Category: Long Island
Douglas Elliman negotiates four warehouse/industrial sales totaling $18.2 million
October 17, 2023
Hicksville, NY Douglas Elliman Real Estate brokered four sales transaction for a total of $18.2 million. • 85 Bloom- ingdale Rd., Hicksville - a 67,000 s/f warehouse on 3.99 acres sold for $12.05 million.
Rechler Equity leases 101,390 s/f to National Grid at Rechler Business District
October 17, 2023
Medford, NY According to Rechler Equity Partners, one of the largest owners of commercial real estate on Long Island, the first lease agreement at 10 Donald’s Way, a 140,875 s/f industrial building, was the first at the Rechler Business District.
Environmental impact statements at contaminated sites - by Aaron Gershonowitz and Brian Kennedy
October 17, 2023
The New York State Environmental Quality Review Act (SEQRA) requires a review of potential environmental impacts of a project before a proposed project can obtain required approvals. Other environmental statutes require the remediation of contaminated sites.
Heatherwood Luxury Apartments breaks ground
on 428-unit Heritage Westminster
October 17, 2023
West Hempstead, NY Heatherwood Luxury Apartments held a groundbreaking ceremony marking the start of construction on Heritage Westminster, its latest Long Island multi-family development. Located at 111 Hempstead Tpke., Heritage Westminster is the result
Densen and Mayor of Island Assocs. sell 6,000 s/f warehouse for $3.45 million
October 17, 2023
Deer Park NY Lawrence Densen and Christopher Mayor of Island Associates Real Estate have completed the sale of a 6,000 s/f warehouse on 1.55 acres on 955 Long Island Ave.
Moawad of Levin leases 1,400 s/f to Shakti Studio
October 17, 2023
Patchogue, NY Shakti Studio & Spa has leased 1,400 s/f at 35-71 South Ocean Ave. Levin Management Corp. (LMC) serves as exclusive leasing and managing agent for the 23,000 s/f retail property.
Hunt Corp. real estate Q&A: Gotchas - by David Hunt
October 17, 2023
Q: We need to relocate our offices in the next year, and think we have most of the bases covered. Are there any common mistakes that you see on a consistent basis that we may be missing?
Janover joining Armanino, strengthens NYC presence
October 17, 2023
Garden City, NY According to Armanino LLP, one of the 20 largest accounting and business consulting firms in the U.S., Janover, a CPA and advisory firm, is joining Armanino. With offices in Manhattan and Garden City, Janover’s accounting
iBorrow provides $5.1 million for acquisition of 41,000 s/f industrial building
October 17, 2023
Medford, NY iBorrow provided a $5.14 million loan to finance the acquisition of a 41,000 s/f industrial facility. iBorrow was able to structure a customized financing package and close on the transaction quickly, in keeping with the seller’s need
Nowak joins Certilman Balin Adler & Hyman as associate
October 17, 2023
East Meadow, NY Jessica Nowak has joined Certilman Balin Adler & Hyman, LLP as an associate in the commercial lending and banking group. Prior to joining the firm, Nowak was an associate attorney in the commercial lending department at Brown Altman
Arc’teryx leases 3,900 s/f store at Olshan Properties The Gate at Manhasset
October 17, 2023
Manhasset, NY The Gate at Manhasset (The Gate) said that Arc’teryx has opened a new location at the center. The new Arc’teryx store occupies a 3,900 s/f space between lululemon and the new Natuzzi furniture store.
Commercial Classroom: Back to Basics Letter of Intent - by Edward Smith, Jr
October 17, 2023
Our role as agents in a real estate lease transaction is to negotiate all the terms and conditions. The resulting “terms agreed” points are listed in a “Letter of Intent” which is usually sent to the attorney who will be creating the lease
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