Category: Long Island
Bohler completes $9.2M, 30,000 s/f Jorge Family Healthy Living Center; Designed by Hoffman Grayson A...
August 6, 2019
Huntington, NY Several years ago, the YMCA was running out of space. After five decades of serving the community and growing to thousands of members, the organization sought to expand in order to continue delivering key services. Now, the grand opening of their new $9.2 million, 30,000 s/f...
Property of the Month: Crest Group breaks ground on Setauket Meadows in the Woods; Team includes: Mc...
August 6, 2019
East Setauket, NY Founded in 2005, The Crest Group LLC is a vertically integrated real estate management firm. Their capabilities range from ground-up construction of entire communities, office complexes and retail plazas to owning and managing commercial buildings (office and retail), residential communities, and hotels....
Rechler leases 2,000 s/f micro unit to Technical Glazing Solutions; Khetaguri of Alliance Real Esta...
August 6, 2019
Westhampton, NY Rechler Equity Partners has completed a long-term lease at the first of 13 micro-units at 215 Roger’s Way in the Hampton Business District. Technical Glazing Solutions (TGS), a designer and installer of custom-made windows, will be moving into 2,000 s/f of the business park’s third completed building.
Freedberg of Suffolk Industrial Properties closes three sales totaling $5.36 million
August 6, 2019
West Babylon, NY Michael Freedberg, president of Suffolk Industrial Properties, has arrange three sales totaling $5.36 million. The deals include the following:
• 55 Kean St., West Babylon: Previously owned and occupied by Garal Industries,
Hunt Corp. Question & Answer: Presentation makes the difference
August 6, 2019
Q: We will be placing our industrial building on the market shortly. What should be done to prepare the building for showing to prospective buyers?
Carello of KW Commercial brokers $754,600 sale
August 6, 2019
Valley Stream, NY Rick Carello of KW Commercial completed the $754,600 sale of 28 Brooklyn Ave. The five-unit multifamily dwelling is currently fully occupied and generates a 6.6% cap rate. The seller was Argent LLC and the buyer was K & S Capital Realty, an investment group from Queens.
NAI Long Island arranges three leases totaling 13,623 s/f
August 6, 2019
Kew Gardens, NY NAI LI has brokered three leases totaling 13,623 s/f. In the first lease, Carmine Inserra, principal, and Paul Schneider, senior director of NAI LI, represented the sub-tenant in the lease of 2,000 s/f of office space located at 120-34 Queens Blvd. The sub-tenant, EAC, Inc., leased the space from sub-landlord...
Perna of Newmark Knight Frank arranges four leases - 171,500 s/f
August 6, 2019
Plainview, NY Ralph Perna, executive managing director of Newmark Knight Frank, has arranged four leases totaling 171,500 s/f. The deals include the following: A 25,000 s/f lease at 150 Express St., Plainview to ITM Tool Dist. The lease has an option to purchase. Perna represented the landlord and tenant.
Santaniello and Florio of Stongate handle $400,000 sale of 819 s/f retail property
August 6, 2019
Island Park, NY Stonegate Real Estate has arranged the $400,000 sale of 4451 Austin Blvd. Lauren Santaniello and Dominque Florio of Stonegate represented the buyer and seller of the 819 s/f retail property. Stonegate exclusively represents the buyer (a farm store retail chain out of Florida) in Southern Nassau and Suffolk Counties.
Contract and bid rescission: Be careful when submitting bids and exercise due diligence - by Andrew...
August 6, 2019
Contractors are continually requested by owners to submit non-revocable bids or proposals for construction work whereby the bid or proposal is binding on the contractor for a certain period of time so that the owner can determine which contractor it wants to hire. During this process there are times when a contractor figures out that it underbid...
What is behind the scenes of the Long Island pharmaceuticals industry? - by Ralph Perna
August 6, 2019
Recently, there have been several articles regarding the ever-growing pharmaceutical industry on Long Island. What the articles neglect to mention, however, is the long, expensive process it takes to develop, expand and create a pharmaceutical manufacturing facility. True, over the past 10 years, the pharmaceutical industry, particularly on Long Island....
iLaw named accredited provider status for CLE by the New York State CLE board
August 6, 2019
Garden City, NY iLaw, Inc., a discreet professional consulting consortium for attorneys who seek information, advice, referrals, and collegiality, has been certified by the New York State Continuing Legal Education Board as an accredited provider of continuing legal education in the state of New York.
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