Long Island

JLL completes $62.5 million
refinance of 150-unit Carlow Wind Watch

Hauppauge, NY JLL Capital Markets has completed the $62.5 million refinancing of Carlow Wind Watch, a newly-constructed multifamily property located at 1721 Motor Pkwy. A JLL Capital Markets team led by senior managing director

Buono of Island Associates brokers $2.85 million sale of former Capital One Bank site

Sayville, NY Richie Buono of Island Associates (IA) procured and negotiated the $2.85 million sale of 160 Main St. which is the 14,000 s/f multilevel former Capital One Bank located on three acres. The purchasers, D’Angrea Brothers LLC, are local investors. The seller, Sayville I 2020, LLC,

Greystone Capital Advisors arranges
$166.2 million loan for The Core at Station Yards

Ronkonkoma, NY Greystone Capital Advisors provided a $166.205 million Freddie Mac-backed permanent loan on behalf of TRITEC Real Estate Company and The Olayan Group to refinance The Core at Station Yards, a newly delivered, 388-unit, mixed-use residential, office and retail

Tierney of Forchelli Deegan Terrana appointed vice president of the Association of Legal Administrators Long Island Chapter

Uniondale, NY According to Forchelli Deegan Terrana LLP, Linda Tierney, the law firm’s director of office management, was appointed vice president of the Association of Legal Administrators (ALA) Long Island Chapter. She will serve a one-year term.

Hunt Corp. Commercial Real Estate Q&A: Picking the right lease term - by David Hunt

One of the major advantages of leasing office space, as opposed to purchasing a building, is an easy exit strategy. When the lease is over, you move out without further obligation. This can be a critical advantage of a short-term lease. Do you have a special project that requires human

Hackett and Timpone of Metro Realty Services sell 5,000 s/f

New Hyde Park, NY Jeremy Hackett and Mark Timpone of Metro Realty Services sold 5,000 s/f at 914 Third Ave., to NYFA Group for $1.725 million. Hackett and Timpone represented the seller, 914 3rd Ave. Corp., and John Mangani of Compas

Commercial Classroom - Back to basics: Site development - by Edward Smith Jr.

Your client wants $1 million for their land. How much is that land really worth? To answer this question requires an analysis of what is the “highest and best” use of the property – what use will produce the most revenue. Then the question becomes will this use be

Tractor Supply Co. opens 40,000 s/f at Islandia Shopping Center

Islandia, NY On July 26th mayor Allan Dorman attended the ribbon cutting ceremony to celebrate the grand opening of Tractor Supply Co. in the Islandia Shopping Center, 1750 Veterans Memorial Hwy.

Newmark sells 143,493 s/f industrial asset - 31 Windsor Place

Central Islip, NY Newmark has arranged the sale of 31 Windsor Pl., a 143,493 s/f industrial asset. The property traded from Brookfield, a global real estate investor, to F.W. Webb Company, one of the largest wholesale distributors of plumbing, heating and HVAC products

Capalbo admitted to New York State Bar; joins of Schroder & Strom as associate attorney

Uniondale, NY Schroder & Strom, LLP said that Diana Capalbo has been admitted to the New York State Bar and has joined the firm as an associate attorney. She earned her bachelor of science from St. John’s University and received her juris doctor from St.