Category: Long Island
Hempstead IDA approves financial inventives for Prosperity Avenue Holdings LLC/Paul’s Auto Collisi...
June 14, 2022
Garden City, NY According to Frederick Parola, chief executive of the Town of Hempstead Industrial Development Agency (IDA), the agency’s board has
Hunt Corp. Commercial Real Estate Q&A: The Total Cost of Relocation - by David Hunt
June 14, 2022
Q: Can you provide some ballpark costs associated with relocating our company? We’re concerned that these secondary costs may get out of hand.
With aid and relief programs winding down, beware of high property taxes - by Brad Cronin and Sean C...
June 14, 2022
School taxes make up approximately two-thirds of each property tax bill. Two years ago, the onslaught of COVID led to increased spending in almost all of Long Island’s 124 school districts. However,
Gurwin Healthcare System opens $115m Fountaingate Gardens project
June 14, 2022
Commack, NY Gurwin Healthcare System welcomed its first residents to Fountaingate Gardens, a new independent living community for
Rechler Equity Partners assists John’s Crazy Socks in headquarters expansion: 6,070 s/f
June 14, 2022
Farmingdale, NY According to Rechler Equity Partners, John’s Crazy Socks, one of the world’s largest sock
CBRE reps seller and procures buyer in $28.5m sale of 264,482 s/f office building
June 14, 2022
Holtsville, NY CBRE handled the $28.5 million sale of 5000 Corporate Ct., a two-story, 264,482 s/f office building in the hamlet of
G.S. Wilcox & Co. secures $12 million in financing for neighborhood center
May 24, 2022
Plainview, NY G.S. Wilcox & Co. principal David Fryer has secured $12 million in financing in the form of a B Note for a 110,000 s/f neighborhood center. Thrivent Financial provided the original
Lewis of ERG Commercial Real Estate reps. Parco Gas in $1.5 million industrial bldg. sale
May 10, 2022
Bohemia, NY ERG Commercial Real Estate delivered the sale of a Long Island industrial flex building for the asking price of $1.5 million. The 5,688 s/f building at 1589 Lakeland Ave., sold for $263 per s/f. The site sits on a 1.1 acre lot with an outside parking lot with 30 spaces. It is zoned for both
Breslin Realty Development unveils 201-unit The Langdon and acquires Massapequa Plaza
May 10, 2022
Lynbrook, NY Breslin Realty Development Corp. is progressing on its new development project, The Langdon, a 201-unit, 278,014 s/f apartment complex. The Langdon is located directly across from the Lynbrook Long Island Railroad train station
Samanea New York celebrates grand opening of 45,602 s/f 99 Ranch Market at 1500 Old Country Rd.
May 10, 2022
Westbury, NY Samanea New York, the new retail, entertainment and dining destination located at 1500 Old Country Rd., welcomes 99 Ranch Market to its property. A leading Asian grocery store chain based in Buena Park, CA, 99 Ranch has 56 stores
Nassau County IDA completes annual report
May 10, 2022
Mineola, NY The Nassau County Industrial Development Agency (NCIDA) has completed its annual economic and fiscal impact report, which summarizes
Caveat emptor: Due diligence in commercial real estate - by Ron Koenigsberg
May 10, 2022
Caveat emptor is a Latin term meaning, “let the buyer beware.” In commercial real estate transactions, this phrase reminds buyers to complete their
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