Hunt Corporate Services Commercial Real Estate Q&A: Due diligence for the seller - by David Hunt

Q: I have hired a commercial real estate broker to sell our industrial building. The building has two tenants. He is asking for all sorts of information that I feel is part of the due diligence that the eventual buyer, not me, should be doing. Why go hunting for problems?  

Sorvillo, Van De Kar, Vacca, Nayak, Bernard, and Procunier join Racanelli Construction Company

Melville, NY Racanelli Construction Company, Inc. has appointed several new staff members.  New staff members include:

Going to the dogs! Veterinary clinics - by April Intrabartola

In the last few years, a substantial portion of our firm’s projects have centered around the construction of healthcare facilities.

Assael Gingold of American Investment Properties sells 7,308 s/f

Valley Stream, NY American Investment Properties (AIP) was exclusively retained to sell the 7,308 s/f two-story office building at 550 W Merrick Rd.

Fetscher of Great American Brokerage sells 40,000 s/f Jericho Terrace

Mineola, NY Paul Fetscher CCIM, president of Great American Brokerage, sold Jericho Terrace a 40,000 s/f function and catering facility, located at 249 Jericho Tpke.

Commercial classroom: Selling today’s customer - by Edward Smith

Today’s commercial real estate customer knows more about real estate than ever before, internet resources provide them with the ability to educate themselves about market conditions and available space.

Balardi, Boland, Calcagni, Moran, Price and Schneid promoted at Moritt Hock & Hamroff

Garden City, NY Moritt Hock & Hamroff have elevated Vincent Balardi, Brian Boland, Michael Calcagni, Jacquelyn Moran, Christine Price and Kelly Schneid to partner, and Lauren Bernstein, Alex Litt, Caitlyn Ryan and Jodi Zimmerman have been elevated to counsel, effective January 1, 2023. 

Ganz joins Kaufman Dolowich as Construction Practice partner

Woodbury, NY According to Kaufman Dolowich, a leading national law firm, Michael Ganz has joined the firm’s headquarters as a partner. Ganz joins the firm’s Construction Law Practice

Northmarq secures $77 million refinance of four properties

Melville, NY Ernest DesRochers, Charles Cotsalas, and Robert Delitsky of Northmarq’s New York and Long Island debt/equity team arranged $77 million in refinancing for four properties located in Melville, Brooklyn, and Garden City. Northmarq structured permanent fixed-rate

PWGC hires Benz and Macharie as associates in the Enviro. Division

Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) hired two new associates. Joining PWGC’s environmental division as field hydrogeologists are Kylie Benz and Jada Macharie.