Category: Long Island
Tierney of Forchelli Deegan Terrana appointed vice president of the Association of Legal Administrat...
September 9, 2025
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
September 9, 2025
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
September 9, 2025
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.
September 9, 2025
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
September 9, 2025
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
September 9, 2025
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
September 9, 2025
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.
Raffa of Island Associates Real Estate leases 2,400 s/f to Platinum Hobbies
September 9, 2025
Middle Island, NY Robert Raffa from Island Associates Real Estate has secured Platinum Hobbies as a new long-term tenant at the Strathmore Commons Shopping Center located at 1245 Middle Country Rd. Platinum Hobbies, one of the larger Hobby Stores located on Long Island
Brookhaven Industrial Development Agency closes on benefits package for proposed 262-unit apartment ...
September 9, 2025
Patchogue, 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 262-unit four-story rental apartment complex that included affordable and workforce
Why sales don’t increase your property taxes in New York - and what to know about selective reasse...
September 9, 2025
A common misconception in New York is that a recent sale — especially a high sale price — will automatically increase the buyer’s property taxes. Under New York law, that’s specifically not how the system is supposed to work. New York’s assessment
As commercial real estate transactions pick up, so do environmental questions - by Chuck Merritt
September 9, 2025
When the current American Society of Testing Materials (ASTM) E1527-21 standard was universally adopted for use in February 2024, commercial real estate was at the low end of the business cycle (to put it gently), and therefore, not as many may have noticed the changes. With higher interest
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
August 26, 2025
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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