Category: Long Island
Alberts appointed vice-chair of New York State Bar Association Trusts and Estates Law Section
February 14, 2023
Uniondale, NY Stephanie Alberts, partner and co-chair of the firm’s tax, trusts & estates practice group of Forchelli Deegan Terrana LLP has been appointed as a vice-chair of the continuing legal education committee of the New York State Bar
P.W. Grosser Consulting hires three new associates and promotes six
February 14, 2023
Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) has hired three new associates for the engineering, environmental, environmental compliance and human resources division. Alejandro Zapata, project engineer at PWGC, has a wealth of experience in construction
Governor Hochul vetos legislation that would increase real estate taxes on condominiums and cooperat...
February 14, 2023
On December 22, 2022, governor Hochul vetoed Senate Bill S5946B, which passed both the Assembly and the Senate by votes of 143-3 and 38-25 respectively. The bill would have changed the valuation methodology mandated by state law for new condominiums and cooperatives
Northmarq arranges $80.084 million in refinancing for Roosevelt Raceway Center - grocery-anchored ce...
February 14, 2023
Westbury, NY Robert Delitsky, senior vice president/managing director of Northmarq’s New York City office collaborated with Charles Cotsalas, senior vice president/managing director of Northmarq’s Long Island office, to arrange $80.084 million
Commercial Classroom - by Edward Smith, Jr.
February 14, 2023
New Year’s Resolutions for Commercial Real Estate Agents 1. Meet two building owners or tenants in your town every day. Systematically meet every business owner in your town. Two a day, ten a week, forty prospective clients/customers a month; you will become “The Commercial
Guarino and Flaccomio of ERG Commercial Real Estate provide $2.5 million refinance for mixed-use
January 17, 2023
West Hempstead, NY ERG Commercial Real Estate through an affiliate, delivered a $2.5 million cash out refinance loan to the owner of a mixed-use property containing 13 apartments and two retail units. The 13,526 s/f, two-story brick property located at 102-110 Hempstead Tpke.
Urban Edge Properties leases 7,299 s/f at Huntington Commons
January 17, 2023
Huntington, NY Urban Edge Properties has signed a total of 7,299 s/f in new leases at Huntington Commons as the center undergoes a multi-million-dollar redevelopment. CycleBar, GOLFTEC and iStretchPlus are moving into space vacated by Outback Steakhouse
Question of the Month: 2022 a year to remember and recession concerns heading into 2023 - How will f...
January 17, 2023
As we end 2022 inflation reached its highest levels since the early 1980s. As a result, elevated inflation, supply chain disruptions, and higher interest rates have contributed to the global downturn.
Stein named managing partner at Certilman Balin Adler & Hyman
January 17, 2023
East Meadow, NY Bernard Hyman has built his career as an established authority on real estate valuation, while simultaneously managing the second largest law firm on Long Island, Certilman Balin Adler & Hyman, LLP.
Brookhaven IDA closes on pact for 59,525 s/f Sunrise Wind facility at 22 Research Way
January 17, 2023
East Setauket, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the agency has closed on an agreement...
Shrenkel hired as new CEO and executive director for Nassau County Industrial Development Agency
January 17, 2023
Mineola, NY The Nassau County Industrial Development Agency (NCIDA) has hired Sheldon Shrenkel to serve as the agency’s new CEO and executive director.
Hunt Corporate Services Commercial Real Estate Q&A: Due diligence for the seller - by David Hunt
January 17, 2023
Q: I have hired a commercial real estate broker to sell our industrial building. The building has two tenants. He is asking for all sorts of information that I feel is part of the due diligence that the eventual buyer, not me, should be doing. Why go hunting for problems?
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