Long Island

Hunt Corp. Commercial Real Estate Q&A: Lease enhancement - by David Hunt

Q: We are planning to lease a larger manufacturing facility on Long Island. Our broker says the landlord is going to require “lease enhancement.” What does this mean, and how should it be negotiated?

Hempstead IDA celebrates Amazon agreement for planned warehouse

Hempstead, NY According to Hempstead town supervisor Don Clavin Jr., online retailer Amazon Inc. has agreed to lease a planned warehouse that will be

Delight Restaurant Group acquires 44 L.I. Wendy’s from The Wendy’s Co.

Long Island, NY Delight Restaurant Group completed the acquisition of 44 Wendy’s restaurants on Long Island. As part of the transaction, Delight Restaurant Group plans

Samanea New York welcomes Empire Adventure Park 35,572 s/f deal negotiated by Colliers, TSCG and Woodmont

Westbury, NY Samanea New York, the new retail, entertainment and dining destination located at 1500 Old Country Rd., has signed a 35,572 s/f lease with

IDA of the Month: Brookhaven IDA & LDC close 8 projects in 2020 with $352m invested, 3,042 jobs created/retained

Brookhaven, NY For the Brookhaven Town Industrial Development Agency (IDA) and its Local Development Corp. (LDC), 2020 remained robust, surpassing 2019’s numbers, as

Zere of Zere Real Estate Services closes three leases: 15,500 s/f total

Ronkonkoma, NY Michael Zere, senior vice president at Zere Real Estate Services closed three lease transactions totaling 15,500 s/f.

JK Equities receives approval for Roslyn mixed-use development; design by Mojo Stumer Assocs.

Roslyn, NY Locally-based JK Equities led by father-son duo Jerry and Jordan Karlik, received zoning approval from the Village of Roslyn’s Board of Trustees to construct a mixed-use building at

Question of the Month: Why do commercial real estate insurance rates continue to rise? - by Jeffrey Bernard

Over the past four years, commercial real estate insurance rates have been on an upward trajectory. Perhaps because of the pandemic and more people working from home, the

NY takes next step to transition from LIBOR to SOFR - by Keith Brown and Jerry Lagomarsine

New York recently passed into law the Senate Bill 297B/Assembly Bill 164B (the “NY LIBOR Transition Legislation”) to take the next step in transitioning away from

T. Weiss Realty seeing influx of tenants on Long Island from New York City

Melville, NY According to Long Island landlord, T. Weiss Realty Corp, it is starting to see an influx of new tenants from New York City.