Category: Long Island
Long Island’s office and industrial markets show signs of resilience
November 12, 2024
New York, NY Cushman & Wakefield released its third quarter office and industrial statistics for Long Island, showing that while the office market faces rising vacancy rates, leasing activity remained vigorous over the third quarter; meanwhile, the industrial sector demonstrated strong rental growth
Long Island Fight for Charity to hold main event Nov. 25
November 12, 2024
Melville, NY Long Island Fight for Charity, the nation’s only volunteer charity boxing event, will be hosting its 19th Main Event on November 25. Attendees will gather to watch and cheer on the 15 men and women who will step in the ring to take a punch for charity. Over the last 11
Hunt Corp. commercial real estate question and answer: Forget the price - by David Hunt
November 12, 2024
A: Unless your broker is offering you space wildly out of budget, he is absolutely correct to be ignoring the asking price in showing you current industrial alternatives. Here are the five reasons that this is the right strategy and why you should “forget the price” on your initial
Commercial classroom: Needs Analysis - by Edward Smith Jr.
November 12, 2024
You receive a call from a local business telling you they need to move and want more space. Typically, the agent then asks them how much space they need. The business owner pauses, and then says about 5,000 s/f. Most business owners are not in the real estate business, and they may be guessing about their
Campi-Conde of NAI Long Island leases 9,848 s/f at Riverhead Office Park to Long Island Select Healt...
October 15, 2024
Riverhead, NY NAI Long Island disclosed that Marian Campi-Conde completed a long-term lease transaction for 9,848 s/f of medical office space at the Riverhead Office Park, 877-905 East Main St. on behalf of Long Island Select Healthcare (LISH). Campi-Conde represented the tenant.
Forchelli Deegan Terrana LLP
opens Hauppauge office
October 15, 2024
Hauppauge, NY Forchelli Deegan Terrana LLP opened a Suffolk County office at the 100 Motor Pkwy. This class professional office building is located at the gateway of the Hauppauge Industrial Park, and is accessible off of the LIE and Northern State Pkwy.
Rechler Equity Partners breaks ground
on 91 rental home Greybarn Patchogue
October 14, 2024
East Patchogue, NY Rechler Equity Partners — the owner and operator of the Greybarn Amityville development — broke ground on their newest project, Greybarn Patchogue. The three-story building will feature 91 luxury rental homes supported by modern amenities such as a resort-style pool, clubhouse, community
Real Estate Institute at Stony Brook University College of Business to hold joint panel on Nov. 19
October 14, 2024
Farmingdale, NY The Real Estate Institute (REI) at Stony Brook University (SBU) College of Business announced an upcoming joint panel event on November 19th, 2024. The fall luncheon, titled “Communities Before and After New Multifamily Development - Exploring Empirical Data,” promises an exploration of
Two new entertainment venues, ELEMENTAL and Double Tap Lasser, open their doors at Samanea New York
October 14, 2024
Westbury, NY ELEMENTAL, a MindTravel exhibit by composer/pianist Murray Hidary, and Double Tap Laser, a target shooting range without real firearms or live ammunition have opened at Samanea New York, 1500 Old Country Rd. “Samanea New York is excited to welcome these two new entertainment venues,” said Dominic Coluccio, director
How the Nassau County Industrial Development Agency succeeds in bringing business, housing to the co...
October 14, 2024
Mineola, NY Total Fire Protection, which inspects, installs, and services fire suppression systems, completed extensive renovations to a 31,250 s/f building in Woodbury and moved its operations and 200 jobs from Brooklyn and Bellmore.
Hunt Corp. commercial real estate question & answer: Dual agency - by David Hunt
October 14, 2024
Q: We are in the process of hiring an exclusive broker to represent us in leasing office space for our new corporate headquarters. He mentioned the possibility of dual agency in handling this assignment. What is dual agency and how would it affect us?
Murphy and Khan of ERG Commercial Real Estate deliver $600,000 loan on 8,579 s/f Lynbrook office bui...
October 14, 2024
Lynbrook, NY ERG Commercial Real Estate brokered a $600,000 line of credit on an office building allowing the owner to invest in other properties. The loan was a five-year interest-only floating rate with the flexibility to access funds as needed on the 8,579 s/f office building with 11 units at 347-341 Merrick Rd.
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