Commercial classroom: Back to basics investment properties - by Edward Smith

One method by which investment properties are evaluated is known as the Income Approach to valuation. Banks typically use this method when they appraise investment properties. This direct return method of valuation focuses on the cash flow produced. The annual cash flow results from subtracting the owner’s operating expenses from the gross operating income and is referred to as the Net Operating Income

Breslin Realty negotiates two retail leases at Willow Wood

Wantagh, NY Breslin Realty negotiated two leases totalling 5,250 s/f at Willow Wood shopping center. Breslin brokered the signing of a long-term lease with Lacrosse Unlimited at 1151 Wantagh Ave.

Hunt Corp. commercial real estate Q&A: Net lease, gross lease, and full-service lease - by David Hunt

Q: Looking on the internet, I see that rental prices have different labels. What are the differences between a net lease, a gross lease, and a full-service lease?A: These are all terms used to describe the manner in which services and expenses are paid in a landlord-tenant relationship.

Nassau Industrial Development Agency preliminarily approves transaction with EGB Hospitality to renovate restaurant

East Meadow, NY The Nassau County Industrial Development Agency (NCIDA) has preliminarily approved a transaction that aims to bring PGA Tour events to Eisenhower Park. The transaction, awarded to EGB Hospitality, will see the renovation of a building in Eisenhower Park, which will be used as a restaurant and event venue. The project represents a $5.3 million

Groothuis & Co. arranges $4.5 million financing for 23-unit 249 E Park Ave. apartment building

Long Beach, NY Michael Groothuis, president of Groothuis & Co., arranged $4.5 million in permanent financing on a 23-unit, four-story elevator building at 249 E Park Ave. The loan was closed with a bank at a 5.44% rate, fixed for 10 years.

Forchelli Deegan Terrana LLP's Forchelli named a Long Island Business Influencer in Law

According to Forchelli Deegan Terrana LLP, Jeffrey Forchelli, the firm’s chairman and co-managing partner, on being selected as one of Long Island Business News’ Long Island Business

PWGC hires Colabufo and Kirby

Steve Colabufo and Eddie Kirby, PE have joined PWGC. Their additions will strengthen the capabilities of our Environmental Division and Environmental Compliance Division

Koenigsberg of American Investment Properties negotiates $800,000 sale of 218 Broadway

Bethpage, NY Ron Koenigsberg of American Investment Properties (AIP) listed and sold 218 Broadway, a 4,267 s/f converted residence to office building, for $800,000. The property was completely remodeled in 2006. There is signage in front of the building

Ganz joins Kaufman Dolowich as construction practice partner

Woodbury, NY Kaufman Dolowich law firm has hired Michael Ganz as a partner. Ganz joins the firm’s construction law practice group, bringing more than 20 years’ experience focused almost exclusively in matters of construction law.

Hunt Corp. commercial real estate question and answer: Fundamentals in negotiation - by David Hunt

Q: Once we have found the building we want to purchase, what is the best way to start negotiations? A: Entire books have been written about the art of negotiating, so I can share only a few of the strategies that have helped me negotiate advantageous transactions for our clients.