Commercial Classroom: Situation critical - by Edward Smith

Time is running out for the Hospitality and the Airline industries. The COVID-19 Pandemic has devastated those industries. Nationally, according to the American Hotel and Lodging Association, as of November, 2020, 57,180 hotels in the U.S. have closed and they predict

Urban Edge Properties acquires 1.2 million s/f Sunrise Mall in Massapequa from Unibail-Rodamco-Westfield

Massapequa, NY Urban Edge Properties has acquired Sunrise Mall from Unibail-Rodamco-Westfield for $29.7 million plus up to $6 million of additional contingent consideration. The property encompasses 1.2 million s/f

Parker joins Sahn Ward PLLC as partner

Uniondale, NY According to Sahn Ward PLLC, John Parker has joined the firm as a partner. He will lead the firm’s Environmental, Energy and Resources Practice Group.

Ashlind Properties facilitates sale of 90,000 s/f in Bohemia for $14.4m

Bohemia, NY
According to Richard Cohen, president of Ashlind Properties, less than two months from inspecting the facility to closing on December 30^th, 2020, North Atlantic Industries Inc. was able to purchase

Nassau County IDA approves deal with Kravet

Mineola, NY The Nassau County Industrial Development Agency has approved a transaction which will keep Kravet Inc. in Nassau County and commits them to a $16 million investment for the acquisition, which includes

Terwilliger & Bartone commits to habitat restoration and stormwater management as essential elements in all projects; supported by SMPIL Consulting, Ltd.

Farmingdale, NY Terwilliger & Bartone Properties, a LI-based builder of luxury rental communities, has committed to habitat restoration and stormwater management as essential elements in all their projects.

Stonegate Real Estate exclusively brokers three deals totaling $2.737m

Valley Stream, NY Stonegate Real Estate completed the following transactions: • 99 4^th St., Valley Stream sold for $930,000. Robert Heicklen of Stonegate handled this transaction acting as exclusive agent.

Hunt Corp. Commercial Real Estate Q&A: Seven steps for maximizing economic benefits - by David Hunt

Q: Our company is a 30-year-old engineering and production company and we definitely need to expand in the next couple of years. As we consider our real estate needs, we are also trying

Cushman & Wakefield arranges 10,064 s/f lease for Northwell Health

Huntington, NY Cushman & Wakefield arranged a long-term, 10,064 s/f lease for Northwell Health at 400 Park Ave., a planned one-story medical office development near Huntington Hospital. 

Great American Brokerage handles 6,000 s/f lease

Smithtown, NY According to Paul Fetscher, president of Great American Brokerage, the firm completed a long term lease of a 6,000 s/f restaurant to Osteria Umbra. The chef/owner is Marco Pellegrini, accompanied by his wife,