Commercial classroom: Office market update - Caution is the word of the day - by Edward Smith Jr.

The COVID-19 pandemic forced many office building owners to install expensive new air filtration systems, able to screen out airborne particles from their buildings. Those that did so now see more demand for space in their buildings.

Suffolk County IDA approves support for $22.5 million Cornerstone Kings Park development

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has approved a financial assistance package for Cornerstone Kings Park, a $22.5 million 46-unit multifamily residential development planned for Kings Park. The project will replace a long-shuttered restaurant

Cushman & Wakefield and Paramount Properties arrange $13.455m sale of warehouse

Edgewood, NY Cushman & Wakefield and Paramount Properties Group arranged the sale of a 53,600 s/f industrial warehouse facility located at 77 Rodeo Dr. The property was acquired for $13.455 milliion by Uncle Giuseppe’s Marketplace, a specialty grocer with 11 locations in New York

NAI Long Island represents My Big Fat Cookie in 3,300 s/f retail lease at 620 Waverly Ave.

Patchogue, NY John Pacifico of NAI Long Island completed a long-term lease for 3,300 s/f of retail space at 620 Waverly Ave. between the tenant, My Big Fat Cookie and the landlord, 620 Waverly Place, LLC.  This deal marks a major milestone for the brand — this location

Designing for the return: How interior design can inspire a thriving office comeback - by Megan Ballato and Christiana Suppa

As the workplace continues to evolve post-pandemic, the conversation has shifted from whether employees should return to the office to how we can make that return meaningful. While hybrid and remote work remain popular

The Feil Organization secures lease with Nationwide Mortgage Bankers, Inc. at 1305 Walt Whitman Rd.

Melville, NY The Feil Organization negotiated a new lease agreement with Nationwide Mortgage Bankers, Inc. (NMB). NMB will occupy 28,552 s/f office at 1305 Walt Whitman Rd., a class A office property in the town’s business district on Long Island.

Hunt Corp. Commercial Real Estate Q&A: Lease options - by David Hunt

Q: Our company is negotiating a long-term lease for a new manufacturing facility. How important is an option to renew or purchase? A: The definition of an option is a provision in an agreement that gives one party the right, but not the obligation, to exercise a right of some kind. This is important to keep in mind when negotiating tenant options in a lease.

Aziz launches Ash Property Advisors

Great Neck, NY After a decade leading acquisitions at Klosed Properties, Shawn Aziz has launched Ash Property Advisors, a boutique commercial real estate brokerage focused on trust, transparency, and long-term relationships.

Residential agents thinking about doing commercial transactions...You don't know what you don't know! - by Edward Smith Jr.

You can’t just dabble in commercial and investment properties; you need to know what you are doing. Unfortunately, we see some residential agents trying to service a commercial real estate opportunity without being properly trained.

Suffolk IDA approves Project Patriot: Orbic Electronics to launch advanced electronics manufacturing hub

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has approved a major investment to support Orbic Electronics Manufacturing LLC in launching “Project Patriot,” a bold initiative to return high-tech electronics manufacturing to Suffolk County.