Loan officers may be entitled to overtime pay - by Lisa Casa

An issue that has been a subject of recent litigation is whether loan officers are entitled to receive overtime pay. It is often the presumption that since loan officers are frequently paid on commissions and, if successful, are paid well in excess of six-figures

New name: Sahn Ward Braff Koblenz Coschignano

Uniondale, NY As the firm begins its 25^th anniversary year, Sahn Ward said that Elisabetta Coschignano has become a member of the firm. To recognize this milestone, and Coschignano’s accomplishments and contributions to the firm’s growth and development

Change to East Hampton’s code regarding certificates of occupancy

Riverhead, NY Changes to the Town of East Hampton’s town code regarding certificates of occupancy (CO) went into effect on January 1, 2024. The updated town code requires that an updated CO be obtained before the property is transferred to the seller

Kelly and Wade join Douglas Elliman Commercial

Smithtown, NY Thomas Kelly and Chris Wade have joined Douglas Elliman Commercial. Wade and Kelly are licensed real esate salespersons and commercial specialists. The notoriety and network Wade has amassed through his competitive and entrepreneurial careers

Hempstead IDA gives final approval to incentives for apartment projects in Woodmere and Inwood

Hempstead, NY Frederick Parola, CEO of the town of Hempstead Industrial Development Agency (IDA) said that the IDA has again taken steps to boost the supply of rental housing in the town, giving final approval to proposed projects in Woodmere and Inwood.

Samanea New York continues to expand its Restaurant Row, signs two new restaurant leases

Westbury, NY Samanea New York has signed two new restaurant tenants to join its expanding Restaurant Row located at 1500 Old Country Rd. The two tenants, which are expected to open in the first half of 2025, are Tous les Jours, an artisan bakery

Champions Martial Arts opens at Mayfair S.C.

Commack, NY Champions Martial Arts has opened a new location at Mayfair Shopping Center, according to Levin Management Corporation (LMC), exclusive leasing and managing agent for the 222,000 s/f Jericho Tpke. retail destination.

United Properties sells 12,000 s/f retail/office
for $3.85 million

Plainview, NY United Properties Corp. closed the sale of a mixed-use property for $3.85 million. 1100 Old Country Rd., a retail and office building on the corner of Old Country Rd. and Plainview Rd., was purchased by

Bayport Funding provides $3.7 million
acquisition loan

Sag Harbor, NY Bayport Funding provided a $3.7 million acquisition and construction loan for a single-family home located on Millstone Rd. This property is located in a neighborhood and will include an in-ground pool with pool-house, tennis court and fitness and entertainment

ACC Space Inc. brokers two leases
totaling 22,000 s/f

Mineola, NY ACC Space Inc. negotiated two leases totaling 22,000 s/f.  Day Elevator and Lift leased 12,000 s/f at 147 E 2^nd St. a flex-building. Chip Entwistle and Kevin Lann of ACC represented the tenant. Jason Miller represented the landlord