Long Island

Compass Development Marketing Group expands into Long Island market

Long Island, NY Compass Development Marketing Group (CDMG) announced it is expanding its marketing and sales expertise into New York’s Long Island luxury market. CDMG has established itself as one of New York City’s premier luxury new residential development sales and marketing teams, having helmed successful sellout campaigns at some of the City’s top buildings, including

Commercial classroom: 1031 Exchanges: Part 1 - by Edward Smith

We will begin this article by looking at the history of 1031 Exchanges, next month we will illustrate the procedure and rules. Congress, in an effort to pay for the American Civil War, imposed the first income tax in 1861

Commercial Industrial Brokers Society of Long Island presents 2022 Most Ingenious Deal of the Year award

Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS) presented the 2022 Most Ingenious Deal of the Year (MIDY) award at an event co-sponsored by the Association for a Better Long Island (ABLI). The prestigious award was given to the CBRE team of senior vice president Paul

First Citizens Bank provides $19.5 million loan for
development of Holbrook Logistics Center

Islip, NY First Citizens Bank’s Real Estate Finance business provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island. The borrower, an affiliate of Eagle Cliff Real Estate Partners, is building a new

OneKey hosts Info Track program at annual Long Island Board of Realtors Education Conference and Trade Show

Woodbury, NY As part of the 35th annual Long Island Board of Realtors Education Conference and Trade Show, OneKey MLS – the largest multiple listing service in New York – hosted its first-ever Info Track program, a hub of innovative training sessions and expert insights

Hunt Corp. Commercial Real Estate Q&A: Maintaining your property like a professional - by David Hunt

Q: Our firm is not large enough to employ a full-time property manager for the building we own. Do you have guideline or checklists that one of our senior managers could use to make sure everything is completed in a timely manner? A: You do not have to have a full-time property manager to maintain your property, but you, or whoever will be responsible for day-to-day maintenance, should think like one.

Colliers and TRITEC lease 195,000 s/f of retail space at Station Yards

Ronkonkoma, NY Colliers partnered with TRITEC Real Estate Company to lease 195,000 s/f of retail space at Station Yards. The firm has arranged the first lease at the mixed-use project on Long Island for Great South Bay Brewery. A Colliers team led by vice presidents Maria Valanzano

JLL Capital Markets closes sale of 395,000 s/f Riverhead Centre

Riverhead, NY JLL Capital Markets closed the sale of the nine-building, 395,000 s/f, grocery-anchored Riverhead Centre. JLL represented the seller, AFL-CIO Building Investment Trust advised by PNC Realty Investors, and procured the buyer, Prestige Properties & Development

Expediting the process - artificial intelligence’s future impact on Long Island commercial real estate - by Erik Snipas

Artificial Intelligence (“AI”) is poised to revolutionize the commercial real estate market. As AI becomes more advanced, the commercial real estate market on Long Island will see dramatic changes in the way real estate investors purchase, sell, evaluate, and develop properties. From enhancing

Commercial classroom: Back to basics - negotiating personal guarantees - by Edward Smith

Periodically, like after the recession of 2008 when property values crashed, it becomes common for landlords to require personal guarantees from their tenants. As the economy recovered toward the end of that decade values had been increasing again and landlords stopped requiring personal guarantees.