Long Island

Commercial Classroom: The Ideal Leasing Process - by Ed Smith

Leases are detailed documents that should address all possible situations that may arise in the landlord-tenant relationship. The lease defines who is responsible for

Hempstead IDA approves financial inventives for Prosperity Avenue Holdings LLC/Paul’s Auto Collision Inc.

Garden City, NY According to Frederick Parola, chief executive of the Town of Hempstead Industrial Development Agency (IDA), the agency’s board has

Hunt Corp. Commercial Real Estate Q&A: The Total Cost of Relocation - by David Hunt

Q: Can you provide some ballpark costs associated with relocating our company? We’re concerned that these secondary costs may get out of hand.

With aid and relief programs winding down, beware of high property taxes - by Brad Cronin and Sean Cronin

School taxes make up approximately two-thirds of each property tax bill. Two years ago, the onslaught of COVID led to increased spending in almost all of Long Island’s 124 school districts. However,

Gurwin Healthcare System opens $115m Fountaingate Gardens project

Commack, NY Gurwin Healthcare System welcomed its first residents to Fountaingate Gardens, a new independent living community for

Rechler Equity Partners assists John’s Crazy Socks in headquarters expansion: 6,070 s/f

Farmingdale, NY According to Rechler Equity Partners, John’s Crazy Socks, one of the world’s largest sock

CBRE reps seller and procures buyer in $28.5m sale of 264,482 s/f office building

Holtsville, NY CBRE handled the $28.5 million sale of 5000 Corporate Ct., a two-story, 264,482 s/f office building in the hamlet of

G.S. Wilcox & Co. secures $12 million in financing for neighborhood center

Plainview, NY G.S. Wilcox & Co. principal David Fryer has secured $12 million in financing in the form of a B Note for a 110,000 s/f neighborhood center. Thrivent Financial provided the original

Lewis of ERG Commercial Real Estate reps. Parco Gas in $1.5 million industrial bldg. sale

Bohemia, NY ERG Commercial Real Estate delivered the sale of a Long Island industrial flex building for the asking price of $1.5 million. The 5,688 s/f building at 1589 Lakeland Ave., sold for $263 per s/f. The site sits on a 1.1 acre lot with an outside parking lot with 30 spaces. It is zoned for both

Breslin Realty Development unveils 201-unit The Langdon and acquires Massapequa Plaza

Lynbrook, NY Breslin Realty Development Corp. is progressing on its new development project, The Langdon, a 201-unit, 278,014 s/f apartment complex. The Langdon is located directly across from the Lynbrook Long Island Railroad train station