Long Island

Understanding tenant credit ratings in a triple net lease - by Ron Koenigsberg

A key part of understanding a triple-net (NNN) lease is understanding tenant credit ratings. Before we discuss ratings, it’s important to first understand the basics of a

Why should I retain an attorney who concentrates in construction law? - by Andrew Richards

“I have a lawyer who handles all of my legal work. Why should I retain an attorney who concentrates in construction law?…” All too often, I am approached by a prospective client to

Flexibility and cost savings for commercial properties post-COVID-19 - by Judy Simoncic and Nathan Jones

The COVID-19 pandemic and resulting lockdown restrictions designed to combat it have caused significant changes to the way in which commercial real estate owners and developers assess their

Property taxes should be lessened in recognition of owners’ risks in the COVID tax year - by Brad Cronin and Sean Cronin

On May 19th New York eased many COVID restrictions. While a return to normal operating environment will not occur overnight, this development is unambiguously positive for the real estate industry. However,

When a second opinion in environmental consulting may not be welcomed? - by Chuck Merritt

Instinctively getting a second opinion on just about anything in life is a good idea. However, consider the following scenario where a professional vendor (i.e. environmental consultant) not involved in the

JLL Hotels & Hospitality handles sale and financing for Allegria Hotel

Long Beach, NY JLL Hotels & Hospitality has closed the sale and acquisition financing for the Allegria Hotel, a 156-key luxury, beachfront hotel. According to public record,

Beechwood Organization nears completion of 19 condominiums at The Latch Southampton Village

Jericho & Southampton Village, NY The Beechwood Organization is nearing completion of 19 luxury condominium homes plus the

Finiki of Largo arranges $13 million loan for self-storage project

Port Jefferson, NY Tim Finiki, vice president of originations at Largo, arranged $13 million in financing for the development of an institutional-quality self-storage facility.

IREON, BOMA host NYC Council candidates webinar

Westbury, NY IREON and BOMA joined forces to host a 90-minute webinar with three prominent candidates for the 2021 New York City Council elections to hear their views on

Town of Hempstead LDC gives final approval for $45m tax-exempt bond sale

Hempstead, NY According to Frederick Parola, CEO of the Town of Hempstead Local Development Corp. (LDC), the economic development agency has given final approval to a