Bay Shore, NY Robert Raffa from Island Associates leased up a roughly 1,000 s/f unit located in a 10,800 s/f industrial building at 333 North Spur Dr. to XTech Systems. XTech Systems designs and installs FDNY Auxiliary Radio Communication Systems (ARCS). These systems as of 2014 are a required system
East Setauket, NY NAI Long Island managing principal Lee Rosner, CCIM, SIOR negotiated the first sale in 54 years of the 41,720 s/f West Shopping Center located at 198-250 Rte. 25A, on behalf of the seller, Dinoffer & Tobias LLC. NAI Long Island served as property manager and leasing agent
Your subleasing is probably difficult because of the short term left on your lease. A lease is a depreciating commodity, with its value falling sharply in the final years. Few companies want to incur the expense of moving, phone installation, computer systems, printing and the like, when these costs can only be
Hauppauge, NY The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to support Leviton Manufacturing Co., Inc. in retaining and improving their existing global headquarters at 210 N. Service Rd. With the SCIDA’s support, Leviton will commit to a lease extension
Riverhead, NY Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP has elevated Martha Reichert to the role of partner. She joined the firm in 2020 as an associate. In addition to being partner, Reichert is co-chair of the firm’s land use and zoning group. She
Uniondale, NY Caroline Frisoni was admitted to the New York State Bar on May 15, 2024 thereby beginning her position as an associate in Forchelli Deegan Terrana LLP’s corporate and mergers & acquisitions practice group. Frisoni has been a law clerk at the firm since the fall
Repurposing commercial real estate is becoming an increasingly popular trend on Long Island, driven by shifts in market demands, economic pressures, and development strategies. As these properties are transformed from their original commercial uses into residential, mixed-use, or other forms
After thirty years of environmental consulting, I will be the first to admit this statement is a bit overkill. In addition, we have performed thousands of inspections which rendered a “clean” phase one Environmental Site Assessment (ESA). However, the term “clean” is subjective and can mean different things to different
Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS) announce the election of two new members and the re-election of two members to the governing board as the organization looks ahead to another year of growth, advocacy, and regional impact
“Marker Reports” has reported the U.S. market closed 2023 with office sales being 60% less than 2022. In a CNBC interview with Dan Peebles, CEO of Peebles Corporation, he cited that, “Washington, DC real estate values are down 60 to 70% in commercial office
