Category: Long Island

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

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

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

Bohemia, NY Five P.W. Grosser Consulting, Inc. (PWGC) employees have been promoted.• Usman Chaudhry: Senior project manager from project manager

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

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

The sale of real estate held for more than 12 months triggers Capital Gains taxes on the Net Profits of that sale. These taxes may be deferred by participating in a 1031 Tax Exchange, in essence, by purchasing property(s) to replace the one(s) being sold. However, there are stringent rules and timetables that must be complied with. This applies to the sale of commercial or investment property, but not your personal residence

Oceanside, NY Schuckman Realty has arranged the sale of a single tenant leased property at 3200 Long Beach Rd. The property features an 11,500 s/f building on a 26,000 s/f lot with dedicated parking, currently tenanted by an operating “The Learning Experience” which recently commenced a new 15-year lease term for the location

Would there be a better business landscape today for the cannabis industry had Thomas Jefferson’s concept for the U.S. banking system prevailed in 1791? At the inception of our country, there was a bitter rivalry between those that favored states’ rights and those that supported a strong central

Ronkonkoma, NY Colliers, in partnership with TRITEC Real Estate Company, has arranged the second lease at the Station Yards project. A Colliers team led by vice presidents Maria Valanzano and Steven D’Orazio, with the support of Jake Horowitz, associate vice president, represented the landlord and tenant.

Islip, NY A historic homestead in Long Island’s Bay Shore will be the site of a new assisted living and memory care community, Netherbay, financed by a HUD-insured loan from Greystone. This transaction marks the only healthcare construction loan in the United States approved by HUD in 2022, at $25.193 million

Dix Hills, NY American Investment Properties (AIP) president Ron Koenigsberg, sold ‘820 Plaza’ located at 820-826 E Jericho Tpke. for $1.15 million, price per s/f is $267. The retail strip totals 4,300 s/f and is located near the Walt Whitman Shopping Mall. The building was