Long Island

Racanelli Construction Co. completes project for The Learning Experience

Brooklyn, NY Racanelli Construction Company, Inc. completed an interior fit out of a preschool on behalf of the franchisee of The Learning Experience(TLE) located at 465 Pacific St.

Kimco Realty acquires eight properties for $375 million - brokered by JLL for Kabro Assocs.

Long Island, NY JLL Capital Markets has closed the $375 million sale of an eight-property, retail shopping center portfolio in Great Neck, Woodbury, Massapequa Park, Greenvale, West Islip and Syosset. JLL marketed the property on behalf of the seller, Kabro Associates. Kimco Realty acquired the assets.

Hempstead IDA approves benefits pact for Sunrise Assisted Living facility in Oceanside

Oceanside, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA), said the agency approved a package of economic development benefits for an assisted living facility proposed by Sunrise Senior Living in Oceanside.

RC Commercial Partners leases 12,000 s/f at Palm Plaza

Brentwood, NY Ron Epstein of RC Commercial Partners leased two stores at Palm Plaza shopping center. Palm Plaza Grocery Corp, operating as Compare Foods, has opened an 8,000 s/f supermarket.

Hunt Corporate Services Commercial Real Estate Q&A: Zoning research is essential - by David Hunt

Q: We are in the market to buy an industrial building. How concerned should we be with the specific zoning of each property we consider? A: There are a number of concerns in the evaluation of zoning, but the primary one is whether you can lawfully operate your business.

FDT LLP launches condemnation practice group lead by Penighetti

Uniondale, NY Forchelli Deegan Terrana LLP (“FDT”) launched a condemnation practice group. Condemnation, or eminent domain, is the taking of private property by the government for public purposes.

CIBS honors 2022 industry annual award recipients

Woodbury, N.Y. The Commercial Industrial Brokers Society of Long Island (CIBS) recognized some of the industry’s best at their annual awards ceremony.

Guarino and Flaccomio of ERG Commercial arrange $2.1 million

Central Islip, NY ERG Commercial Real Estate, through an affiliate, is funding a $2.1 million refinance loan secured by two commercial strip shopping centers.

N+P/NPV wins at Canstruction LI competition to help local communities

Melville, NY Congratulation to Nelson + Pope/Nelson Pope Voorhis (N+P/NPV) for winning Best Use of Labels during their participation in the design build competition for Canstruction Long Island, where firms from the AEC industry compete in designing and building giant incredible structures that are self-supporting and made entirely out of canned food.

American Inv. Properties sells 2 Larkfield Rd. for $1.75 million

East Northport, NY American Investment Properties (AIP) sold 2 Larkfield Rd. for $1.75 million. The 10,000 s/f mixed-use building is located next to the Northport train station.