Long Island

Fibbing to municipal boards: A cautionary tale - by Gregory Kalnitsky

There are times when it can be tempting to make certain representations to municipal authorities to facilitate procuring an approval. If untrue, they may come with some devastating consequences. In Caspian Realty, Inc. v. Zoning Bd. of Appeals of Town of Greenburgh

Racanelli Construction Co. completes 123,970 s/f Venture Park Hauppauge

Hauppauge, NY Racanelli Construction Company, Inc. served as the general contractor on a project awarded by Venture One in partnership with Affinius Capital. The project Venture Park Hauppauge, was awarded on April 2022, and completed on December 2023. It is located at 49 Wireless Blvd

REI at SBU College of Business to hold joint panel on May 3rd about Long Island zoning policies

Stony Brook, NY The Real Estate Institute (REI) at Stony Brook University (SBU) College of Business will hold a joint panel event on May 3rd at the Hilton Garden Inn, 1 Circle Rd., SUNY Stony Brook Campus. The spring luncheon, titled “Long Island Zoning Atlas – A Map to Fix LI’s Housing Crisis?” promises a discussion

Country Pointe in Plainview by
The Beechwood Organization is sold out

Plainview, NY According to The Beechwood Organization all 660 market-rate condominium homes at its mixed-used development, Country Pointe in Plainview, are sold. The milestone reflects demand by Long Islanders of all ages, and primarily empty nesters aged 55-plus, for better quality of life where and how they want to live today.

Stony Brook University Hospital leases 25,000 s/f

East Setauket, NY Colliers secured a long-term lease extension and expansion for Stony Brook University Hospital within the Stony Brook Technology Center (SBTC). A Colliers team led by vice presidents Maria Valanzano and Steven D’Orazio represented the landlord, TRITEC Real Estate Company, in the transaction. David Leviton from JLL represented Stony Brook

Buckley of Endeavor Real Estate brokers
sale of 86,000 s/f industrial property

Rochester, NY Endeavor Real Estate Group negotiated the sale of 105 Elmore Dr., an 86,000 s/f industrial property. Endeavor’s managing principal James Buckley facilitated the transaction on behalf of the purchaser and seller.

Commercial Classroom: Assumption Agreements - by Edward Smith

Often a lease will have an option for renewal by the tenant. If the option is exercised the Broker is usually entitled to an additional commission. But what happens if the building is sold before the option becomes due? Is the new owner responsible to pay the Brokers commission

Ross of Compass’ Polsinelli Team leases 30,000 s/f to SPORTIME

Westbury, NY Larry Ross, vice president of Compass commercial real estate division led by Adelaide Polsinelli negotiated a lease execution with SPORTIME Pickleball LLC of a soon-to-open pickleball facility at 575 Merrick Ave. Scheduled to open this fall 2024, the complex will feature 13 new courts

Racanelli Construction recognizes February as National Heart Month - team members “Go Red for Women”

Melville, NY Racanelli Construction Company, Inc. showed their support of the American Heart Association’s Heart Month which is held in February each year. To demonstrate its support Racanelli Construction employees wore red on the first Friday of February

NAI Long Island represents 60 Port Jeff, LLC in
sale of 13,564 s/f office/medical building

Port Jefferson, NY NAI Long Island, an office of NAI Global, director Marian Campi-Condi and director Michael Corsello represented the sellers 60 Port Jeff LLC in the sale of 60 North Country Rd. The buyers represented themselves.