Category: Long Island
Question of the Month: Why do commercial real estate insurance rates continue to rise? - by Jeffrey...
May 4, 2021
Over the past four years, commercial real estate insurance rates have been on an upward trajectory. Perhaps because of the pandemic and more people working from home, the
NY takes next step to transition from LIBOR to SOFR - by Keith Brown and Jerry Lagomarsine
May 4, 2021
New York recently passed into law the Senate Bill 297B/Assembly Bill 164B (the “NY LIBOR Transition Legislation”) to take the next step in transitioning away from
T. Weiss Realty seeing influx of tenants on Long Island from New York City
May 4, 2021
Melville, NY According to Long Island landlord, T. Weiss Realty Corp, it is starting to see an influx of new tenants from New York City.
Gottlieb of Schuckman Realty facilitates two leases at Sunrise Plaza totaling 3,050 s/f
May 4, 2021
Lindenhurst, NY Schuckman Realty has facilitated the leasing of the last two retail spaces available at Sunrise Plaza. 646 Wellwood Ave. was leased to Island Empanada, and
Hunt Corporate collaborates with SVN for 8,000 s/f lease to Pursuit Emergency Vehicles
May 4, 2021
Ronkonkoma, NY According to Hunt Corporate Services, Inc., Pursuit Emergency Vehicles, LLC, has leased 8,000 s/f of industrial space at 50 Roebling Ct. David Hunt, president of Hunt, exclusively represented the tenant.
Chen of FDT appointed to Asian American Bar Association of NY Real Estate Committee
May 4, 2021
Uniondale, NY According to Forchelli Deegan Terrana LLP, Asian American Bar Association of New York (AABANY) president Terrence Shen has appointed Jane Chen a
CDCLI and Conifer Realty begin demolition for new mixed-use development
May 4, 2021
Port Jefferson, NY Community Development Corp. of Long Island (CDCLI) and Conifer Realty, LLC joined the mayor of Port Jefferson Village, Margot Garant; Suffolk’s County executive, Steve Bellone; and other local
P.W. Grosser Consulting welcomes Raphael, Usmonov, Hamilton and Monti
May 4, 2021
Bohemia, NY To meet the continued demand for the services offered by P.W. Grosser Consulting, Inc.’s (PWGC) Engineering and Environmental Units, Pamela Raphael, Jay Usmonov, William Hamilton and Ashley Monti have joined the firm.
Hunt Corp. Commercial Real Estate Q&A: Lease options - by David Hunt
May 4, 2021
Q: Our company is negotiating a long-term lease for a new manufacturing facility. How important is an option to renew or purchase? A: The definition of an option is a provision in an agreement that gives one party the right, but not the obligation, to exercise a right of
Feil’s Org. signs Aegis Capital to 9,134 s/f in Melville
May 4, 2021
Melville, NY Office leasing in New York City’s Long Island suburbs remains strong according to The Feil Org., which has completed several major deals at its projects throughout
O’Hara, Posillico, and Schachner launch new firm: CAMCO Commercial Real Estate
May 4, 2021
Port Jefferson Station, NY CAMCO Commercial Real Estate LLC, a commercial real estate brokerage, announced its founding. Long time colleagues Lorraine O’Hara, Patricia Posillico, and Aric Schachner
Vanderbilt Realty closes on industrial site sale
of 2045 Wellwood Ave in Farmingdale for $3.2 mi...
May 4, 2021
Farmingdale, NY Vanderbilt Realty completed the closing of 2045 Wellwood Ave. The purchase price was $3.2 million, which equates to over $164 per s/f.
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