Long Island

Land use and the Takings Clause of the United States Constitution - by Aaron Gershonowitz and Brian Kennedy

The Takings Clause of the United States Constitution prohibits the government from “taking” property without compensating the owner. At the same time, it

The uncertainty surrounding the Delta variant should reduce property taxes for many properties - by Brad Cronin and Sean Cronin

Property taxes should be reduced commensurately with declines in the market and specifically, their particular property’s operations. This is not a new concept, rather, a very old one that

The Phase One Environmental Site Assessment (ESA) vs. other risk mitigation products - by Chuck Merritt

In 1994, the first approved standard for Environmental Site Assessments (ESA’s) was released by the American Society of Testing Materials (ASTM).  The standard has been revised several times since then

Long Island’s industrial real estate outshining office space - by Anthony Racanelli

Like most sectors, Long Island’s commercial/industrial real estate market was affected by the pandemic. Office space, in particular, experienced increased vacancies, while

Pros and cons of an architect as initial decision maker in AIA contracts - by Andrew Richards

The AIA form of owner-contractor contract utilizes an initial decision maker for disputes between the owner and contractor which may include scope of work disputes, delays and termination of

Racanelli Construction Co. attains platinum level in ABCs’ National safety prog.

Melville, NY Racanelli Construction Company, Inc., a leading construction management, general contractor and design/build resource for commercial, industrial, retail,

Simone Development sells former RUCO Polymer Corp. site in Hicksville

Hicksville, NY Simone Development Companies has completed the sale of the 15-acre former site of the RUCO Polymer Corp. in Nassau County.

New Mountain Capital invests in 491,000 s/f facility

Yaphank, NY According to New Mountain Capital, a defensive growth-oriented investment firm that manages more than $33 billion across private equity, credit, and

Hunt Corp. Commercial Real Estate Q&A: Environmental reports

Q: We have made an offer to purchase a building. Our broker insisted that it was made “subject to environmental.” What exactly does that mean?

Mojo Stumer + Associates designs 4,500 s/f space for Esquire Bank

Jericho, NY Mojo Stumer + Associates completed a 4,500 s/f space for Esquire Bank’s headquarters. In its fourth expansion in as many years, Esquire Bank