Bayshore, NY Metropolitan Realty Associates LLC (MRA), in partnership with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, has completed the sale of a five-building industrial portfolio located in Suffolk County, Long Island,
Plainview, NY Rechler Equity Partners hosted its annual ceremony to honor the brokers who helped sustain the company’s record occupancy rates throughout 2023. Honorees gathered at the Rechler Equity headquarters to receive their awards. The honorees accumulated more than 150,000 s/f in lease agreements across the
East Setauket, NY Colliers has secured a long-term lease for 35,100 s/f of administrative office space for Stony Brook University Hospital at 31 Research Way in the Stony Brook Technology Center (SBTC). A Colliers team led by vice presidents Maria Valanzano and Steven D’Orazio represented
The very first step in comparing two or more lease alternatives is to understand the financial impact of each. Of course, there will be subjective considerations in any final decision, but if you do not have an understanding of the financial ramifications, you will not be able to make those subjective decisions
The lack of transactions in the commercial market has been well documented. Even if rate cuts are in the near future, buyers and sellers must explore every avenue that will facilitate a transaction. While property taxes are typically seen as a negative aspect of owning commercial buildings, they are unavoidable. To navigate
Earlier this year, I wrote about the recently adopted ASTM E-1527-21 Environmental Site Assessment (ESA) or more commonly known as a “phase one” standard being implemented as the only one now recognized to meet the All-Appropriate Inquiry (AAI) Rule for a purchaser of commercial real estate. Following this standard can
New York is in the throes of hurricane season. This year, the National Oceanic and Atmospheric Administration predicts an Atlantic hurricane season comprising 17-25 storms, including 4-7 major hurricanes. New York City, Long Island, and the Hudson Valley — as well as parts of New Jersey and Connecticut — recently
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Initially when applying for a commercial mortgage on investment property the bank requests a copy of the income and expense statement and a copy of the purchase
Westbury, NY Samanea New York, the new retail, entertainment and dining destination located at 1500 Old Country Rd. celebrated the grand opening of Empire Adventure Park, a first-to-market trampoline and active entertainment venue. NYS senator Kevin Thomas, the Nassau County
East Setauket, NY Orthopedic Associates of Long Island (OALI) has signed a long-term lease extension at 6 Technology Dr., a building operated by TRITEC Asset Management. The 24,409 s/f transaction was facilitated by Colliers, with vice presidents Maria Valanzano and Steve
