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...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...
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.
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.
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..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.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.
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,”
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: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...