Category: Long Island
Suffolk County Industrial Development Agency approves investment for Broadhollow Road Hotel, LLC
August 13, 2024
Melville, NY The Suffolk County Industrial Development Agency (IDA) has approved a transaction that will allow Broadhollow Road Hotel, LLC to invest in the construction of a 106,016 s/f four-story hotel with 143 rooms and 148 surface parking spots on three acres at 500 Broadhollow Rd.
Marcus & Millichap brokers sale and arranges financing for retail property
August 13, 2024
Rockville Centre, NY Marcus & Millichap negotiated the sale and financing of a single-tenant net-leased TD Bank. The 3,869 s/f asset sold for $7.65 million. Marcus & Millichap Capital Corp. (MMCC) arranged the $3.725 million acquisition financing.
Gonzalez joins Forchelli Deegan Terrana as land use & zoning associate
August 13, 2024
Uniondale, NY Taylor Gonzalez has joined Forchelli Deegan Terrana LLP ’s land use & zoning practice group as an associate. Gonzalez has experience in all aspects of real estate development, including commercial real estate transactions; zoning
Pernick joins Harris Beach’s commercial real estate practice group
August 13, 2024
Uniondale, NY David Pernick has joined Harris Beach PLLC as an associate in the commercial real estate practice group. Pernick represents institutional and private lenders in a multitude of commercial real estate transactions, including acquisitions,
Brookhaven IDA closes on benefits pact for Nassau Provisions expansion
August 13, 2024
Holtsville, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) said that the IDA has closed on an agreement to provide economic development incentives for the planned expansion of a kosher grocery distributor.
Commercial Classroom: Politics and Real Estate - by Edward Smith Jr.
August 13, 2024
I have voted in many local and Presidential elections, and I encourage everyone to vote. Each day now politics is in the news and on social media. The next Presidential election seems to be continuing
Forchelli Deegan Terrana grows with addition of Cronin, Harris & Associates
July 16, 2024
Uniondale, NY Jeffrey Forchelli and John Terrana, co-managing partners of Forchelli Deegan Terrana LLP (FDT), said that the attorneys and staff of Cronin, Harris & Associates, P.L.L.C. (CHA), have joined the firm. The addition of CHA to FDT’s existing Tax Certiorari practice group further
McGuire and Crawford of NAI Long Island
negotiate three sales totaling $6.695 million
July 16, 2024
Islandia, NY NAI Long Island negotiated three sale transactions totaling $6.695 million. Senior director Brian McGuire facilitated the sale of a 30,000 s/f industrial building located at 15 Middle Ave., Holtsville. McGuire
Fetscher of Great American Brokerage sells former The Salt Grill to Alam
July 16, 2024
Glen Cove, NY Paul Fetscher, CCIM, CRX, CLS, president of Great American Brokerage Inc. brokered the sale of the former 160-seat The Salt Grill at 75 Cedar Swamp Rd. Rehan Alam heads the purchasing restaurant
Hunt Corp. Commercial Real Estate Q&A: Caring for a vacant building - by David Hunt
July 16, 2024
Q: We are moving to a new location, and are vacating an industrial building that is currently on the market for sale. It is not practical for us to have an employee stay on site, or regularly travel to the building. Do you have
Federal Realty signs five tenants at Huntington Shopping Center as redevelopment nears completion
July 16, 2024
Huntington, NY According to Federal Realty Investment Trust, Clothes Horse, European Wax, Pacfe Nails, Häagen-Dazs and Street to Table have all signed leases to join Huntington Shopping Center as part of a $75 million redevelopment program. Also opening
JLL sells Baylis 495 Business Park
July 16, 2024
Melville, NY JLL Capital Markets arranged the sale of Baylis 495 Business Park totaling 103,500 s/f. JLL represented the seller, Creation Equity.
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