Long Island

Bristol Group nearing completion of 178,134 s/f speculative warehouse within the Long Island Innovation Park at Hauppauge

Commack, NY Bristol Group, Inc. said that the construction of its 178,134 s/f speculative warehouse development located at 49 Mall Dr. is nearing completion. The 10.75-acre property is located within the Long Island Innovation Park at Hauppauge and is less than one mile from Long Island Expwy.

Bayport Funding provides $3.6 million acquisition and construction loan for 6,000 s/f

East Hampton, NY Bayport Funding provided a $3.6 million loan for the acquisition and ground-up construction of 8 Barnes Ave. The Northwest Harbor property lot encompasses more than one acre and will allow for the creation of a 6,000 s/f home with pool and pool

Free-falling office values: A catalyst for property tax challenges - by Margo Tiffen

Certain segments of the U.S. commercial real estate market are facing significant difficulties in recovering from the pandemic, especially office buildings. The news is awash with reports of large office landlords defaulting on loans. Many highly leveraged owners expect significant

Certilman Balin partners with Habitat for Humanity to build home in Riverhead

Riverhead, NY On May 24, Certilman Balin participated in its first-ever Build Day for Habitat for Humanity. Habitat for Humanity of Long Island builds because they believe that everyone, everywhere should have a healthy, affordable place to call

Balaban, Halevi, Johnson, Matchton, Tanenbaum, and Williams accepted into Moritt Hock & Hamroff's summer associates & legal interns program

Garden City, NY Moritt Hock & Hamroff welcome Sidney Balaban, Danielle Halevi, Mary Johnson, Juliette Matchton, Sam Tanenbaum, and Isaiah Williams to its 2023 summer associates & legal interns program. Sidney, Danielle, Mary, Juliette and Sam join

Hempstead Industrial Development Agency reauthorizes incentives package for developer of $212 million 111 Hempstead Tpke. apartment building

Hempstead, NY Frederick Parola, CEO of the town of Hempstead Industrial Development Agency (IDA), said that the agency has reauthorized an economic incentives package for a developer planning to construct a transit-oriented apartment/retail complex on a well-known,

STRATCO Property Solutions awarded PSEG Long Island’s “Multi Family Top Performer”

Uniondale, NY STRATCO Property Solutions has been awarded PSEG Long Island’s “Multi Family Top Performer” for saving energy on large building projects. The New York City-based contractor works with multifamily building

Island Associates negotiates three leases totaling 6,855 s/f

Islip, NY Island Associates negotiated three lease agreements for retail and office space at two properties. Pat’s Carpet has entered a long-term lease for 2,855 s/f of retail/showroom space at 181 Freeman Ave. Pat’s Carpet is relocating its showroom to Freeman Ave. and the landlord is building-out a new showroom and warehouse area for the flooring business.

Commercial classroom: Back to basics - retail properties - by Edward Smith Jr.

Stores may be free standing, found in strip centers, shopping centers or malls. Retailers differ in their preference but have a common concern about finding the right location for their business. A strip center is a single building that has been divided typically into five to 10 stores. The structure allows for reconfiguration of the individual store sizes.

Even in a stagnant market one thing increases - property taxes - by Brad and Sean Cronin

The value of your property has flattened, and rents are not increasing, yet your real estate taxes continue to escalate. The reason for this is because property taxes on Long Island are not solely tied to a property’s current market value. We’ve seen less activity in the