This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. This month marks my 240
th monthly article for the New York Real Estate Journal. It seems appropriate to reprint the first article I wrote for them twenty years ago. Some things about commercial real estate never seem to change.
Bohemia, NY Breslin Realty negotiated three long-term retail leases. Christmas Tree Shops will be occupying 38,000 s/f in the Sayville Plaza, at5181 Sunrise Hwy.
Manhasset, NY Cushman & Wakefield arranged a long-term, 2,754 s/f lease for Steinway & Sons, maker of some of the world’s finest pianos, at 1488 Northern Blvd.
Freeport, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency has given preliminary approval to a package of economic development benefits that will allow a Forest Hills, Queens-based wholesale dairy distributor with facilities in Inwood purchase a warehouse in town where it intends to consolidate operations
Manhasset, NY Suffolk joined local and state officials and Northwell Health leaders to cut the ribbon at Feinstein Institutes for Medical Research’s newly-renovated laboratory space. The $35 million project increased lab capacity and efficiency and upgraded infrastructure.
Inwood, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency approved a due diligence resolution that will permit it to investigate economic development benefits to assist a proposed large warehouse.
The rapidly accelerating urbanization of the U.S. is placing great strain on the aging infrastructure of the country. Increased energy demands in very localized urban areas are having a negative impact on the national power distribution grid.
Levittown, NY Breslin Realty negotiated the signing of a long-term lease with Advance Auto Parts in the Levittown Mews Shopping Center. Advance Auto Parts will be occupying 7,000 s/f in the shopping center on Hempstead Tpke. (NY-24), in the space formerly
Mineola, NY The Nassau County Local Economic Assistance Council (LEAC) has approved a transaction for South Nassau Community Hospital to receive $90 million in tax-exempt bonds to finance and refinance the renovation and improvement of the hospital’s existing campus at One
Freeport, NY According to Vanderbilt Realty, the sale of 14-16 Brooklyn Ave. has closed. The three story industrial building contains 10,000 s/f. Lyle Alper, the director of investment sales at Vanderbilt represented the seller, Brooklyn Boys Properties, LLC
