Category: Long Island
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.
Brownfield Cleanup Program: An underutilized tool on Long Island - by Jesse Hiney and Derek Ersbak
July 16, 2024
Long Island is home to about 15% of New York state’s overall population, but only accounts for about two percent of the state’s overall area. With the small footprint, land is a precious commodity. While development can be seen across the island, there are many properties lying vacant,
Raffa of Island Associates leases
1,000 s/f to XTech
June 11, 2024
Bay Shore, NY Robert Raffa from Island Associates leased up a roughly 1,000 s/f unit located in a 10,800 s/f industrial building at 333 North Spur Dr. to XTech Systems. XTech Systems designs and installs FDNY Auxiliary Radio Communication Systems (ARCS). These systems as of 2014 are a required system
Rosner of NAI Long Island negotiates $17.25
million sale of West Shopping Center
June 11, 2024
East Setauket, NY NAI Long Island managing principal Lee Rosner, CCIM, SIOR negotiated the first sale in 54 years of the 41,720 s/f West Shopping Center located at 198-250 Rte. 25A, on behalf of the seller, Dinoffer & Tobias LLC. NAI Long Island served as property manager and leasing agent
Hunt Corp. Commercial Real Estate Q&A: Subleasing blues - by David Hunt
June 11, 2024
Your subleasing is probably difficult because of the short term left on your lease. A lease is a depreciating commodity, with its value falling sharply in the final years. Few companies want to incur the expense of moving, phone installation, computer systems, printing and the like, when these costs can only be
Suffolk IDA preliminarily approves investment and job retention commitment for Leviton Mfg.
June 11, 2024
Hauppauge, NY The Suffolk County Industrial Development Agency (SCIDA) has preliminarily approved a transaction to support Leviton Manufacturing Co., Inc. in retaining and improving their existing global headquarters at 210 N. Service Rd. With the SCIDA’s support, Leviton will commit to a lease extension
Twomey Latham elevates Reichert to partner
June 11, 2024
Riverhead, NY Twomey, Latham, Shea, Kelley, Dubin & Quartararo, LLP has elevated Martha Reichert to the role of partner. She joined the firm in 2020 as an associate. In addition to being partner, Reichert is co-chair of the firm’s land use and zoning group. She
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