Long Island

Smith of Smith Commercial Real Estate publishes 12th book

Sandy Hook, CT Ed Smith of Smith Commercial Real Estate has published his 12th book, “Building Your Commercial Real Estate Practice,” and Dearborn publishing has released the second expanded edition...

Dorf of Steven Dorf Properties arranges 3,000 s/f lease in Bohemia

Bohemia, NY Steven Dorf, President of Steven Dorf Properties has arranged a 3,000 s/f lease on behalf of WM Stone and Tile, LLC. The tenant, who specializes in the fabrication and installation of granite and tile, will occupy...

With green opportunities, comes a lot of red tape: Different programs offered by local/state agencies - by Chuck Merritt

When it comes to environmental projects, there are many different programs offered by local and state agencies. They are typically the most desirable during acquisition and redevelopment of a property in which environmental impacts have been discovered.

Tax bills are coming to Nassau and Suffolk Counties – What do they mean for your property? - by Brad and Sean Cronin

In the coming months, both Nassau and Suffolk County property owners will receive significant tax bills. In Nassau County, the first bill will arrive in early October for the school taxes which typically represent 60% to 70% of a property’s burden.

Cruz, Simonelli, O’Hearn, Oliver, Scandalios and Braverman of JLL arrange $17 million sale of 65,970 s/f West Babylon shopping center

West Babylon, NY ShopOne Centers REIT Inc., a leading owner, operator and manager of high-quality grocery-anchored shopping centers, has acquired Hubbards Commons, a 65,970 s/f shopping center for $17 million. The purchase marks ShopOne’s first shopping center in New York, as it continues to grow..

Spiegelman of RIPCO Real Estate reps Century 21 Stores in 68,000 s/f lease

East Garden City, NY According to RIPCO Real Estate, Century 21 Stores has signed a 68,000 s/f lease at Simon Property Group’s Roosevelt Field. RIPCO vice chairman and principal Gene Spiegelman represented Century 21 Stores, his sixth deal with the retailer and third with Simon. The landlord rep was not disclosed.

ACC Real Estate Services brokers three Long Island sales totaling $7.455 million

Mineola, NY ACC Real Estate Services, Inc. has brokered three sales totaling $7.455 million. The first deal was the $4.2 million sale of a 20,000 s/f building at 155 First St., Mineola. The seller was David Liestman of Koeppel Martone Leistman. This buyer of this property was Michael Ambrosino of Ambrosino Consultant Corp.

Hunt Corp. Question & Answer: Measuring space

Q: Brokers seem to quote space as both useable and rentable s/f. Would you please explain rentable and useable s/f, and how are they both calculated? A: The space that a tenant can actually use is called “useable,”

Cohen of Ashlind Properties arranges two leases totaling 46,200 s/f; Also completes a $4.6 million sale in Bayport

Medford, NY Richard Cohen, president of Ashlind Properties, an industrial/commercial realtor, arranged two leases totaling 46,200 s/f and a $4.6 million sale. The deals include the following:

Breslin of Breslin Realty brokers two leases for Greek Xpress totaling 3,158 s/f; Delavale reps landlords

Garden City, NY According to Breslin Realty, Justin Breslin (second-year Hofstra Law student and grandson of Wilbur Breslin, chairman of the board of Breslin Realty) has brokered two long-term leases with Greek Xpress totaling 3,158 s/f...