Long Island

Nassau IDA approves incentives for Steel Equities’ Mineola project

Mineola, NY According to Nassau County executive Laura Curran and Nassau County IDA chairman Richard Kessel, the IDA has approved an economic development incentive package to commercial developer Steel Equities, which has purchased a pair of long-vacant industrial buildings.

Property tax exemptions: Are you paying more property taxes than you should be? - by Erin O'Brien

It is no secret that Westchester, Rockland and Nassau Counties have been routinely ranked in the top ten U.S. counties with the highest property taxes, with Suffolk County not far behind. According to the NYS government website, property owners in N.Y. pay 96% more in property taxes than the national median.

Is the trade war with China starting to affect the real estate market? - by Ralph Perna

The trade war with China, which officially began in July 2018 when the U.S. implemented its China-specific tariff, collecting a 25% tariff on 818 imported Chinese products, is starting to show its effects with local companies. During previous administrations, I don't remember any of the Presidents....

Believe in mediation: An effective tool to settle construction disputes - by Andrew Richards

Many clients and attorneys believe that mediating construction disputes is a waste of money and time for a variety of reasons. Over the years I have been told that the parties are too far apart to settle, the mediator will not have the expertise to conduct a fruitful mediation and it is just a delay tactic by the adverse party.

New York Court of Appeals case flips over tax grievance challengers - by Keith Brown and David Pernick

The New York Court of Appeals recently decided a case which will dramatically change the requirements for initiating review of real estate tax assessments, triggering additional concerns that property owners in NYS should consider when drafting lease agreements. In Larchmont Pancake House v. Bd. of Assessors...

How renewables and green technologies mitigate commercial real estate natural gas moratorium - by Nancy Colella

Renewable and green technologies continue to aggressively integrate and expand throughout the commercial real estate private sector and structured in various asset procurement, investment, and power conservation or cash-flow related assets. From a macro consideration, the industry has...

Commercial Classroom: Cap on carbon emissions - by Edward Smith

NYC has passed the most ambitious legislation in the world to reduce carbon emissions in buildings; Local Law 97, a part of the Climate Mobilization Act was made law on May 18th. This law creates Carbon Emissions Limits for all NYC buildings over 25,000 s/f. Oil, natural gas and coal are called fossil fuels...

Long Island chapter of Appraisal Institute holds seminar - Sept 25th; With Suffolk Academy of Law, Suffolk County Bar and more

Hauppauge, NY The L.I. chapter of the Appraisal Institute and the Suffolk Academy of Law, Suffolk County Bar Association Condemnation and Tax Certiorari committee presented a joint three-hour seminar, “Condemnation and Tax Certiorari.” The seminar provided a panel of appraisers

Engel Burman Group executives discuss South Florida expansion plans with CIBS members

Syosset, NY Executives of one of L.I.’s largest developers of senior housing told the Commercial Industrial Brokers Society of L.I. (CIBS) that a combination of factors, including a cutoff of new natural gas supplies, the prospect of a state prevailing-wage law, rent control...

Zere family hosts judge Pirro book signing party

Smithtown, NY The Zere family hosted a book signing party for celebrity judge Jeanine Pirro at their family home. David Zere was the official host and chef for this event. The event was attended by the local community, business leaders and politicians from Long Island...