Category: Long Island
Hackett of Metro Realty Services handles four
sales totalling 18,005 s/f - $4.885 million
September 12, 2023
Huntington Station, NY Jeremy Hackett, managing partner / licensed real estate broker of Metro Realty Services, LLC, negotiated four sales transactions.
Community Commercial closes
two retail leases - 2,200 s/f
September 12, 2023
Merrick, NY Community Commercial, under the guidance of broker Todd McIndoo, has concluded two retail lease transactions at 65 Merrick Ave., on behalf of Jam Realty Enterprises LLC from Garden City, NY, the property’s owners.
Hunt Corp. Commercial Real Estate Q&A: Generating cash with a sale-leaseback - by David Hunt
September 12, 2023
Q: Our business has owned and occupied a small office building for over 15 years and we are considering refinancing. Would there be an advantage to a sale-leaseback over refinancing?
Brookhaven IDA closes on economic benefits pact assisting Sunrise Wind transmission project
September 12, 2023
Holbrook, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) said that the agency has closed on an agreement that will provide economic development incentives for Sunrise Wind’s transmission project
Delavale of Breslin Realty leases 3,000 s/f
September 12, 2023
Garden City, NY Breslin Realty signed a long-term lease with Nanos, Gomez & Associates, P.C. Nanos, Gomez are relocating from their Hempstead office to 3,000 s/f at 500 Old Country Rd.
Edwards and Martin of Sahn Ward Braff Koblenz assist client in sale of 10 industrial buildings
September 12, 2023
Uniondale, NY Wayne Edwards, partner, and Eugene Martin, senior counsel, both of Sahn Ward Braff Koblenz PLLC, represented affiliates of Ben Elias Industries Corp. in connection with the sale of 10 industrial buildings in Inwood, Nassau County, totaling 500,000 s/f near
Commercial real estate industry adjusting to new ASTM phase one environmental standards - by Chuck M...
September 12, 2023
As I presented earlier this year, the ASTM E-1527-21 standard for Environmental Site Assessments (ESAs) or more commonly known as a “phase one” was approved in February of 2023. However, the Environmental Protection Agency (EPA) will allow the prior ASTM E-1527-13
Suffolk IDA preliminarily approves investment for Citation Healthcare Labels LLC
September 12, 2023
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist Citation Healthcare Labels, LLC expand its manufacturing and labeling operations within the Innovation Park at Hauppauge. With
Commercial and Industrial Brokers Society of Long Island (CIBS) presents “Meet the Candidates” o...
September 12, 2023
Melville, NY On Wednesday, September 13th, the Commercial and Industrial Brokers Society of Long Island (CIBS) will host a “Meet the Candidates” breakfast, featuring candidates for Suffolk County executive Republican Hon. Ed Romaine and Democrat Dave Calone. The
P.W. Grosser promotes Chaudhry, Pecoraro, Cantillo, Chase and Sommer
September 12, 2023
Bohemia, NY Five P.W. Grosser Consulting, Inc. (PWGC) employees have been promoted.• Usman Chaudhry: Senior project manager from project manager
Hempstead IDA okays development benefits for housing complex in Island Park that would replace water...
September 12, 2023
Hempstead, 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 John Vitale construct a117-unit waterfront apartment
Hidden cost information will reduce real estate taxes - by Brad and Sean Cronin
September 12, 2023
With real estate taxes increasing, owners are being barraged with hidden costs that, when properly analyzed, will decrease their real estate tax obligation. Recently, landlords have been forced to handle a variety of factors that diminish their net operating income (“NOI”). Many of
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