Long Island

IDA of the Month: Brookhaven IDA closes 2018 with
strong investment and job numbers; Committing $344 million

Farmingdale, NY The town of Brookhaven Industrial Development Agency (IDA) had another strong year in 2018 with businesses committing to invest $344 million in projects

Hunt of Hunt Corp. reps Chembio in 70,000 s/f lease; O’Connor and Gazzola of NKF rep landlord

Hauppauge, NY According to Hunt Corporate Services, Inc., Chembio Diagnostic Systems has leased a 70,000 s/f building at 555 Wireless Blvd. David Hunt of Hunt Corp. represented Chembio.

Commercial Classroom: Assumption agreements - by Edward Smith

Often a lease will have an option for renewal by the tenant. If the option is exercised the broker is usually entitled to an additional commission. But what happens if the building is sold before the option becomes due?

SWC names Lawrence a partner and hires Brees as a new associate

Uniondale, NY Sahn Ward Coschignano, PLLC has promoted Kyle Lawrence to partner and hired Joseph Brees as a new associate.

Hunt of Hunt Corp. receives LIBN award

Plainview, NY According to Hunt Corporate Services, Inc., David  Hunt, president of the firm, has been honored with the Long Island Business News “Citizenship Award – Real Estate Professional.”

Coldwell Banker NRT honors top brokers: Bestourous, Conde and Robinson

Melville, NY Coldwell Banker NRT regional manager Bill McCartney and Paul Fetscher, CCIM, CRX CLS, senior commercial real estate advisor, named the firm’s top performers among the 62 commercial brokers.

Oliver of NKF reps TRITEC in 15,030 s/f lease to LGBT Network; Crennan, Ruiz and Dugan rep tenant at 125 Kennedy Drive

Hauppauge, NY According to TRITEC Real Estate Company, Inc., LGBT Network has signed a lease for 15,030 s/f at 125 Kennedy Dr. The 65,000 s/f office building is located in Hauppauge Industrial Park. 

H2M architects + engineers acquires Wiedersum Associates

Melville, NY H2M architects + engineers (H2M), a full-service multi-disciplined professional consulting and design firm, has acquired Wiedersum Associates Architects as of March 1st. 

Gibbons joins Nelson & Pope as project manager

Melville, NY Nelson & Pope (N&P), a multi-disciplined AEC firm, has hired Thomas Gibbons, Jr., RLA, as project manager for N&P’s site division.

Pagano of Avison Young renews 38,600 s/f lease

Farmingdale, NY According to Milvado Property Group, Newsday has renewed its 38,600 s/f lease at 360 Smith St., where it has resided for 20 years.