Category: Long Island
Nouvini Property Investments expands portfolio with retail acquisition
October 14, 2024
Greenlawn, NY Nouvini Property Investments, LLC has acquired an 8,400 s/f retail property located at 233 - 243 Broadway.The property was acquired all-cash for $3.05 million and closed within 60 days of contract. Triple Net Brokers represented both buyer and seller in this
Effects of the NAR settlement in New York: Buyer beware - changes to buyer agency agreements - by J...
October 14, 2024
Although the National Association of Realtors (NAR) does not directly affect New York State, the New York State Association of Realtors (NYSAR) is following the lead of NAR and is complying with the terms of the NAR settlement.
Levin Management adds J. Crew Factory at Mayfair Shopping Center
October 14, 2024
Commack, NY J. Crew Factory will be the next new tenant at Mayfair Shopping Center according to Levin Management Corp. (LMC). The fashion and accessories retailer signed a 6,800 s/f lease at the Jericho Tpke. retail destination.
Brown, Altman & DiLeo promotes Szczepanowski to of counsel
October 14, 2024
Melville, NY Brown, Altman & DiLeo, LLP has promoted Lidia Szczepanowski to the position of counsel. The promotion is testament to her dedication, expertise, and the high level of service she provides to the firm’s clients.
Commercial classroom: Who to affiliate with? - by Edward Smith Jr.
October 14, 2024
There are certainly a number of things to consider. Some firms ask each agent to specialize, become an expert in a particular segment of the market, office leasing or industrial sales or perhaps retail site selection. This is fine but sometimes a segment of the market slows down, and there is no activity in your field, and you make
NYC/LI NYSCAR chapter installs 2025 officers and directors
October 14, 2024
Commack, NY The Prato 850 was the setting for the installation of officers and directors of the NYC/LI Chapter of the New York State Commercial Association of Realtors (NYSCAR). The event which attracted almost 100 attendees was held in conjunction with the Long Island Commercial Network and Long Island Board of Realtors.
Marcus & Millichap arranges $4.65 million sale of Walgreens site
September 10, 2024
Amityville, NY Marcus & Millichap brokered the sale of a Walgreens property for $4.65 million. “This location’s lease was recently extended for an additional 12 years, showing the tenant’s commitment to the submarket,” said
Cornucopia Natural Foods leases 6,948 s/f
at TRITEC Real Estate's Station Yards
September 10, 2024
Ronkonkoma, NY TRITEC Real Estate Co. made known the 6,948 s/f lease signing of Cornucopia Natural Foods at Station Yards, the 53-acre mixed-use development at the Ronkonkoma Train Station. Maria Valanzano, Steve D’Orazio, and Jake Horowitz from Colliers represented TRITEC.
Metropolitan Realty Assocs. and TPG Angelo Gordon sell 5-building industrial portfolio for $96 milli...
September 10, 2024
Bayshore, NY Metropolitan Realty Associates LLC (MRA), in partnership with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, has completed the sale of a five-building industrial portfolio located in Suffolk County, Long Island,
Rechler Equity Partners honors brokers of key deals
September 10, 2024
Plainview, NY Rechler Equity Partners hosted its annual ceremony to honor the brokers who helped sustain the company’s record occupancy rates throughout 2023. Honorees gathered at the Rechler Equity headquarters to receive their awards. The honorees accumulated more than 150,000 s/f in lease agreements across the
Colliers leases 35,100 s/f to Stony Brook University Hospital
September 10, 2024
East Setauket, NY Colliers has secured a long-term lease for 35,100 s/f of administrative office space for Stony Brook University Hospital at 31 Research Way in the Stony Brook Technology Center (SBTC). A Colliers team led by vice presidents Maria Valanzano and Steven D’Orazio represented
Hunt Corp. Commercial Real Estate Q&A: The ultimate tool in evaluating leases - by David Hunt
September 10, 2024
The very first step in comparing two or more lease alternatives is to understand the financial impact of each. Of course, there will be subjective considerations in any final decision, but if you do not have an understanding of the financial ramifications, you will not be able to make those subjective decisions
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