Category: Long Island

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

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

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.

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.

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.

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.

East Meadow, NY Dilara Islam (Bayside) joined the Real Property Tax Certiorari Law and Condemnation Litigation Practice Group at Certilman Balin Adler & Hyman, LLP as an associate in the East Meadow office. Prior to joining the firm, Islam was a claims specialist with Nationwide Insurance where she reviewed management and professional liability claims under insurance policies providing coverage for directors and officers, employment practices and cyber matters.

Long Island, NY Brian Stolar, an attorney in land use, zoning, environmental compliance, real estate development, commercial real estate, and municipal law, is joining Harris Beach PLLC as a senior counsel. Stolar represents real estate developers, small businesses, major corporations and property owners in the development of residential, commercial and industrial properties, and serves as general counsel and special counsel to numerous municipalities and zoning and planning boards.

Of all types of property, the values of office buildings may be the most adversely affected by the pandemic. Accordingly, owners of office buildings should carefully monitor their real estate tax assessments to make sure the valuations reflect the new post-COVID economic reality. 

Melville, NYThe Commercial and Industrial Brokers Society of Long Island (CIBS) has created a new industry designation of professional achievement for highly qualified real estate practitioners with a strong transactional history in brokerage fee-based services.

Melville, NY H2M architects + engineers (H2M) now offers virtual reality (VR) services to their clients. These services include VR modeling of designed spaces that enable clients to “walk” through their buildings long before construction begins.

Southampton, NY BEB Capital (“BEB”), a leading investor and developer of industrial, office, and multifamily assets throughout the East Coast, has secured two lease renewals at 325 Meeting House Ln. totaling 13,952 s/f.