Bohler completes $9.2M, 30,000 s/f Jorge Family Healthy Living Center; Designed by Hoffman Grayson Architect

Huntington, NY Several years ago, the YMCA was running out of space. After five decades of serving the community and growing to thousands of members, the organization sought to expand in order to continue delivering key services. Now, the grand opening of their new $9.2 million, 30,000 s/f...

Property of the Month: Crest Group breaks ground on Setauket Meadows in the Woods; Team includes: McDonough & Conroy, D&B and Luigi Pascarella

East Setauket, NY Founded in 2005, The Crest Group LLC is a vertically integrated real estate management firm. Their capabilities range from ground-up construction of entire communities, office complexes and retail plazas to owning and managing commercial buildings (office and retail), residential communities, and hotels....

Rechler leases 2,000 s/f micro unit to Technical Glazing Solutions; Khetaguri of Alliance Real Estate Corp. reps tenant

Westhampton, NY Rechler Equity Partners has completed a long-term lease at the first of 13 micro-units at 215 Roger’s Way in the Hampton Business District. Technical Glazing Solutions (TGS), a designer and installer of custom-made windows, will be moving into 2,000 s/f of the business park’s third completed building.

Freedberg of Suffolk Industrial Properties closes three sales totaling $5.36 million

West Babylon, NY Michael Freedberg, president of Suffolk Industrial Properties, has arrange three sales totaling $5.36 million. The deals include the following:
• 55 Kean St., West Babylon: Previously owned and occupied by Garal Industries,

Hunt Corp. Question & Answer: Presentation makes the difference

Q: We will be placing our industrial building on the market shortly.  What should be done to prepare the building for showing to prospective buyers?

Carello of KW Commercial brokers $754,600 sale

Valley Stream, NY Rick Carello of KW Commercial completed the $754,600 sale of 28 Brooklyn Ave. The five-unit multifamily dwelling is currently fully occupied and generates a 6.6% cap rate. The seller was Argent LLC and the buyer was K & S Capital Realty, an investment group from Queens.

NAI Long Island arranges three leases totaling 13,623 s/f

Kew Gardens, NY NAI LI has brokered three leases totaling 13,623 s/f. In the first lease, Carmine Inserra, principal, and Paul Schneider, senior director of NAI LI, represented the sub-tenant in the lease of 2,000 s/f of office space located at 120-34 Queens Blvd. The sub-tenant, EAC, Inc., leased the space from sub-landlord...

Perna of Newmark Knight Frank arranges four leases - 171,500 s/f

Plainview, NY Ralph Perna, executive managing director of Newmark Knight Frank, has arranged four leases totaling 171,500 s/f. The deals include the following: A 25,000 s/f lease at 150 Express St., Plainview to ITM Tool Dist. The lease has an option to purchase. Perna represented the landlord and tenant.

Santaniello and Florio of Stongate handle $400,000 sale of 819 s/f retail property

Island Park, NY Stonegate Real Estate has arranged the $400,000 sale of 4451 Austin Blvd. Lauren Santaniello and Dominque Florio of Stonegate represented the buyer and seller of the 819 s/f retail property. Stonegate exclusively represents the buyer (a farm store retail chain out of Florida) in Southern Nassau and Suffolk Counties.

Contract and bid rescission: Be careful when submitting bids and exercise due diligence - by Andrew Richards

Contractors are continually requested by owners to submit non-revocable bids or proposals for construction work whereby the bid or proposal is binding on the contractor for a certain period of time so that the owner can determine which contractor it wants to hire. During this process there are times when a contractor figures out that it underbid...