Long Island

Hunt Corp. Question & Answer: Commercial leasing bargain bin

Q: We are looking for space to lease for our company. What is absolutely the best way to get a great deal? A: In an open market, great deals generally result from a transaction with a highly motivated landlord, or a tenant who is anxious to sublease their space. S

Midwood secures $30 million construction loan for Eastgate Plaza;
Financing arranged by Estreich of Estreich & Co.

Garden City, NY Manhattan-based real estate company Midwood Investment & Development has secured a $30 million construction loan for Eastgate Plaza, a new retail development located at 867 East Gate Blvd. in The Roosevelt Field Mall corridor.

Schorr of Realty Insight reps buyer in $2.12 million sale

Brentwood, NY Chris Giacalone of Roberts Equities has purchased 710 Suffolk Ave. for $2.12 million. The 3,362 s/f property on 0.89 acres is leased to Citibank. The buyer was represented by Neil Schorr

Hempstead IDA approves benefits for Beechwood’s $110 million development

Westbury, NY According to Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), the agency has given preliminary approval to a request for benefits from the Beechwood Org.,

EBG celebrates ribbon cutting of 200,000 s/f assisted living facility

Jericho, NY In a ribbon cutting ceremony, The Engel Burman Group (EBG) officially opened The Bristal at Jericho, the 17th community of The Bristal in EBG’s expansive assisted living portfolio.

Arbitration versus litigation in construction contracts: Considerations to take into account - by Andrew Richards

One of the many important choices a developer or contractor faces when it prepares its construction contracts is whether to include an arbitration provision to resolve disputes or litigate any disputes in a court of law. 

Amazon’s Long Island City decision and the public outrage: Understanding the facts - by Ralph Perna

Amazon is one of the largest companies on the planet. It has revolutionized the retail industry, created a new platform, and in some cases, ran companies out of business. Amazon has been entering new markets on a regular basis

Subleasing basics: Protecting the unwary subtenant’s interests in its premises - by Matthew Zangwill

A sublease might seem a simple transaction since the hard work of negotiating the master lease is done and its terms will be incorporated into the sublease by reference. However, the existence of the master lease...

Understanding licenses and leases – A three-part series: “Cleaning up” contractural language - by Darren Stakey

New York boasts a veritable “laundry list” of cases that examine the distinction between a license and a lease in the context of agreements to operate washing machines. In Wash-O-Matic Laundry Co., Inc. v. 621 Lefferts Ave...

Digital technologies: Utilizing augmented and virtual realities in real estate marketing - by Ron Koenigsberg

Technology plays a huge part in how we interact in both business and everyday life. What was once clunky and difficult is now seamless, intuitive, and imperative to our daily operations. Augmented reality and virtual reality are two technologies