Long Island
Commercial Industrial Brokers Society of Long Island presents 2022 Most Ingenious Deal of the Year award
Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS) presented the 2022 Most Ingenious Deal of the Year (MIDY) award at an event co-sponsored by the Association for a Better Long Island (ABLI). The prestigious award was given to the CBRE team of senior vice president PaulFirst Citizens Bank provides $19.5 million loan for
development of Holbrook Logistics Center
Islip, NY First Citizens Bank’s Real Estate Finance business provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island. The borrower, an affiliate of Eagle Cliff Real Estate Partners, is building a newOneKey hosts Info Track program at annual Long Island Board of Realtors Education Conference and Trade Show
Woodbury, NY As part of the 35th annual Long Island Board of Realtors Education Conference and Trade Show, OneKey MLS – the largest multiple listing service in New York – hosted its first-ever Info Track program, a hub of innovative training sessions and expert insightsHunt Corp. Commercial Real Estate Q&A: Maintaining your property like a professional - by David Hunt
Q: Our firm is not large enough to employ a full-time property manager for the building we own. Do you have guideline or checklists that one of our senior managers could use to make sure everything is completed in a timely manner? A: You do not have to have a full-time property manager to maintain your property, but you, or whoever will be responsible for day-to-day maintenance, should think like one.
Colliers and TRITEC lease 195,000 s/f of retail space at Station Yards
Ronkonkoma, NY Colliers partnered with TRITEC Real Estate Company to lease 195,000 s/f of retail space at Station Yards. The firm has arranged the first lease at the mixed-use project on Long Island for Great South Bay Brewery. A Colliers team led by vice presidents Maria ValanzanoJLL Capital Markets closes sale of 395,000 s/f Riverhead Centre
Riverhead, NY JLL Capital Markets closed the sale of the nine-building, 395,000 s/f, grocery-anchored Riverhead Centre. JLL represented the seller, AFL-CIO Building Investment Trust advised by PNC Realty Investors, and procured the buyer, Prestige Properties & DevelopmentExpediting the process - artificial intelligence’s future impact on Long Island commercial real estate - by Erik Snipas
Artificial Intelligence (“AI”) is poised to revolutionize the commercial real estate market. As AI becomes more advanced, the commercial real estate market on Long Island will see dramatic changes in the way real estate investors purchase, sell, evaluate, and develop properties. From enhancingCommercial classroom: Back to basics - negotiating personal guarantees - by Edward Smith
Periodically, like after the recession of 2008 when property values crashed, it becomes common for landlords to require personal guarantees from their tenants. As the economy recovered toward the end of that decade values had been increasing again and landlords stopped requiring personal guarantees.
