Long Island

Racanelli Construction serving as general
contractor for 189-unit Alpine Residential

Hicksville, NY Racanelli Construction Company, Inc. is serving as the general contractor on the Alpine Residential 189-unit housing development. This project, which is part of groundbreaking $111.8 million downtown mixed-use revitalization project, will

Brandel and Seidenberg of CBRE
named agent for 1.1 million s/f

Lake Success, NY CBRE has been appointed as the leasing agent for the Lake Success Quadrangle, a 1.1 million s/f class A medical and office complex. The 11-building property is home to ProHealth, Northwell Health, NYU Langone, Catholic Health Services,

Hunt Corp. Commercial Real Estate Q&A: Presentation makes the difference - by David Hunt

“Sell the sizzle, not the steak” is an age-old axiom of marketing that can be applied to the sale or lease of commercial property. While it is true that no one is going to buy a multi-million-dollar commercial property because it has a beautiful lawn,

Hempstead IDA give preliminary OK to benefits for Valley Stream office to apartment conversion

Valley Stream, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency granted preliminary approval to a package of economic development incentives that will assist a developer in gut-renovating an office

Luckman of Forchelli Deegan Terrana elected 2024 IMA Long Island chapter president

Uniondale, NY Gerard Luckman, a partner and chair of Forchelli Deegan Terrana LLP’s bankruptcy & corporate restructuring practice group, was elected president of the Institute of Management Accountants’ (IMA) Long Island chapter. His

Suffolk IDA approves $137.4 million investment for The Ferncliff Hotel

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist The Ferncliff Hotel – 125 Spagnoli LLC to construct a 402,450 s/f building that will establish a four-story, 299 room luxury

Simone Development Companies renews 23,021 s/f lease with Northwell Health

Lynnbrook, NY Simone Development Companies has signed a long-term lease renewal with Northwell Health, Inc. for the entire three-story, 23,021 s/f medical office property located at 733 Sunrise Hwy. Simone Development Companies was represented by in-house leasing and legal teams.

Evernest Commercial R.E. leases 5,004 s/f to Toast Coffee + Kitchen at TRITEC’s Station Yards

Ronkonkoma, NY Toast Coffee + Kitchen is set to open a new location at the Station Yards, the mixed-use development situated at the local train station. The 5,004 s/f lease agreement was facilitated by broker and founder Allen Boulos, Richard Cardona, Matthew Sullivan, and Scott Schneider

Suffolk County Industrial Development Agency preliminarily approves investment for 536 Broadhollow Realty’s project

Melville, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist 536 Broadhollow Realty LLC to construct a 77,000 s/f building that will be used as a warehouse and office space for one to two tenants. With the IDA’s support, 536 Broadhollow Realty will invest more than $11.53 million

Chang of Highcap Group sells 82-room
Comfort Inn Hotel for $14 million

Syosset, NY Highcap Group has negotiated the sale of the Comfort Inn Hotel located at 24 Oak Dr. for $14 million. Senior director, Charles Chang represented the seller and purchaser in this transaction. This is the first time the property has traded hands since it was originally developed in 1989.