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
