Category: Long Island
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
Luckman of Forchelli Deegan Terrana elected 2024 IMA Long Island chapter president
May 14, 2024
Uniondale, NY Gerard Luckman, a partner and chair of Forchelli Deegan Terrana LLP’s bankruptcy & corporate restructuring practice group, was elected president of the Institute of Management Accountants’ (IMA) Long Island chapter. His
Suffolk IDA approves $137.4 million investment for The Ferncliff Hotel
May 14, 2024
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist The Ferncliff Hotel – 125 Spagnoli LLC to construct a 402,450 s/f building that will establish a four-story, 299 room luxury
Simone Development Companies renews 23,021 s/f lease with Northwell Health
April 16, 2024
Lynnbrook, NY Simone Development Companies has signed a long-term lease renewal with Northwell Health, Inc. for the entire three-story, 23,021 s/f medical office property located at 733 Sunrise Hwy. Simone Development Companies was represented by in-house leasing and legal teams.
Evernest Commercial R.E. leases 5,004 s/f to Toast Coffee + Kitchen at TRITEC’s Station Yards
April 16, 2024
Ronkonkoma, NY Toast Coffee + Kitchen is set to open a new location at the Station Yards, the mixed-use development situated at the local train station. The 5,004 s/f lease agreement was facilitated by broker and founder Allen Boulos, Richard Cardona, Matthew Sullivan, and Scott Schneider
Suffolk County Industrial Development Agency preliminarily approves investment for 536 Broadhollow R...
April 16, 2024
Melville, NY The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist 536 Broadhollow Realty LLC to construct a 77,000 s/f building that will be used as a warehouse and office space for one to two tenants. With the IDA’s support, 536 Broadhollow Realty will invest more than $11.53 million
Chang of Highcap Group sells 82-room
Comfort Inn Hotel for $14 million
April 16, 2024
Syosset, NY Highcap Group has negotiated the sale of the Comfort Inn Hotel located at 24 Oak Dr. for $14 million. Senior director, Charles Chang represented the seller and purchaser in this transaction. This is the first time the property has traded hands since it was originally developed in 1989.
Metro Realty Services handles three sales totaling $4.65 million
April 16, 2024
Lindenhurst, NY Jeremy Hackett and Andrew Blumenthal of Metro Realty Services, LLC sold 10,023 s/f at 633 N Queens Ave. to V&J Auto for $2.65 million. Hackett and Blumenthal represented the seller, Frank and
Hempstead Industrial Development Agency gives preliminary OK for Floral Park project
April 16, 2024
Floral Park, 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
Huszar joins Forchelli Deegan Terrana as partner
April 16, 2024
Uniondale, NY Thomas Huszar has joined Forchelli Deegan Terrana’s (FDT) corporate and mergers & acquisitions practice group as a partner. Huszar is an experienced business attorney with a diversified corporate
Hunt Corp. Commercial Real Estate Q & A: Cashing in your chips - by David Hunt
April 16, 2024
We have owned a 50,000 s/f warehouse building that houses our distribution business for many years. What is the best way to unlock the equity in the building in this hot real estate market?
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