NCIDA) has approved support for a $15 million investment by 101 Channel LLC, an affiliate of Lunar Module Park, LLC, to renovate a 100,000 s/f facility into a film studio. The former Publishers Clearing House building, located at 101 Channel Dr

Take measures to prevent cyber breaches - by Joseph Saracino

October is cyber security month and an excellent time for members of the real estate industry to review their current cyber security plan and take important steps to protect against cyber breaches. According to a KPMG report, over 50% of real estate businesses are not prepared for preventing a