Category: Long Island
Urban Edge Props. signs retail stores to Huntington Commons’ new redevelopment
May 16, 2023
Long Island, NY Urban Edge Properties has signed Burlington to a long-term lease at Huntington Commons. This addition fills a vacancy created when Marshalls relocated to an updated space within the center. Prime Urgent Care has been signed to a 3,112 s/f lease
Brookhaven IDA closes on benefits package for $162 million Yaphank warehouse development
May 16, 2023
Yaphank, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) has closed on a package of economic incentives for a Yaphank warehouse project proposed by a New York City developer.
Racanelli Construction completes $6 million interior construction project for ShopRite
May 16, 2023
Huntington, NY Racanelli Construction Company, Inc. completed an interior construction project for a 65,000 s/f ShopRite supermarket located in the Huntington Commons Shopping Center.
Hunt Corp. Commercial Real Estate Q&A: Would you please explain rentable and useable s/f, and how ar...
May 16, 2023
Q: Brokers seem to quote space as both useable and rentable square footage. Would you please explain rentable and useable square feet, and how are they both calculated?
Cushman & Wakefield arranges 17,731 s/f lease for Trinity Solar
May 16, 2023
Plainview, NY Cushman & Wakefield has arranged a 17,731 s/f lease for Trinity Solar, Inc. at 137 Commercial St. Cushman & Wakefield’s Robert Kuppersmith, Connor Sullivan, Scott Schubert and Dan Johnsen represented the tenant in the transaction.
Strategies for reducing your property taxes in a troubled market - by Margo Tiffen
May 16, 2023
Retail and office owners are facing numerous challenges to remain profitable. During the pandemic, office occupancy rates plummeted due to the combined rise of the gig economy and the shift to remote work. Retail businesses, especially those that support office workers, have
McCoy and Miller join DGNY Commercial team
May 16, 2023
Melville, NY According to DGNY Commercial, two veteran commercial real estate brokers, Dennis McCoy and Marty Miller, have joined its team. Headquartered in Melville, the commercial real estate entity operates on Long Island, Brooklyn, and Queens
Sutton, Shapiro, Abbondandolo and Little of C&W arrange $22 million sale of 5,000 s/f retail propert...
April 11, 2023
East Hampton, NY Cushman & Wakefield has arranged the sale of a 5,000 s/f retail property located at 1 Main St. The final sale price was $22 million. Cushman & Wakefield’s Jordan Sutton, Robert Shapiro, Dan Abbondandolo and Victor Little
JLL Capital Markets closes sale of 34,919 s/f plaza to Serota Properties for Heidenberg Properties
April 11, 2023
Hauppauge, NY JLL Capital Markets has closed the sale of Hauppauge Plaza, a 34,919 s/f, community-focused retail center on Long Island. JLL represented the seller, Heidenberg Properties. Serota Properties acquired the asset.
Don’t miss out on the tax exemption benefits of New York’s Section 485-b - by Margo Tiffen
April 11, 2023
Commercial real estate owners have a strategic advantage when they improve their properties. It only makes sense to take care of your investment and keep up with real estate trends and tenants’ needs. The downside to these improvements is that they can increase the assessed value, and therefore the property tax bill.
Racanelli Construction launches Healthcare Divison
April 11, 2023
Melville, NY Racanelli Construction Company, Inc. has formed a Healthcare Division to meet increasing demand from the healthcare sector. The company has a long tradition in providing its services to hospitals, specialty medical practices, ambulatory surgical centers, rehabilitation facilities, imaging centers, nursing homes and assisted living facilities.
Hunt Corp. Commercial Real Estate Q&A: Choosing the right lease term - by David Hunt
April 11, 2023
Q: What do you recommend as the right lease term for an office lease? A: This is highly dependent on your objectives and the nature of your company. So let’s start with some of the advantages and disadvantages of short- and long-term leases.
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