Often a lease will have an option for renewal by the tenant. If the option is exercised the Broker is usually entitled to an additional commission. But what happens if the building is sold before the option becomes due? Is the new owner responsible to pay the Brokers commission
Westbury, NY Larry Ross, vice president of Compass commercial real estate division led by Adelaide Polsinelli negotiated a lease execution with SPORTIME Pickleball LLC of a soon-to-open pickleball facility at 575 Merrick Ave. Scheduled to open this fall 2024, the complex will feature 13 new courts
Melville, NY Racanelli Construction Company, Inc. showed their support of the American Heart Association’s Heart Month which is held in February each year. To demonstrate its support Racanelli Construction employees wore red on the first Friday of February
Port Jefferson, NY NAI Long Island, an office of NAI Global, director Marian Campi-Condi and director Michael Corsello represented the sellers 60 Port Jeff LLC in the sale of 60 North Country Rd. The buyers represented themselves.
Inwood, NY Frederick Parola, chief executive of the town of Hempstead Industrial Development Agency (IDA), said that the IDA has given final approval to a package of economic development benefits for a warehouse proposed for a once-polluted site near JFK
Westbury, NY Mark Timpone and Jeremy Hackett of Metro Realty Services, LLC leased 3,730 s/f at 496 Grand Blvd. to Herald East Inc. Timpone and Hacktt represented the tenant and the landlord, 496 Grand Blvd Owner
Uniondale, NY Forchelli Deegan Terrana (FDT) land use & zoning partner Brian Kennedy was appointed to the regional (Long Island) board of the New York League of Conservation Voters
Question: We own an office building on Long Island that house our own offices, as well as several tenants. We recently had a tenant close his doors after only a single year of occupancy. How do we avoid this in the future?
The ASTM E1527-21 Standard went into effect February 13, 2023. Most consultants have spent the last year adjusting to this new standard, spending many hours attending webinars, reading articles,
We’ve now seen an extended period of time when risk and corresponding cap rates at which properties are trading have risen significantly. The reasons behind risk elevation are well known to commercial investors, starting