Long Island

Hempstead IDA give preliminary OK to benefits for Valley Stream office to apartment conversion

Valley Stream, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said the agency granted preliminary approval to a package of economic development incentives that will assist a developer in gut-renovating an office

Luckman of Forchelli Deegan Terrana elected 2024 IMA Long Island chapter president

Uniondale, NY Gerard Luckman, a partner and chair of Forchelli Deegan Terrana LLP’s bankruptcy & corporate restructuring practice group, was elected president of the Institute of Management Accountants’ (IMA) Long Island chapter. His

Suffolk IDA approves $137.4 million investment for The Ferncliff Hotel

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist The Ferncliff Hotel – 125 Spagnoli LLC to construct a 402,450 s/f building that will establish a four-story, 299 room luxury

Simone Development Companies renews 23,021 s/f lease with Northwell Health

Lynnbrook, NY Simone Development Companies has signed a long-term lease renewal with Northwell Health, Inc. for the entire three-story, 23,021 s/f medical office property located at 733 Sunrise Hwy. Simone Development Companies was represented by in-house leasing and legal teams.

Evernest Commercial R.E. leases 5,004 s/f to Toast Coffee + Kitchen at TRITEC’s Station Yards

Ronkonkoma, NY Toast Coffee + Kitchen is set to open a new location at the Station Yards, the mixed-use development situated at the local train station. The 5,004 s/f lease agreement was facilitated by broker and founder Allen Boulos, Richard Cardona, Matthew Sullivan, and Scott Schneider

Suffolk County Industrial Development Agency preliminarily approves investment for 536 Broadhollow Realty’s project

Melville, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist 536 Broadhollow Realty LLC to construct a 77,000 s/f building that will be used as a warehouse and office space for one to two tenants. With the IDA’s support, 536 Broadhollow Realty will invest more than $11.53 million

Chang of Highcap Group sells 82-room
Comfort Inn Hotel for $14 million

Syosset, NY Highcap Group has negotiated the sale of the Comfort Inn Hotel located at 24 Oak Dr. for $14 million. Senior director, Charles Chang represented the seller and purchaser in this transaction. This is the first time the property has traded hands since it was originally developed in 1989.

Metro Realty Services handles three sales totaling $4.65 million

Lindenhurst, NY Jeremy Hackett and Andrew Blumenthal of Metro Realty Services, LLC sold 10,023 s/f at 633 N Queens Ave. to V&J Auto for $2.65 million. Hackett and Blumenthal represented the seller, Frank and

Hempstead Industrial Development Agency gives preliminary OK for Floral Park project

Floral Park, NY Fred Parola, CEO of the town of Hempstead Industrial Development Agency (IDA) said the agency granted preliminary approval to a package of economic development incentives that will assist a developer

Huszar joins Forchelli Deegan Terrana as partner

Uniondale, NY Thomas Huszar has joined Forchelli Deegan Terrana’s (FDT) corporate and mergers & acquisitions practice group as a partner. Huszar is an experienced business attorney with a diversified corporate