Long Island

Question of the Month: 2022 a year to remember and recession concerns heading into 2023 - How will federal reserve policies drive the outcome? - by DiGeronimo

As we end 2022 inflation reached its highest levels since the early 1980s. As a result, elevated inflation, supply chain disruptions, and higher interest rates have contributed to the global downturn.

Stein named managing partner at Certilman Balin Adler & Hyman

East Meadow, NY Bernard Hyman has built his career as an established authority on real estate valuation, while simultaneously managing the second largest law firm on Long Island, Certilman Balin Adler & Hyman, LLP.

Brookhaven IDA closes on pact for 59,525 s/f Sunrise Wind facility at 22 Research Way

East Setauket, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the agency has closed on an agreement...

Shrenkel hired as new CEO and executive director for Nassau County Industrial Development Agency

Mineola, NY The Nassau County Industrial Development Agency (NCIDA) has hired Sheldon Shrenkel to serve as the agency’s new CEO and executive director.

Hunt Corporate Services Commercial Real Estate Q&A: Due diligence for the seller - by David Hunt

Q: I have hired a commercial real estate broker to sell our industrial building. The building has two tenants. He is asking for all sorts of information that I feel is part of the due diligence that the eventual buyer, not me, should be doing. Why go hunting for problems?  

Sorvillo, Van De Kar, Vacca, Nayak, Bernard, and Procunier join Racanelli Construction Company

Melville, NY Racanelli Construction Company, Inc. has appointed several new staff members.  New staff members include:

Going to the dogs! Veterinary clinics - by April Intrabartola

In the last few years, a substantial portion of our firm’s projects have centered around the construction of healthcare facilities.

Assael Gingold of American Investment Properties sells 7,308 s/f

Valley Stream, NY American Investment Properties (AIP) was exclusively retained to sell the 7,308 s/f two-story office building at 550 W Merrick Rd.

Fetscher of Great American Brokerage sells 40,000 s/f Jericho Terrace

Mineola, NY Paul Fetscher CCIM, president of Great American Brokerage, sold Jericho Terrace a 40,000 s/f function and catering facility, located at 249 Jericho Tpke.

Commercial classroom: Selling today’s customer - by Edward Smith

Today’s commercial real estate customer knows more about real estate than ever before, internet resources provide them with the ability to educate themselves about market conditions and available space.