Category: Long Island
How property taxes can help the sale of commercial property - by Brad and Sean Cronin
September 10, 2024
The lack of transactions in the commercial market has been well documented. Even if rate cuts are in the near future, buyers and sellers must explore every avenue that will facilitate a transaction. While property taxes are typically seen as a negative aspect of owning commercial buildings, they are unavoidable. To navigate
“2024 a Year to Remember, and it is only September” - by Chuck Merritt
September 10, 2024
Earlier this year, I wrote about the recently adopted ASTM E-1527-21 Environmental Site Assessment (ESA) or more commonly known as a “phase one” standard being implemented as the only one now recognized to meet the All-Appropriate Inquiry (AAI) Rule for a purchaser of commercial real estate. Following this standard can
New York must prepare for the storms of tomorrow - by Kevin Paul
September 10, 2024
New York is in the throes of hurricane season. This year, the National Oceanic and Atmospheric Administration predicts an Atlantic hurricane season comprising 17-25 storms, including 4-7 major hurricanes. New York City, Long Island, and the Hudson Valley — as well as parts of New Jersey and Connecticut — recently
Commercial classroom: How banks look at commercial real estate loan requests - by Edward Smith Jr.
September 10, 2024
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Initially when applying for a commercial mortgage on investment property the bank requests a copy of the income and expense statement and a copy of the purchase
Empire Adventure Park opens 35,000 s/f
at Samanea New York
August 13, 2024
Westbury, NY Samanea New York, the new retail, entertainment and dining destination located at 1500 Old Country Rd. celebrated the grand opening of Empire Adventure Park, a first-to-market trampoline and active entertainment venue. NYS senator Kevin Thomas, the Nassau County
Colliers leases 24,409 s/f to OALI at
TRITEC’s 6 Technology Dr.
August 13, 2024
East Setauket, NY Orthopedic Associates of Long Island (OALI) has signed a long-term lease extension at 6 Technology Dr., a building operated by TRITEC Asset Management. The 24,409 s/f transaction was facilitated by Colliers, with vice presidents Maria Valanzano and Steve
Hunt Corp. Commercial Real Estate Q&A: Staying ahead of the curve - by David Hunt
August 13, 2024
Q: We will be placing our professional building on the market shortly. What are some of the steps we can take now to avoid problems in the selling process?A: You are smart to be thinking ahead. Hasty, ill-informed, and costly decisions are often the result
BRP Companies celebrates grand opening
of phase 1 of The Arboretum at Farmingville
August 13, 2024
Farmingville, NY BRP Companies alongside public officials and project partners celebrated the grand opening of phase I of The Arboretum at Farmingville, a 494,000 s/f, 292-unit, garden-style, residential community located at 510 Horseblock Rd. within the town of Brookhaven.
Zago of NAI Long Island represents Spector, Foo, Weissman in 4,334 s/f office lease
August 13, 2024
New Hyde Park, NY Joe Zago of NAI Long Island facilitated a long-term lease for 4,334 s/f of office space at 3333 New Hyde Park Rd. on behalf of Spector, Foo, Weissman, LLP., a Long Island based certified public accounting firm. The landlord is Steel Equities.
NY Axe leases 4,023 s/f at Samanea New York
August 13, 2024
Westbury, NY Samanea New York, the new retail, entertainment and dining destination located at 1500 Old Country Rd., has signed a new lease with NY Axe. The Long Island-based axe throwing range will occupy 4,023 s/f on the second floor of Samanea New York and is expected
Nelson & Pope promotes Gurnick to senior associate
August 13, 2024
Melville, NY Nelson + Pope (N+P), a local engineering, architecture, and surveying firm has promoted Keith Gurnick, RA, LEED AP to senior associate. With this promotion, Gurnick, in addition to overseeing his team, now heads the architectural department and will focus
Bonomo joins Sahn Ward Braff Koblenz Coschignano
August 13, 2024
Uniondale, NY Sahn Ward Braff Koblenz Coschignano welcomed Julianne Bonomo as an associate with the firm. She will concentrate her practice in real estate law and transactions and corporate law
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