Category: Long Island
Frisoni of Forchelli Deegan Terrana admitted to New York State Bar
June 11, 2024
Uniondale, NY Caroline Frisoni was admitted to the New York State Bar on May 15, 2024 thereby beginning her position as an associate in Forchelli Deegan Terrana LLP’s corporate and mergers & acquisitions practice group. Frisoni has been a law clerk at the firm since the fall
The tax implications of repurposing commercial properties - by Brad and Sean Cronin
June 11, 2024
Repurposing commercial real estate is becoming an increasingly popular trend on Long Island, driven by shifts in market demands, economic pressures, and development strategies. As these properties are transformed from their original commercial uses into residential, mixed-use, or other forms
More contaminated commercial real estate being discovered every day - by Chuck Merritt
June 11, 2024
After thirty years of environmental consulting, I will be the first to admit this statement is a bit overkill. In addition, we have performed thousands of inspections which rendered a “clean” phase one Environmental Site Assessment (ESA). However, the term “clean” is subjective and can mean different things to different
CIBS announces Board appointments for 2025
June 11, 2024
Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS) announce the election of two new members and the re-election of two members to the governing board as the organization looks ahead to another year of growth, advocacy, and regional impact
Commercial Classroom: Office Market - by Edward Smith Jr.
June 11, 2024
“Marker Reports” has reported the U.S. market closed 2023 with office sales being 60% less than 2022. In a CNBC interview with Dan Peebles, CEO of Peebles Corporation, he cited that, “Washington, DC real estate values are down 60 to 70% in commercial office
Island Assocs. brokers two leases at 181 Freeman Ave. - 15,920 s/f
May 14, 2024
Islip, NY Island Associates (IA)negotiated two lease agreements at 181 Freeman Ave. Island Assocs. was able to negotiate a long-term lease with Pickleball Xpress. The new tenant invested resources into converting 9,920 s/f of the building
Breslin Realty introduces two new transit-oriented developments - The Langdon and The Grand at Baldw...
May 14, 2024
Lynbrook, NY Breslin Realty Development Corp. is constructing two multi-family mixed-use projects in Nassau County. These two transit-oriented developments (T.O.D.) entering the Long Island market have been positioned and designed to reinvigorate the
Commercial Classroom: Green update - by Edward Smith Jr.
May 14, 2024
The sun produces radiation, if we get too much sun we get sunburned. Our planet is surrounded by atmosphere, part of which is known as the ozone layer. This ozone layer blocks 90+% of the sun’s radiation from reaching earth.
Racanelli Construction serving as general
contractor for 189-unit Alpine Residential
May 14, 2024
Hicksville, NY Racanelli Construction Company, Inc. is serving as the general contractor on the Alpine Residential 189-unit housing development. This project, which is part of groundbreaking $111.8 million downtown mixed-use revitalization project, will
Brandel and Seidenberg of CBRE
named agent for 1.1 million s/f
May 14, 2024
Lake Success, NY CBRE has been appointed as the leasing agent for the Lake Success Quadrangle, a 1.1 million s/f class A medical and office complex. The 11-building property is home to ProHealth, Northwell Health, NYU Langone, Catholic Health Services,
Hunt Corp. Commercial Real Estate Q&A: Presentation makes the difference - by David Hunt
May 14, 2024
“Sell the sizzle, not the steak” is an age-old axiom of marketing that can be applied to the sale or lease of commercial property. While it is true that no one is going to buy a multi-million-dollar commercial property because it has a beautiful lawn,
Hempstead IDA give preliminary OK to benefits for Valley Stream office to apartment conversion
May 14, 2024
Valley Stream, 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 gut-renovating an office
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