Category: Long Island
National Development expands
senior housing portfolio
March 11, 2025
Smithtown, NY National Development, a leading vertically integrated real estate investment and development firm, made a new senior housing ground-up development and senior housing acquisition, the firm’s first in New Jersey and Long Island respectively.
Seidenberg and Brandel of CBRE arrange
45,000 s/f office lease at 900 Stewart Ave.
March 11, 2025
Garden City, NY In a transaction arranged by CBRE and Paragon Group, Garfunkel Wild P.C., specializing in health care, corporate, and business law, has inked a 45,000 s/f office lease at 900 Stewart Ave. The national law practice will house one of its New York offices on the fourth floor and part of the 250,000 s/f concourse
Sofia promoted to associate at Mojo Stumer Assocs.
March 11, 2025
Greenvale, NY Mojo Stumer Associates has promoted Mason Sofia to associate. Since joining the firm six years ago, Sofia has been a key player in the design and execution of projects across all typologies, bringing creativity and technical expertise to every phase of the process.
Forchelli Deegan Terrana launches tax practice group; Partain and Groman to co-chair
March 11, 2025
Uniondale, NY Forchelli Deegan Terrana LLP (FDT), one of Long Island’s premier law firms, has created a tax practice group. Rachel Partain and Robert Groman will co-chair the practice group. They will be working with Alexander Kerzhner and Lorraine Boss to deliver tax advisory
Brookhaven IDA closes on Middle Island rental apartment project
March 11, 2025
Middle Island, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the IDA has closed on a package of economic incentives for a proposed senior rental complex. The closing on Feb. 18, 2025, involved incentives for RA Oak Run LLC, which is owned by an affiliate
Raffa of Island Assocs. brokers 1,470 s/f lease
March 11, 2025
Hauppauge, NY Bob Raffa of Island Associates negotiated a 1,470 s/f office space relocation and lease for James Morgan at 490 Wheeler Rd. James Morgan relocated within the building and expanded his existing footprint at the office building and extended his term. James Morgan is a nurse practitioner specializing in mental
Hunt Corp. Commercial Real Estate Q&A: Tenant expansion alternatives - by David Hunt
March 11, 2025
A: Probably the most common lament that I hear one year after a tenant has occupied new space is that they are already contending with cramped quarters. Many tenants take too little space because of budget constraints, and too many ignore the space needs of the future. So, the concept of expansion alternatives is an important
Delisle of Island Assocs. brokers 8,000 s/f lease extension for Dollar Tree at Strathmore Commons
March 11, 2025
Middle Island, NY Roger Delisle of Island Associates negotiated a lease extension with Dollar Tree for the 8,000 s/f they occupy at Strathmore Commons. Dollar Tree has been a junior anchor at Strathmore Commons for over 10 years. The lease extension will keep Dollar Tree in place and provide them with the
InspireDesign Creative Studio completes two projects
March 11, 2025
Garden City, NY InspireDesign Creative Studio completed two projects that have transformed Long Island offices into spaces that inspire, comfort, and foster a sense of wellness. “We are excited to cap a year of projects that make our clients’ spaces more exciting
ASTM Environmental “Phase One Standard” reaches one year anniversary - by Chuck Merritt
March 11, 2025
The American Standard of Testing Materials (ASTM) Environmental Site Assessment (ESA) standard E-1527-21 received approval to be enacted from the EPA on March 14, 2022. The standard also received congressional approval that it also meets the All-Appropriate Inquiry (AAI) Rule. However, the prior standard (E-1527-13) was allowed to
How location shapes property taxes - by Brad and Sean Cronin
March 11, 2025
The timeless saying “location, location, location” remains a fundamental principle in real estate valuation today. However, the way location influences the property tax burden for a commercial property is more complex. Commercial property taxes can differ depending on the taxable jurisdiction in which the property is located. Various factors
Commercial Classroom: Understanding Tenants-in-Common and Delaware Statutory Trusts - by Edward Smit...
March 11, 2025
1031 Tax Deferred Exchanges started over a hundred years ago, in 1921. Generally, when an investment property is sold, one must pay capital gains taxes. With the 1031 Exchange, if another property is bought at that time the capital gains
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