Category: Long Island
Town of Hempstead Industrial Development Agency gives preliminary OK to benefits for senior apartmen...
April 8, 2025
North Bellmore, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA) said the agency granted preliminary approval to a package of economic development incentives that will assist a developer in constructing apartments for 55
Hunt Corp. Commercial Real Estate Q&A: Hiring a tenant or buyer broker - by David Hunt
April 8, 2025
You are right to be circumspect about signing an exclusive contract with one broker, but not for the reason you name. Virtually all experienced brokers will have access to every potential available property in the marketplace. Even properties controlled exclusively by other
Suffolk County Industrial Development Agency approves investment for Autronic Plastics expansion
April 8, 2025
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has approved a transaction that will allow Autronic Plastics Inc. a family-owned manufacturer and distributor of specialized molded plastic products and LED lighting fixtures, to renovate,
The power and limits of eminent domain in the state of New York - by Jason Penighetti
April 8, 2025
If you own property adjacent to a main thoroughfare or near a blighted area, chances are you will eventually face a condemnation. Also known as eminent domain, condemnation is a powerful tool that allows governmental entities to acquire private property for projects benefitting the
Commercial classroom: How to list and price investment properties - by Edward Smith Jr.
April 8, 2025
You will need to determine the potential income for this year, subtract from that the projected owner’s expenses to determine the expected net operating income (NOI) for this year. Sounds simple but it’s only the beginning of the process.
National Development expands
senior housing portfolio
March 11, 2025
Smithtown, NY National Development, a leading vertically integrated real estate investment and development firm, made a new senior housing ground-up development and senior housing acquisition, the firm’s first in New Jersey and Long Island respectively.
Seidenberg and Brandel of CBRE arrange
45,000 s/f office lease at 900 Stewart Ave.
March 11, 2025
Garden City, NY In a transaction arranged by CBRE and Paragon Group, Garfunkel Wild P.C., specializing in health care, corporate, and business law, has inked a 45,000 s/f office lease at 900 Stewart Ave. The national law practice will house one of its New York offices on the fourth floor and part of the 250,000 s/f concourse
Sofia promoted to associate at Mojo Stumer Assocs.
March 11, 2025
Greenvale, NY Mojo Stumer Associates has promoted Mason Sofia to associate. Since joining the firm six years ago, Sofia has been a key player in the design and execution of projects across all typologies, bringing creativity and technical expertise to every phase of the process.
Forchelli Deegan Terrana launches tax practice group; Partain and Groman to co-chair
March 11, 2025
Uniondale, NY Forchelli Deegan Terrana LLP (FDT), one of Long Island’s premier law firms, has created a tax practice group. Rachel Partain and Robert Groman will co-chair the practice group. They will be working with Alexander Kerzhner and Lorraine Boss to deliver tax advisory
Brookhaven IDA closes on Middle Island rental apartment project
March 11, 2025
Middle Island, 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 senior rental complex. The closing on Feb. 18, 2025, involved incentives for RA Oak Run LLC, which is owned by an affiliate
Raffa of Island Assocs. brokers 1,470 s/f lease
March 11, 2025
Hauppauge, NY Bob Raffa of Island Associates negotiated a 1,470 s/f office space relocation and lease for James Morgan at 490 Wheeler Rd. James Morgan relocated within the building and expanded his existing footprint at the office building and extended his term. James Morgan is a nurse practitioner specializing in mental
Hunt Corp. Commercial Real Estate Q&A: Tenant expansion alternatives - by David Hunt
March 11, 2025
A: Probably the most common lament that I hear one year after a tenant has occupied new space is that they are already contending with cramped quarters. Many tenants take too little space because of budget constraints, and too many ignore the space needs of the future. So, the concept of expansion alternatives is an important
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