Long Island
Metropolitan Realty secures 33,000 s/f
long-term lease with Lumber Plus
Ronkonkoma, NY Joe Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), executed a 10-year lease for the entire 33,000 s/f building located at 2175 5th Ave. The lease agreement was inked with Unitta Exotique Woods Corp., dba Lumber Plus
Kennedy Funding closes $5 million
loan on Old Westbury estate
Old Westbury, NY Kennedy Funding has closed a $5 million loan on a residential estate. The loan proceeds will be used for working capital. There is no debt on the property. Despite setbacks and challenges, Kennedy was able to fill the funding void, providing the necessary capital.
NAI Long Island represents Oakwood Family Partners in sale of 15,000 s/f
Mt. Sinai, NY Directors Marian Campi-Conde and Michael Corsello of NAI Long Island represented Oakwood Family Partners, LLC in the sale of the Portview Building, at 28 N. Country Rd. 28 N. Country Road is a 15,000 s/f, multi-tenant office building, situated on a corner acre.
Hunt Corp. Commercial Real Estate Q&A: Six essentials in acquiring real estate by David Hunt
Question: We need to expand our office and warehouse and find ourselves back in the real estate market for the first time in 10 years. What are the most important guidelines that you can give us?
Loan officers may be entitled to overtime pay - by Lisa Casa
An issue that has been a subject of recent litigation is whether loan officers are entitled to receive overtime pay. It is often the presumption that since loan officers are frequently paid on commissions and, if successful, are paid well in excess of six-figures
New name: Sahn Ward Braff Koblenz Coschignano
Uniondale, NY As the firm begins its 25th anniversary year, Sahn Ward said that Elisabetta Coschignano has become a member of the firm. To recognize this milestone, and Coschignano’s accomplishments and contributions to the firm’s growth and development
Change to East Hampton’s code regarding certificates of occupancy
Riverhead, NY Changes to the Town of East Hampton’s town code regarding certificates of occupancy (CO) went into effect on January 1, 2024. The updated town code requires that an updated CO be obtained before the property is transferred to the seller
Kelly and Wade join Douglas Elliman Commercial
Smithtown, NY Thomas Kelly and Chris Wade have joined Douglas Elliman Commercial. Wade and Kelly are licensed real esate salespersons and commercial specialists. The notoriety and network Wade has amassed through his competitive and entrepreneurial careers
Hempstead IDA gives final approval to incentives for apartment projects in Woodmere and Inwood
Hempstead, NY Frederick Parola, CEO of the town of Hempstead Industrial Development Agency (IDA) said that the IDA has again taken steps to boost the supply of rental housing in the town, giving final approval to proposed projects in Woodmere and Inwood.
Samanea New York continues to expand its Restaurant Row, signs two new restaurant leases
Westbury, NY Samanea New York has signed two new restaurant tenants to join its expanding Restaurant Row located at 1500 Old Country Rd. The two tenants, which are expected to open in the first half of 2025, are Tous les Jours, an artisan bakery
