Vacant land in Nassau County and New York City falls under unique rules of taxation regarding how it is assessed and how annual tax bills are calculated. Both jurisdictions are classified as “Special Assessing Units” under Article 18 of the NYS Real Property Tax Law (RPTL).
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has approved a transaction that will allow Good Meats, LLC/Casanova Market Inc. to invest in the purchase and renovation of a 50,000 s/f existing building on 4.6 acres and an adjacent
Deer Park, NY CBRE, led by the joint efforts of the New York Metro institutional sales team led by Jeff Dunne and Eric Apfel and the CBRE senior housing team led by Aron Will, John Sweeny, Scott Bray negotiated the sale of Sutton Landing
Melville, NY The American Institute of Architects (AIA) Long Island Chapter awarded architecture and engineering design firm H2M architects + engineers with a Lifetime Achievement Award at the 60
th Annual Archi Awards ceremony
Hicksville, NY The Nassau County Industrial Development Agency (NCIDA) has approved a transaction for Premiero Cherry LLC for the construction of a multi-family housing project at 33 and 37 West Cherry Ln. The 35,365 s/f building will be on an-unused 0.4-acre parcel and will contain 20 rental units.
Woodbury, NY The CBRE team of Jeff Dunne, Steve Bardsley, and Travis Langer, in collaboration with Philip Heilpern of CBRE’s Long Island office, completed the $23.5 million sale of 1000 Woodbury Rd.
Commack, NY Clothing retailer J.Crew Factory celebrated its official grand opening at Mayfair Shopping Center. Levin Management Corp. (LMC) serves as exclusive leasing and managing agent for the 222,000 s/f Jericho Tpke. retail destination.
Bethpage, NY Bethpage Federal Credit Union, the largest credit union in the Northeast region, and the 15
th largest in the nation with over 480,000 members and $13.4 billion in total assets, is rebranding to become FourLeaf Federal Credit Union. The new name, FourLeaf, represents the credit union’s commitment
Professional landlords know that one of the best ways to reduce their marketing and leasing costs is to retain their existing tenants. In many cases, you may not be able to offer the departing tenant the space he needs. But if a renewal of his existing space is a viable alternative, you want to make sure that you have done all
Yaphank, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial development agency (IDA), said that the agency has closed on an economic incentives package for Cassone Leasing Inc., the lessor of storage and construction site trailers, which intends to construct a building to accommodate its growing business.
