Category: Long Island
Stalco Construction and LKMA complete 18,000 s/f MBAC headquarters; Team includes Nelson + Pope and ...
November 5, 2019
Mastic Beach, NY General contractor Stalco Construction and architect, site engineer, and construction manager L.K. McLean Associates’ (LKMA) have completed the new Mastic Beach Ambulance Co. (MBAC) headquarters. The new facility is located at 343 Main St.
Frankel and Gordan of Silber Investment Properties complete $3.45 million sale of 2,950 s/f property...
November 5, 2019
Manorville, NY VG Manorville LLC has acquired a 2,950 s/f property at 485 County Rd. 111 for $3.45 million from CA 485 COUNTY ROAD LLC. The 1.33-acre property is located at Exit 70 of the Long Island Expressway. Stuart Frankel, president - net leased division of Silber...
Cohen of Ashlind Properties arranges two sales totaling $10.67 million
November 5, 2019
Ronkonkoma, NY Richard Cohen, president of Ashlind Properties has brokered two sales totaling $10.67 million. In the first sale, Cohen represented the seller, DEA Land LLC, and the buyer, Hi-Lo Equipment & Service, LLC, in the $5.95 million sale of of 845 South First St.
Hunt Corp. Question & Answer: Subleasing blues - by David Hunt
November 5, 2019
Q: Our company needs to move to larger offices, but we still have nearly two years to go on our existing lease. Subleasing has turned out to be very difficult. What are our options?
A: Your subleasing is probably difficult because of the short term left on your lease.
Zere of Zere Real Estate completes lease deals at Calverton Enterprise
November 5, 2019
Calverton, NY Marie Zere, president & CEO, Zere Real Estate Services has completed a string of leasing deals in the fall quarter of this year within the Calverton Enterprise Industrial Park. “Calverton has been a hotbed of activity due to the lack of industrial space in the...
Nassau IDA approves incentives for Steel Equities’ Mineola project
November 5, 2019
Mineola, NY According to Nassau County executive Laura Curran and Nassau County IDA chairman Richard Kessel, the IDA has approved an economic development incentive package to commercial developer Steel Equities, which has purchased a pair of long-vacant industrial buildings.
Property tax exemptions: Are you paying more property taxes than you should be? - by Erin O'Brien
November 5, 2019
It is no secret that Westchester, Rockland and Nassau Counties have been routinely ranked in the top ten U.S. counties with the highest property taxes, with Suffolk County not far behind. According to the NYS government website, property owners in N.Y. pay 96% more in property taxes than the national median.
Is the trade war with China starting to affect the real estate market? - by Ralph Perna
November 5, 2019
The trade war with China, which officially began in July 2018 when the U.S. implemented its China-specific tariff, collecting a 25% tariff on 818 imported Chinese products, is starting to show its effects with local companies. During previous administrations, I don't remember any of the Presidents....
Believe in mediation: An effective tool to settle construction disputes - by Andrew Richards
November 5, 2019
Many clients and attorneys believe that mediating construction disputes is a waste of money and time for a variety of reasons. Over the years I have been told that the parties are too far apart to settle, the mediator will not have the expertise to conduct a fruitful mediation and it is just a delay tactic by the adverse party.
New York Court of Appeals case flips over tax grievance challengers - by Keith Brown and David Perni...
November 5, 2019
The New York Court of Appeals recently decided a case which will dramatically change the requirements for initiating review of real estate tax assessments, triggering additional concerns that property owners in NYS should consider when drafting lease agreements. In Larchmont Pancake House v. Bd. of Assessors...
How renewables and green technologies mitigate commercial real estate natural gas moratorium - by Na...
November 5, 2019
Renewable and green technologies continue to aggressively integrate and expand throughout the commercial real estate private sector and structured in various asset procurement, investment, and power conservation or cash-flow related assets. From a macro consideration, the industry has...
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