JLL secures $140m refinancing for TRITEC’s
418-unit Shoregate apartment development

Bay Shore, NY JLL Capital Markets arranged $140 million to refinance the Shoregate, a newly-built, 418-unit multi-housing development located at 143 4^th Ave.

CIBS-LI presents Shwom of Schacker Real Estate with “Most Ingenious Deal of the Year” award

Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS-LI) presented the 2024 “Most Ingenious Deal of the Year” award to Philip Shwom, SIOR, CCIM, president of Schacker Real Estate Corp., for his leadership in securing Antech Diagnostics’ lease of 87,864 s/f at 195 N. Broadway in Hicksville.

Successfully challenged your taxes? Don’t forget about the exceptions - by Robert Renda and Lauren Smith

It is no secret that New York State, and Long Island in particular, has some of the highest property taxes in the country. As a result, the majority of property owners on Long Island challenge their real estate tax assessments annually. In most taxing jurisdictions on Long Island, the real estate tax assessment

HIA-LI and Long Island Economic Development Task Force spotlight South Bay Village project

Hauppauge, NY HIA-LI’s Economic Development Task Force held an exclusive “The Process and The Project” presentation highlighting the proposed South Bay Village project from Rechler Equity Partners. The event brought together regional business leaders, elected officials, and community stakeholders to discuss the vision for the shuttered Island Hills Golf Course in Sayville.

Sterling Equities completes construction
of 1,000 unit CubeSmart Self-Storage

Farmingdale, NY Sterling Equities, (Sterling), a fully-integrated investment firm with holdings in real estate, media and sports, announced the completion and grand opening of a newly built three-story self-storage facility located at 505 Bi-County Blvd.  The new

Barbuto of Stellar Rose
Group sells 1,850 s/f

Melville, NY Stellar Rose Group Inc. negotiated the sale of a 1,850 s/f building at 89 Ruland Rd. The sales price was $830,000. Joseph Barbuto, MBA, of Stellar Rose Group, represented both the seller and buyer as the real estate broker.

BRP Companies celebrates completion of
The Arboretum at Farmingville

Farmingville, NY BRP Companies celebrated the grand opening of the remaining units of the Arboretum at Farmingville, a 491,000 s/f, 292-unit, garden-style, residential community located at 20 Maple Ln. within the town of Brookhaven.

Marcus & Millichap closes nine-property mixed-use portfolio sale for $34.35 million

Montauk, NY Marcus & Millichap brokered the $34.35 million sale of Gosman’s Dock, a 48,145 s/f, nine-property mixed-use commercial real estate portfolio on 11.6 acres.

Southern Land Co. reaches major leasing milestone at Florent

Garden City, NY According to Southern Land Company (SLC), a national real estate developer and community management company, Florent, its new luxury rental community, is 55% leased, less than five months after opening its doors – despite launching in the

Hunt Corp. Commercial Real Estate Q&A: Seven steps for maximizing economic benefits - by David Hunt

A: From your brief description of your company, you sound like an excellent candidate for many economic development programs, from low-cost financing to tax abatement and energy savings. Why are towns, counties and states willing to provide these incentives? Businesses