Long Island

Property taxes should be lessened in recognition of owners’ risks in the COVID tax year - by Brad Cronin and Sean Cronin

On May 19th New York eased many COVID restrictions. While a return to normal operating environment will not occur overnight, this development is unambiguously positive for the real estate industry. However,

When a second opinion in environmental consulting may not be welcomed? - by Chuck Merritt

Instinctively getting a second opinion on just about anything in life is a good idea. However, consider the following scenario where a professional vendor (i.e. environmental consultant) not involved in the

JLL Hotels & Hospitality handles sale and financing for Allegria Hotel

Long Beach, NY JLL Hotels & Hospitality has closed the sale and acquisition financing for the Allegria Hotel, a 156-key luxury, beachfront hotel. According to public record,

Beechwood Organization nears completion of 19 condominiums at The Latch Southampton Village

Jericho & Southampton Village, NY The Beechwood Organization is nearing completion of 19 luxury condominium homes plus the

Finiki of Largo arranges $13 million loan for self-storage project

Port Jefferson, NY Tim Finiki, vice president of originations at Largo, arranged $13 million in financing for the development of an institutional-quality self-storage facility.

IREON, BOMA host NYC Council candidates webinar

Westbury, NY IREON and BOMA joined forces to host a 90-minute webinar with three prominent candidates for the 2021 New York City Council elections to hear their views on

Town of Hempstead LDC gives final approval for $45m tax-exempt bond sale

Hempstead, NY According to Frederick Parola, CEO of the Town of Hempstead Local Development Corp. (LDC), the economic development agency has given final approval to a

Hunt Corp. Commercial Real Estate Q&A: Lease enhancement - by David Hunt

Q: We are planning to lease a larger manufacturing facility on Long Island. Our broker says the landlord is going to require “lease enhancement.” What does this mean, and how should it be negotiated?

Hempstead IDA celebrates Amazon agreement for planned warehouse

Hempstead, NY According to Hempstead town supervisor Don Clavin Jr., online retailer Amazon Inc. has agreed to lease a planned warehouse that will be

Delight Restaurant Group acquires 44 L.I. Wendy’s from The Wendy’s Co.

Long Island, NY Delight Restaurant Group completed the acquisition of 44 Wendy’s restaurants on Long Island. As part of the transaction, Delight Restaurant Group plans