In early 2020, the economy was on a steady climb and real estate was humming along. Then came COVID-19. As society adapts to the new norm, so too must the real estate and commercial lending markets. While we all await a vaccine rescue, innovators in the real estate market are developing new ways to mitigate risks and financial exposure
The demand for fiber optic cable had already been growing at a steady pace as more advanced technologies such as 5G, Artificial Intelligence (AI) and the Internet of Things (IoT)require higher bandwidths. According to Reportlinker’s “Fiber Optic Cable Market – Growth, Trends and Forecasts” (2020-2025), the
Uniondale, NY Forchelli Deegan Terrana LLP congratulates Michael Berger, an attorney in the firm’s Employment & Labor practice group, on being virtually installed as treasurer of The Theodore Roosevelt American Inn of Court. Litigation attorneys Russell Tisman and Michael Ciaffa will continue to serve as directors on the Executive Committee.
Melville, NY Brown & Altman, LLP is proud to announce as of October 29th, 2020, they are now known as Brown Altman & DiLeo, LLP. The firm’s new name recognizes partner Michael DiLeo’s, invaluable contributions and commitment.
East Meadow, NY Joseph Ciullo has joined the Banking/Commercial Lending Group of Certilman Balin Adler & Hyman, LLP as an associate. Prior, he was an associate at the Law Offices of Asaf German where he advised and represented clients with transactions related to residential real estate, cooperative and condominium purchases and sales.
Bellport, NY JLL Capital Markets arranged joint venture equity for Rosemont Brookhaven, a 795-unit, garden-style multi-housing property. JLL worked on behalf of Investcorp, to arrange the joint venture equity investment. The JLL team representing the borrower was led by senior managing director Jose Cruz
Long Beach, NY EW Howell Construction Group, one of the New York region’s leading builders, is serving as the general contractor for the Mount Sinai South Nassau’s Long Beach Medical Arts Pavilion at 440 East Bay Dr., which recently broke ground.
Uniondale, NY Peter Agovino, a former partner at Forchelli Deegan Terrana LLP (FDT) in and former co-managing partner of Agovino & Asselta, LLP, passed away on November 16th, 2020. He was 74.
Roslyn Heights, NY The Roslyn Highlands Fire Department (RHFD) station at 270 Warner Ave. is sporting an updated façade of new windows from national manufacturer Crystal Window & Door Systems. Crystal supplied 96 new energy efficient
Commack, NY Planet Fitness, one of the largest and fastest-growing global franchisors and operators of fitness centers in the U.S., has leased 20,000 s/f at Mayfair Shopping Center. Levin Management Corp. (LMC) is exclusive leasing and managing agent for the 221,000 s/f Long Island shopping center. LMC Leasing Representative E.J. Moawad represented the property in negotiating the long-term transaction; Jack Chera of Crown Retail Services (CRS) represented the tenant.