Guarino and Flaccomio of ERG Commercial arrange $2.1 million

Central Islip, NY ERG Commercial Real Estate, through an affiliate, is funding a $2.1 million refinance loan secured by two commercial strip shopping centers.

N+P/NPV wins at Canstruction LI competition to help local communities

Melville, NY Congratulation to Nelson + Pope/Nelson Pope Voorhis (N+P/NPV) for winning Best Use of Labels during their participation in the design build competition for Canstruction Long Island, where firms from the AEC industry compete in designing and building giant incredible structures that are self-supporting and made entirely out of canned food.

American Inv. Properties sells 2 Larkfield Rd. for $1.75 million

East Northport, NY American Investment Properties (AIP) sold 2 Larkfield Rd. for $1.75 million. The 10,000 s/f mixed-use building is located next to the Northport train station.

Gleason joins Real Estate Group at Certliman Balin as associate

East Meadow, NY Edward Gleason joined the Real Estate Group at Certilman Balin Adler & Hyman, LLP as an associate.

Suffolk IDA preliminarily approves investment for Broadway National LLC

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist Broadway National Group, LLC for the renovation of its existing 65,500 s/f headquarters located at 100 Davids Dr.

Muroff Hospitality Group represents Becksmad Assocs. in $1.2 million sale of 41-45 Picketty Ruff Walk

Sayville, NY Muroff Hospitality Group has sold 41-45 Picketty Ruff Walk, Fire Island for the first time in 60 years! This retail property is located at the entrance to Fire Island Pines, the most exclusive LGBTQ community in the world with several boutiques, a restaurant, a large outdoor swimming pool, cabana, and bar.

Hild joins Farrell Fritz’s Tax Certiorari Group

Uniondale, NY Ryan Hild has joined Farrell Fritz as a partner in the tax certiorari group. Hild has extensive experience in the specialized field of real property valuation, appeal and advocacy, on behalf of commercial property owners in all aspects of real property tax litigation and condemnation law.

Checkers Restaurant ground leases for Central Islip and Brentwood Rd.

Brentwood, NY Roger Delisle of Island Associates Real Estate Inc. negotiated the long-term ground leases of pad sites for Checkers Restaurants at 7 Wheeler Rd., Central Islip and 1825 Brentwood Rd. Brentwood is about an acre and Central Islip is about half an acre.

G2D Group brings WorkSmart to LI’s Gold Coast

Port Washington, NY. Developed by Long Island-based G2D Group, WorkSmart brings a shared workspace at 1 Channel Dr. in January 2023.

How 2022 market adjustments will impact property taxes - by Brad and Sean Cronin

As 2022 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.