Category: Long Island
Marcus & Millichap arranges $4.65 million sale of Walgreens site
September 10, 2024
Amityville, NY Marcus & Millichap brokered the sale of a Walgreens property for $4.65 million. “This location’s lease was recently extended for an additional 12 years, showing the tenant’s commitment to the submarket,” said
Cornucopia Natural Foods leases 6,948 s/f
at TRITEC Real Estate's Station Yards
September 10, 2024
Ronkonkoma, NY TRITEC Real Estate Co. made known the 6,948 s/f lease signing of Cornucopia Natural Foods at Station Yards, the 53-acre mixed-use development at the Ronkonkoma Train Station. Maria Valanzano, Steve D’Orazio, and Jake Horowitz from Colliers represented TRITEC.
Metropolitan Realty Assocs. and TPG Angelo Gordon sell 5-building industrial portfolio for $96 milli...
September 10, 2024
Bayshore, NY Metropolitan Realty Associates LLC (MRA), in partnership with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, has completed the sale of a five-building industrial portfolio located in Suffolk County, Long Island,
Rechler Equity Partners honors brokers of key deals
September 10, 2024
Plainview, NY Rechler Equity Partners hosted its annual ceremony to honor the brokers who helped sustain the company’s record occupancy rates throughout 2023. Honorees gathered at the Rechler Equity headquarters to receive their awards. The honorees accumulated more than 150,000 s/f in lease agreements across the
Colliers leases 35,100 s/f to Stony Brook University Hospital
September 10, 2024
East Setauket, NY Colliers has secured a long-term lease for 35,100 s/f of administrative office space for Stony Brook University Hospital at 31 Research Way in the Stony Brook Technology Center (SBTC). A Colliers team led by vice presidents Maria Valanzano and Steven D’Orazio represented
Hunt Corp. Commercial Real Estate Q&A: The ultimate tool in evaluating leases - by David Hunt
September 10, 2024
The very first step in comparing two or more lease alternatives is to understand the financial impact of each. Of course, there will be subjective considerations in any final decision, but if you do not have an understanding of the financial ramifications, you will not be able to make those subjective decisions
How property taxes can help the sale of commercial property - by Brad and Sean Cronin
September 10, 2024
The lack of transactions in the commercial market has been well documented. Even if rate cuts are in the near future, buyers and sellers must explore every avenue that will facilitate a transaction. While property taxes are typically seen as a negative aspect of owning commercial buildings, they are unavoidable. To navigate
“2024 a Year to Remember, and it is only September” - by Chuck Merritt
September 10, 2024
Earlier this year, I wrote about the recently adopted ASTM E-1527-21 Environmental Site Assessment (ESA) or more commonly known as a “phase one” standard being implemented as the only one now recognized to meet the All-Appropriate Inquiry (AAI) Rule for a purchaser of commercial real estate. Following this standard can
New York must prepare for the storms of tomorrow - by Kevin Paul
September 10, 2024
New York is in the throes of hurricane season. This year, the National Oceanic and Atmospheric Administration predicts an Atlantic hurricane season comprising 17-25 storms, including 4-7 major hurricanes. New York City, Long Island, and the Hudson Valley — as well as parts of New Jersey and Connecticut — recently
Commercial classroom: How banks look at commercial real estate loan requests - by Edward Smith Jr.
September 10, 2024
This column is offered to help educate agents new to commercial and investment brokerage and serve as a review of basics for existing practitioners. Initially when applying for a commercial mortgage on investment property the bank requests a copy of the income and expense statement and a copy of the purchase
Soloway, partner at Certilman Balin, passes away
September 10, 2024
East Meadow, NY According to Certilman Balin, Louis Soloway, a prominent attorney, and partner in the real estate and land use and zoning practice groups has passed. Soloway practiced law for more than 70 years and is leaving behind a legacy of excellence
Empire Adventure Park opens 35,000 s/f
at Samanea New York
August 13, 2024
Westbury, NY Samanea New York, the new retail, entertainment and dining destination located at 1500 Old Country Rd. celebrated the grand opening of Empire Adventure Park, a first-to-market trampoline and active entertainment venue. NYS senator Kevin Thomas, the Nassau County
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