Category: Long Island
PX4 Development opens 14th
Aldi store on Long Island
January 14, 2025
Central Islip, NY PX4 Development celebrated the grand opening of the 14th Aldi store in Long Island, located at 215 Carleton Ave. The new store opened its doors to the community with a celebratory ribbon-cutting ceremony attended by local leaders, community
Cushman & Wakefield arranges Rockefeller
Group’s sale of Candlewood Industrial Park
January 14, 2025
Bay Shore, NY Cushman & Wakefield arranged the sale of Rockefeller Group’s Candlewood Industrial Park, two class A industrial buildings totaling 560,719 s/f at 145 and 158 Candlewood Rd.
Island Assocs. brokers two long-term lease extensions at Strathmore Commons
January 14, 2025
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated a long-term lease extension with FuRong Chinese Restaurant for the 3,180 s/f they occupy at Strathmore Commons. FuRong has been a tenant for over 20 years at Strathmore Commons
Hunt Corp. Commercial Real Estate Q&A: Buying for resale value - by David Hunt
January 14, 2025
I have five criteria for you to consider that will help boost the future value of your real estate. But first and foremost, the building must suit your own needs today. Don’t get so caught up in the investment side of the acquisition that you ignore your company’s business
Brookhaven Industrial Development Agency closes on economic development incentives package for propo...
January 14, 2025
Medford, NY Frederick Braun, chairman of the Town of Brookhaven Industrial Development Agency (IDA), said that the IDA has closed on a package of economic development incentives for a proposed affordable rental apartment complex for adults 55-plus.
Commercial classroom: 2025 goal: Develop your commercial referral business - by Edward Smith Jr.
January 14, 2025
A consistent program is the key to success. Begin with a “sphere of influence” list, literally everyone you know. Prepare a brief letter announcing or reminding people on the list that you are in the commercial and investment real estate brokerage business. Add a few
Know your zone: The tax implications of vacant land in New York City and Nassau County - by Jeremy M...
January 14, 2025
Vacant land in Nassau County and New York City falls under unique rules of taxation regarding how it is assessed and how annual tax bills are calculated. Both jurisdictions are classified as “Special Assessing Units” under Article 18 of the NYS Real Property Tax Law (RPTL).
Suffolk IDA approves investment for Good Meats, LLC/Casanova Market to purchase/renovate 50,000 s/f
January 14, 2025
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has approved a transaction that will allow Good Meats, LLC/Casanova Market Inc. to invest in the purchase and renovation of a 50,000 s/f existing building on 4.6 acres and an adjacent
CBRE arranges sale and financing of 200-unit Sutton Landing at Deer Park
December 31, 2024
Deer Park, NY CBRE, led by the joint efforts of the New York Metro institutional sales team led by Jeff Dunne and Eric Apfel and the CBRE senior housing team led by Aron Will, John Sweeny, Scott Bray negotiated the sale of Sutton Landing
2024 Year in Review: Sean Cronin, Cronin & Cronin Law Firm
December 31, 2024
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2024? Just recently we obtained an 80% reduction on a high-profile property resulting in millions of dollars of tax refunds which will assist in having the property re-developed. This past year, we have assisted numerous major new development
H2M architects + engineers receives AIA Long Island Chapter’s Lifetime Achievement award
December 10, 2024
Melville, NY The American Institute of Architects (AIA) Long Island Chapter awarded architecture and engineering design firm H2M architects + engineers with a Lifetime Achievement Award at the 60th Annual Archi Awards ceremony
Nassau County Industrial Development Agency approves Premiero Cherry plan to construct multi-housing...
December 10, 2024
Hicksville, NY The Nassau County Industrial Development Agency (NCIDA) has approved a transaction for Premiero Cherry LLC for the construction of a multi-family housing project at 33 and 37 West Cherry Ln. The 35,365 s/f building will be on an-unused 0.4-acre parcel and will contain 20 rental units.
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