Long Island

Law of TRITEC R.E. honored with Suffolk County Public Service Award

Hauppauge, NY TRITEC Real Estate Company partner and executive vice president, Kevin Law, has been awarded the H. Lee Dennison Public Service Award. The award, presented by former Suffolk County executive Steve Bellone

Wells Fargo celebrates ribbon cutting
for new Woodbury branch

Woodbury, NY On January 17, Wells Fargo employees were joined by Oyster Bay supervisor Joseph Saladino and local leaders from the Syosset Woodbury Chamber of Commerce to celebrate the grand opening of its new bank branch at 7977 Jericho Tpke.

Lucharitos to open 1,500 s/f at
TRITEC’s Station Yards project

Ronkonkoma, NY Lucharitos, theTex-Mex chain, is set to open a new location. The restaurant, situated within TRITEC Real Estate Company’s Station Yards project, will lease 1,500 s/f. TRITEC was represented in the transaction

REI at SBU College of Business joint panel - spring luncheon - “Challenges in a Changing Construction Environment” to be held on March 8th

Farmingdale, NY The Real Estate Institute (REI) at Stony Brook University (SBU) College of Business will hold a joint panel event on March 8th at Heritage Club at Bethpage. The spring luncheon, titled “Challenges in a Changing Construction Environment

P.W. Grosser Consulting promotes 10

Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) has promoted 10 employees. • Andres Ballares: Project hydrogeologist from field hydrogeologist • Tim D’Agostino, PE: Project manager from senior engineer

Commercial Classroom: Lease protections for landlords, tenants, and broker - by Edward Smith, Jr.

Many retailers consider the calendar year as if they bought all of their inventory at the beginning of the year but do not realize their profit until the end of the year. In this case they pay

Metropolitan Realty secures 33,000 s/f
long-term lease with Lumber Plus

Ronkonkoma, NY Joe Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), executed a 10-year lease for the entire 33,000 s/f building located at 2175 5th Ave. The lease agreement was inked with Unitta Exotique Woods Corp., dba Lumber Plus

Kennedy Funding closes $5 million
loan on Old Westbury estate

Old Westbury, NY Kennedy Funding has closed a $5 million loan on a residential estate. The loan proceeds will be used for working capital. There is no debt on the property. Despite setbacks and challenges, Kennedy was able to fill the funding void, providing the necessary capital.

NAI Long Island represents Oakwood Family Partners in sale of 15,000 s/f

Mt. Sinai, NY Directors Marian Campi-Conde and Michael Corsello of NAI Long Island represented Oakwood Family Partners, LLC in the sale of the Portview Building, at 28 N. Country Rd. 28 N. Country Road is a 15,000 s/f, multi-tenant office building, situated on a corner acre.

Loan officers may be entitled to overtime pay - by Lisa Casa

An issue that has been a subject of recent litigation is whether loan officers are entitled to receive overtime pay. It is often the presumption that since loan officers are frequently paid on commissions and, if successful, are paid well in excess of six-figures