Long Island

Hackett and Timpone of Metro Realty Services sell three properties and land for $7.35m

Medford, NY Jeremy Hackett and Mark Timpone of Metro Realty Services, LLC negotiated four sales transactions totaling 16,000 s/f and .68 acres for a total of $7.3538 million. Hackett and Timpone sold 6,000 s/f at 79 Cedarhurst Ave. to One Stop Metro

Damianos Realty Group acquires
50 Charles Lindbergh Blvd. office

Uniondale, NY Damianos Realty Group LLC has acquired 50 Charles Lindbergh Blvd., a multi-tenanted office building located in Nassau County’s business corridor. This purchase marks a milestone in Damianos Realty Group’s expansion throughout the Long Island

Hempstead IDA gives preliminary
OK to 36-unit apartment project

Hempstead, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency, said that the IDA has given preliminary approval to economic development incentives to a developer planning to build apartments on a parking lot in downtown.

Suffolk IDA approves incentives for Source One Packaging

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has given preliminary approval for a transaction allowing Source One Packaging, a locally-owned distributor and converter of shrink film packaging, to expand its business by adding 16,386 s/f of operations

JLL arranges $47.8m construction loan for The Renatus Group and Declaration Partners 218,000 s/f project at Quogue Business Park

Quogue, NY JLL capital markets has arranged a $47.8 million construction loan for Quogue Business Park, located at 8 Midhampton Ave. Quogue Business Park is a mixed-use project comprised of two shallow bay industrial buildings and a self-storage facility

Zankel of Core Title Services earns ALTA’s NTP designation

Jericho, NY Andrew Zankel, president and managing partner of Core Title Services LLC, has earned the National Title Professional (NTP) designation from the American Land Title Association (ALTA), the national trade association of the land title insurance industry. Formally

Hunt Corp. Commercial Real Estate Q&A: What are the advantages of a sale-leaseback? - by David Hunt

There are several advantages to selling your property to a third party and simultaneously executing a long-term net lease to occupy the building. As you are probably aware, a sale-leaseback is a mechanism that allows you to access the equity that has been locked into your bricks and

Hempstead IDA authorizes benefits for B2K purchase, renovation of The Bristal Assisted Living at Lynbrook

Lynbrook, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency has granted a package of economic development incentives that will aid a developer’s purchase and renovation of an assisted living facility that will

Samanea New York adds Gatsby’s Board Game Café and I.FLY Trapeze

Westbury, NY Lesso Mall Development, dba Samanea New York, the new retail, entertainment and dining destination located at 1500 Old Country Rd. added two new tenants set to open soon: Gatsby’s Board Game Café and I.FLY Trapeze. These concepts

BEB Capital exceeds $300m loan origination volume

Port Washington, NY BEB Credit, the lending affiliate of BEB Capital, has reached and exceeded a milestone of $300 million in loan origination volume. This follows a period of rapid growth for the firm, which has this year welcomed key advisors among its leadership team