Long Island

P.W. Grosser Consulting promotes 10

Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) has promoted 10 employees. • Andres Ballares: Project hydrogeologist from field hydrogeologist • Tim D’Agostino, PE: Project manager from senior engineer

Commercial Classroom: Lease protections for landlords, tenants, and broker - by Edward Smith, Jr.

Many retailers consider the calendar year as if they bought all of their inventory at the beginning of the year but do not realize their profit until the end of the year. In this case they pay

Metropolitan Realty secures 33,000 s/f
long-term lease with Lumber Plus

Ronkonkoma, NY Joe Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), executed a 10-year lease for the entire 33,000 s/f building located at 2175 5th Ave. The lease agreement was inked with Unitta Exotique Woods Corp., dba Lumber Plus

Kennedy Funding closes $5 million
loan on Old Westbury estate

Old Westbury, NY Kennedy Funding has closed a $5 million loan on a residential estate. The loan proceeds will be used for working capital. There is no debt on the property. Despite setbacks and challenges, Kennedy was able to fill the funding void, providing the necessary capital.

NAI Long Island represents Oakwood Family Partners in sale of 15,000 s/f

Mt. Sinai, NY Directors Marian Campi-Conde and Michael Corsello of NAI Long Island represented Oakwood Family Partners, LLC in the sale of the Portview Building, at 28 N. Country Rd. 28 N. Country Road is a 15,000 s/f, multi-tenant office building, situated on a corner acre.

Hunt Corp. Commercial Real Estate Q&A: Six essentials in acquiring real estate by David Hunt

Question: We need to expand our office and warehouse and find ourselves back in the real estate market for the first time in 10 years. What are the most important guidelines that you can give us?

Loan officers may be entitled to overtime pay - by Lisa Casa

An issue that has been a subject of recent litigation is whether loan officers are entitled to receive overtime pay. It is often the presumption that since loan officers are frequently paid on commissions and, if successful, are paid well in excess of six-figures

New name: Sahn Ward Braff Koblenz Coschignano

Uniondale, NY As the firm begins its 25th anniversary year, Sahn Ward said that Elisabetta Coschignano has become a member of the firm. To recognize this milestone, and Coschignano’s accomplishments and contributions to the firm’s growth and development

Change to East Hampton’s code regarding certificates of occupancy

Riverhead, NY Changes to the Town of East Hampton’s town code regarding certificates of occupancy (CO) went into effect on January 1, 2024. The updated town code requires that an updated CO be obtained before the property is transferred to the seller

Kelly and Wade join Douglas Elliman Commercial

Smithtown, NY Thomas Kelly and Chris Wade have joined Douglas Elliman Commercial. Wade and Kelly are licensed real esate salespersons and commercial specialists. The notoriety and network Wade has amassed through his competitive and entrepreneurial careers