Long Island

Suffolk IDA preliminarily approves investment and job retention commitment for Leviton Mfg.

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

Twomey Latham elevates Reichert to partner

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

Frisoni of Forchelli Deegan Terrana admitted to New York State Bar

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

The tax implications of repurposing commercial properties - by Brad and Sean Cronin

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

More contaminated commercial real estate being discovered every day - by Chuck Merritt

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

CIBS announces Board appointments for 2025

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

Commercial Classroom: Office Market - by Edward Smith Jr.

“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

Island Assocs. brokers two leases at 181 Freeman Ave. - 15,920 s/f

Islip, NY Island Associates (IA)negotiated two lease agreements at 181 Freeman Ave. Island Assocs. was able to negotiate a long-term lease with Pickleball Xpress. The new tenant invested resources into converting 9,920 s/f of the building

Breslin Realty introduces two new transit-oriented developments - The Langdon and The Grand at Baldwin

Lynbrook, NY Breslin Realty Development Corp. is constructing two multi-family mixed-use projects in Nassau County. These two transit-oriented developments (T.O.D.) entering the Long Island market have been positioned and designed to reinvigorate the

Commercial Classroom: Green update - by Edward Smith Jr.

The sun produces radiation, if we get too much sun we get sunburned. Our planet is surrounded by atmosphere, part of which is known as the ozone layer. This ozone layer blocks 90+% of the sun’s radiation from reaching earth.