Long Island

Heatherwood celebrates grand opening of Heritage Spy Ring development

South Setauket, NY Heatherwood Luxury Apartments (Heatherwood) celebrated the grand opening of its latest New York metropolitan area development, Heritage Spy Ring Golf Club. Members of the community and golf personalities joined Heatherwood’s management team to mark the unveiling of a property

P.W. Grosser Consulting hires nine

Bohemia, NY Julia Greco, staff engineer, Amy Marigliano, GIS analyst, Kenny McNeill, GIS analyst, Rebecca Reagin, field hydrogeologist, Harry de Haas, staff engineer, Christian Granelli, senior environmental planner, El Jaworski, staff engineer, Chayse Nasiatka, field hydrogeologist, and Corey Reilly, senior engineer

How 2023 market adjustments will impact property taxes - by Brad Cronin and Sean Cronin

As 2023 draws to a close, we’ve seen a number of shifts that have changed the real estate landscape. Many of these market changes directly impact property taxes, which in turn, can change an owner’s bottom line considerably. As we move towards 2024, it’s time to examine what changes can benefit an owner’s property tax case.

Rosner and Crawford of NAI Long Island lease 1,869 s/f at West Shopping Center

East Setauket, NY Managing principal Lee Rosner and senior director Neil Crawford of NAI Long Island negotiated a long-term lease agreement for 1,869 s/f of completely renovated restaurant space to Chico’s Tex Mex at West Shopping Center, 198-250 Rte. 25A.

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.

Lightcap joins Douglas Elliman Real Estate, Commercial Division

Smithtown, NY Mike Lightcap joined Douglas Elliman Real Estate’s Long Island commercial division as a licensed real estate salesperson. A former agent for New York Commercial Real Estate, Lightcap has knowledge of the commercial real estate market across Long Island

Suffolk IDA preliminarily approves investment for 45 Oser Ave. project

Hauppauge, NY The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to assist B9 Oser Owner, LLC in constructing a new warehouse and distribution building at 45 Oser Ave. for its tenant, Max Finkelstein Inc,. a subsidiary of U.S. Autoforce, which is a division of U.S. Ventures, Inc. 

Suffolk IDA preliminarily approves investment for Enclave Southold LLC

Southold, NY The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to assist Enclave Southold, LLC to construct a full-service hotel located at 56655 Main St. With the SCIDA’s support, Enclave will renovate a historic 3,764 s/f home

CIBS Long Island Women break through the “grass” ceiling by hosting first annual golf outing

Smithtown, NY Three years ago, after joining CIBS and becoming a member of the CIBS W committee, Patti Kielawa of Hanover Bank, having successfully won business on the golf course, wanted to bring her passion for golf to

Bayport Funding provides $3.2 million
loan for apartment project

Hempstead, NY Direct bridge lender Bayport Funding provided a $3.2 million acquisition and mid-construction loan for the ground-up development of 1104 Hempstead Ave., in Malverne. Located on a 38,320 s/f plot, this