Long Island

IDA of the Month: Brookhaven IDA & LDC close 8 projects in 2020 with $352m invested, 3,042 jobs created/retained

Brookhaven, NY For the Brookhaven Town Industrial Development Agency (IDA) and its Local Development Corp. (LDC), 2020 remained robust, surpassing 2019’s numbers, as

Zere of Zere Real Estate Services closes three leases: 15,500 s/f total

Ronkonkoma, NY Michael Zere, senior vice president at Zere Real Estate Services closed three lease transactions totaling 15,500 s/f.

JK Equities receives approval for Roslyn mixed-use development; design by Mojo Stumer Assocs.

Roslyn, NY Locally-based JK Equities led by father-son duo Jerry and Jordan Karlik, received zoning approval from the Village of Roslyn’s Board of Trustees to construct a mixed-use building at

Question of the Month: Why do commercial real estate insurance rates continue to rise? - by Jeffrey Bernard

Over the past four years, commercial real estate insurance rates have been on an upward trajectory. Perhaps because of the pandemic and more people working from home, the

NY takes next step to transition from LIBOR to SOFR - by Keith Brown and Jerry Lagomarsine

New York recently passed into law the Senate Bill 297B/Assembly Bill 164B (the “NY LIBOR Transition Legislation”) to take the next step in transitioning away from

T. Weiss Realty seeing influx of tenants on Long Island from New York City

Melville, NY According to Long Island landlord, T. Weiss Realty Corp, it is starting to see an influx of new tenants from New York City.

Gottlieb of Schuckman Realty facilitates two leases at Sunrise Plaza totaling 3,050 s/f

Lindenhurst, NY Schuckman Realty has facilitated the leasing of the last two retail spaces available at Sunrise Plaza. 646 Wellwood Ave. was leased to Island Empanada, and

Hunt Corporate collaborates with SVN for 8,000 s/f lease to Pursuit Emergency Vehicles

Ronkonkoma, NY According to Hunt Corporate Services, Inc., Pursuit Emergency Vehicles, LLC, has leased 8,000 s/f of industrial space at 50 Roebling Ct. David Hunt, president of Hunt, exclusively represented the tenant.

Chen of FDT appointed to Asian American Bar Association of NY Real Estate Committee

Uniondale, NY According to Forchelli Deegan Terrana LLP, Asian American Bar Association of New York (AABANY) president Terrence Shen has appointed Jane Chen a

CDCLI and Conifer Realty begin demolition for new mixed-use development

Port Jefferson, NY Community Development Corp. of Long Island (CDCLI) and Conifer Realty, LLC joined the mayor of Port Jefferson Village, Margot Garant; Suffolk’s County executive, Steve Bellone; and other local