East Meadow, NY Richard Cronin, a partner in the Tax Certiorari and Condemnation Law Practice Group at Certilman Balin, was named the chairperson of the Tax Certiorari Committee of the Nassau County Bar Association. He represents owners of various types of commercial property in real estate tax review proceedings throughout the state of New York. His thorough knowledge of Nassau County’s tax lien laws has helped property owners in Nassau to obtain further reductions in real estate taxes.
Bohemia, NY To meet increasing demand for its expanding SEQRA division, P.W. Grosser Consulting, Inc. (PWGC) has hired Rebecca Morrow, CFM. Morrow will work in association with PWGC’s newly established NYS Environmental Quality Review Act (SEQRA) Division, which is led by PWGC vice president Kim Gennaro-Oancea, MS, AICP. She joins a PWGC team that is growing to meet client demand for SEQRA-related consulting services that includes the development of Draft and Final Environmental Impact Statements and Environmental Assessment Forms.
Rockville Centre, NY Schuckman Realty welcomed Sam Schertz to their investment sales team. Schertz focuses on the sale of investment properties in the multifamily, mixed-use, retail and development sectors. Schertz will continue to assist the growth of the Schuckman Realty’s Investment Sales Team. Prior, Schertz was an associate director at Avison Young where he focused on the sale and disposition of multifamily and mixed-use assets in the boroughs of NYC.
Delay damages have been a hot topic in construction in New York State for over three decades. These damages could be for extended supervision costs, increased labor wages and additional labor costs caused by inefficient work experienced by contractors caused by owner delays. Up until the seminal case of Corinno Civetta, decided by the New York State Court of Appeals, delay damages were available to contractors who incurred additional costs for labor due to delays caused by the owner.
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. This is a reprint of an article I did in March 2009 at the height of the Great Recession. Given the current economy we see a lot of activity in the leasing arena. Business is on the move, some are growing, some are shrinking; leases expire. Landlords are certainly doing all they can to retain or attract new tenants: reducing rents, forgiving escalations, offering concessions. The landlords fear is vacant space, interruption of their cash flow.
Hampton Bays, NY The first townhomes at the Hampton Boathouses—a luxury, waterfront townhome community by Rechler Equity Partners—are now accepting applications and providing tours. Due to a desirable rental market on Long Island’s East End, the first 16 homes at the Hampton Boathouses will be available for a year-long rent, rather than purchase. With a large percentage of the workforce still working remotely, the two fully furnished model homes have been staged so individuals can visualize their new work/life balance with unmatched views of the Shinnecock Canal.
Smithtown, NY Island Associates Real Estate, Smithtown-based commercial real estate brokers and developers, handled the sale of the Castro Medical Building located at 1056 West Jericho Tpke. and the adjoining lot. The sale price was $1.435 million.
Brightwaters, NY Suffolk Realty Group, Inc. and One Realty Services, Inc. have handled the following transactions: Harry Antario, licensed associate real estate broker of Suffolk Realty Group, Inc. and Patrick Curtis, the corporate broker for locally-based One Realty Services, Inc., have brokered
Bohemia, NY The Commercial Division of Douglas Elliman completed the following transactions: 4875 Sunrise Hwy.: A 26,000 s/f office building sold for $4.15 million. Michael Murphy of DE Commercial represented the seller, Romaz Properties and Greg Mogil of Mogil Realty represented
Q: What is the best way to allow space expansion capability in our lease negotiations? A: Probably the most common lament that I hear one year after a tenant has occupied new space is
