Long Island

Forchelli Deegan Terrana grows with addition of Cronin, Harris & Associates

Uniondale, NY Jeffrey Forchelli and John Terrana, co-managing partners of Forchelli Deegan Terrana LLP (FDT), said that the attorneys and staff of Cronin, Harris & Associates, P.L.L.C. (CHA), have joined the firm. The addition of CHA to FDT’s existing Tax Certiorari practice group further

McGuire and Crawford of NAI Long Island
negotiate three sales totaling $6.695 million

Islandia, NY NAI Long Island negotiated three sale transactions totaling $6.695 million. Senior director Brian McGuire facilitated the sale of a 30,000 s/f industrial building located at 15 Middle Ave., Holtsville. McGuire

Fetscher of Great American Brokerage sells former The Salt Grill to Alam

Glen Cove, NY Paul Fetscher, CCIM, CRX, CLS, president of Great American Brokerage Inc. brokered the sale of the former 160-seat The Salt Grill at 75 Cedar Swamp Rd. Rehan Alam heads the purchasing restaurant

Hunt Corp. Commercial Real Estate Q&A: Caring for a vacant building - by David Hunt

Q: We are moving to a new location, and are vacating an industrial building that is currently on the market for sale. It is not practical for us to have an employee stay on site, or regularly travel to the building. Do you have

Federal Realty signs five tenants at Huntington Shopping Center as redevelopment nears completion

Huntington, NY According to Federal Realty Investment Trust, Clothes Horse, European Wax, Pacfe Nails, Häagen-Dazs and Street to Table have all signed leases to join Huntington Shopping Center as part of a $75 million redevelopment program. Also opening

JLL sells Baylis 495 Business Park

Melville, NY JLL Capital Markets arranged the sale of Baylis 495 Business Park totaling 103,500 s/f. JLL represented the seller, Creation Equity.

Brownfield Cleanup Program: An underutilized tool on Long Island - by Jesse Hiney and Derek Ersbak

Long Island is home to about 15% of New York state’s overall population, but only accounts for about two percent of the state’s overall area. With the small footprint, land is a precious commodity. While development can be seen across the island, there are many properties lying vacant,

Raffa of Island Associates leases
1,000 s/f to XTech

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

Rosner of NAI Long Island negotiates $17.25
million sale of West Shopping Center

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

Hunt Corp. Commercial Real Estate Q&A: Subleasing blues - by David Hunt

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