If you own property adjacent to a main thoroughfare or near a blighted area, chances are you will eventually face a condemnation. Also known as eminent domain, condemnation is a powerful tool that allows governmental entities to acquire private property for projects benefitting the
You will need to determine the potential income for this year, subtract from that the projected owner’s expenses to determine the expected net operating income (NOI) for this year. Sounds simple but it’s only the beginning of the process.
Smithtown, NY National Development, a leading vertically integrated real estate investment and development firm, made a new senior housing ground-up development and senior housing acquisition, the firm’s first in New Jersey and Long Island respectively.
Garden City, NY In a transaction arranged by CBRE and Paragon Group, Garfunkel Wild P.C., specializing in health care, corporate, and business law, has inked a 45,000 s/f office lease at 900 Stewart Ave. The national law practice will house one of its New York offices on the fourth floor and part of the 250,000 s/f concourse
Greenvale, NY Mojo Stumer Associates has promoted Mason Sofia to associate. Since joining the firm six years ago, Sofia has been a key player in the design and execution of projects across all typologies, bringing creativity and technical expertise to every phase of the process.
Uniondale, NY Forchelli Deegan Terrana LLP (FDT), one of Long Island’s premier law firms, has created a tax practice group. Rachel Partain and Robert Groman will co-chair the practice group. They will be working with Alexander Kerzhner and Lorraine Boss to deliver tax advisory
Middle Island, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the IDA has closed on a package of economic incentives for a proposed senior rental complex. The closing on Feb. 18, 2025, involved incentives for RA Oak Run LLC, which is owned by an affiliate
Hauppauge, NY Bob Raffa of Island Associates negotiated a 1,470 s/f office space relocation and lease for James Morgan at 490 Wheeler Rd. James Morgan relocated within the building and expanded his existing footprint at the office building and extended his term. James Morgan is a nurse practitioner specializing in mental
A: Probably the most common lament that I hear one year after a tenant has occupied new space is that they are already contending with cramped quarters. Many tenants take too little space because of budget constraints, and too many ignore the space needs of the future. So, the concept of expansion alternatives is an important
Middle Island, NY Roger Delisle of Island Associates negotiated a lease extension with Dollar Tree for the 8,000 s/f they occupy at Strathmore Commons. Dollar Tree has been a junior anchor at Strathmore Commons for over 10 years. The lease extension will keep Dollar Tree in place and provide them with the
