Long Island

PSEG Long Island wins 2019 Energy Star Partner of the Year; Award presented in Washington, D.C. on April 11th

Uniondale, NY PSEG Long Island has won the 2019 Energy Star Partner of the Year award for its efforts to help lower customers’ energy usage and reduce their carbon footprint.

Behar appointed a partner at Certilman Balin

Hauppauge, NY Jarrett Behar has joined the litigation practice group of Certilman Balin as a partner. He has litigation experience in the areas of real estate, commercial lending, construction, general contractual disputes, land use, bankruptcy, intellectual property, professional liability defense matters and appellate practice in both federal and state courts.

Cruz, O’Hearn, Appel, Oliver, Simonelli and Scandalios of HFF arrange $11.468M sale of 16,920 s/f facility

Garden City, NY Holliday Fenoglio Fowler, L.P. (HFF) has closed the $11.468 million sale of a 16,920 s/f outpatient imaging facility that is triple net master leased to the New York University School of Medicine in the Long Island community.

Rechler Equity Partners hosts annual awards ceremony; Cohen of Ashlind Properties wins two awards

Plainview, NY Rechler Equity Partners hosted its annual award ceremony to honor the real estate brokers who contributed to the company’s continued growth throughout 2018. The event— held at Rechler Equity’s headquarters — brought together individuals...

Dunne, Pride, Apfel and Virtue of CBRE complete $472.5 million Long Island apartment multifamily portfolio sale

Long Island, NY CBRE has completed the $472.5 million sale of a seven-property portfolio in Nassau and Suffolk Counties. The CBRE team of Jeffrey Dunne, Gene Pride and Eric Apfel, along with Alexander Virtue of CBRE Capital Advisors

Fiore joins Forchelli Deegan Terrana as partner

Uniondale, NY Louis Fiore has joined the law firm of Forchelli Deegan Terrana as a partner in the real estate and industrial development agency (IDA) practice groups, according to Jeffrey Forchelli, managing partner of the firm.

Triangle Equities launches sales at Kensington Estates: A 55 and over townhome community; Project team: Nelson & Pope, GRCH Architecture, Kate Singer homes and Emtec

Woodbury, NY New York-based Triangle Equities has launched sales at Kensington Estates, a 55-and-over exclusive community. The sales office is located on the corner of Jericho Tpke. and Plainview Rd., and its opening comes on the heels of construction beginning in mid-December.

IDA of the Month: Brookhaven IDA closes 2018 with
strong investment and job numbers; Committing $344 million

Farmingdale, NY The town of Brookhaven Industrial Development Agency (IDA) had another strong year in 2018 with businesses committing to invest $344 million in projects

Hunt of Hunt Corp. reps Chembio in 70,000 s/f lease; O’Connor and Gazzola of NKF rep landlord

Hauppauge, NY According to Hunt Corporate Services, Inc., Chembio Diagnostic Systems has leased a 70,000 s/f building at 555 Wireless Blvd. David Hunt of Hunt Corp. represented Chembio.

Commercial Classroom: Assumption agreements - by Edward Smith

Often a lease will have an option for renewal by the tenant. If the option is exercised the broker is usually entitled to an additional commission. But what happens if the building is sold before the option becomes due?