Island Associates R.E. brokers three
leases totaling 14,400 s/f

Hauppauge NY Island Associates Real Estate Inc. brokered three leases totaling 14,400 s/f. Island Associates negotiated two new lease agreements for office spaces at 490 Wheeler Rd. CrowdVest Funding signed a long-term lease for 4,100 s/f of office space.

Nassau IDA approves transaction
for 60-unit apartment building

Great Neck, NY The Nassau County Industrial Development Agency (IDA) has approved a transaction for Gesher Center LLC to construct and equip a new four-story, 88,000 s/f apartment building at 733-741 Middle Neck Rd. and 6-8 North Rd.

Federal Realty Investment Trust adds four new tenants at Huntington Shopping Center

Huntington, NY According to Federal Realty Investment Trust, Willliams Sonoma, J.Crew, Paris Baguette and BFT Fitness have all signed leases to join The Container Store and Whole Foods Market at Huntington Shopping Center as part of its $75 million redevelopment. Following the project’s inception in early 2022

Hackett of Metro Realty Services brokers
four sales - $6.385 million

Wyandanch, NY Jeremy Hackett of Metro Realty Services, LLC negotiated four sale transactions. Hackett sold 3,250 s/f at 406 Long Island Ave. to MBG Marble & Granite LLC for $840,000. Hackett represented the buyer and the seller, Long Island Ave LLC.

Hunt Corp. Commercial Real Estate Q&A: Maintaining flat roofs and your sanity

Q: We spent a significant amount of money to repair the flat roof on our commercial building about four years ago. It is already leaking again. How do we maintain our roof and our sanity?A: The major problem with flat roofs is that they are flat! This means there is often an opportunity for water and debris to collect.

Heatherwood celebrates grand opening of Heritage Spy Ring development

South Setauket, NY Heatherwood Luxury Apartments (Heatherwood) celebrated the grand opening of its latest New York metropolitan area development, Heritage Spy Ring Golf Club. Members of the community and golf personalities joined Heatherwood’s management team to mark the unveiling of a property

P.W. Grosser Consulting hires nine

Bohemia, NY Julia Greco, staff engineer, Amy Marigliano, GIS analyst, Kenny McNeill, GIS analyst, Rebecca Reagin, field hydrogeologist, Harry de Haas, staff engineer, Christian Granelli, senior environmental planner, El Jaworski, staff engineer, Chayse Nasiatka, field hydrogeologist, and Corey Reilly, senior engineer

How 2023 market adjustments will impact property taxes - by Brad Cronin and Sean Cronin

As 2023 draws to a close, we’ve seen a number of shifts that have changed the real estate landscape. Many of these market changes directly impact property taxes, which in turn, can change an owner’s bottom line considerably. As we move towards 2024, it’s time to examine what changes can benefit an owner’s property tax case.

Rosner and Crawford of NAI Long Island lease 1,869 s/f at West Shopping Center

East Setauket, NY Managing principal Lee Rosner and senior director Neil Crawford of NAI Long Island negotiated a long-term lease agreement for 1,869 s/f of completely renovated restaurant space to Chico’s Tex Mex at West Shopping Center, 198-250 Rte. 25A.

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.