Category: Long Island
Achieve sustainability and emission compliance goals with alternative fuels and advanced technologi...
May 16, 2023
Building owners and operators across New York are now faced with the need to comply with a host of new emission regulations coming from federal, state, and local governments. There are also industry standards and guidelines intended to reduce CO2 emissions, for example:
Varbero and Casagrande join Forchelli Deegan Terrana as partners in the securities litigation & regu...
May 16, 2023
Uniondale, NY Anthony Varbero and David Casagrande have joined Forchelli Deegan Terrana LLP’s (FDT) as partners in a newly-formed securities litigation & regulation practice group. Varbero and Casagrande co-chair this group.
Michelle Marie Zere of Zere Real Estate Services passes away at 56
May 16, 2023
Ronkonkoma, NY Michelle Marie Zere, a figure in the Long Island commercial real estate industry for over 35 years, passed away on April 2, at the age of 56. Michelle was a beloved daughter, sister, aunt, great aunt, and dear friend for many, who will be missed by all who
Intended vs. incidental third-party beneficiary status - by Bret McCabe
May 16, 2023
During the course of real estate development and construction operations, one issue that may arise during contract negotiation (and potential subsequent litigation) is whether or not the parties intend(ed) to confer beneficiary status to a non-signatory third-party.
Simone Dev. arranges three leases at Post Road Plaza for over 4,000 s/f
May 16, 2023
Port Chester, NY Simone Development Companies has signed on three new retail tenants that have leased more than 4,000 s/f of retail space at Post Road Plaza at 262 Boston Post Rd. The 63,000 s/f strip center, anchored by a 40,572 s/f stand-alone LA Fitness, has been renovated and new signage
Spatola of Realty Connect completes
21,000 s/f office lease at 5 Orville Drive
May 16, 2023
Bohemia, NY Realty Connect Commercial Partners, a division of Realty Connect USA, completed a 21,000 s/f office lease at 5 Orville Dr. JoAnn Spatola of Realty Connect represented the tenant. Chris Costa of Rechler Equity Partners represented the landlord.
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
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