Category: Long Island
Raffa of Island Associates Real Estate leases 2,400 s/f to Platinum Hobbies
September 9, 2025
Middle Island, NY Robert Raffa from Island Associates Real Estate has secured Platinum Hobbies as a new long-term tenant at the Strathmore Commons Shopping Center located at 1245 Middle Country Rd. Platinum Hobbies, one of the larger Hobby Stores located on Long Island
Brookhaven Industrial Development Agency closes on benefits package for proposed 262-unit apartment ...
September 9, 2025
Patchogue, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the IDA has closed on a package of economic incentives for a proposed 262-unit four-story rental apartment complex that included affordable and workforce
Why sales don’t increase your property taxes in New York - and what to know about selective reasse...
September 9, 2025
A common misconception in New York is that a recent sale — especially a high sale price — will automatically increase the buyer’s property taxes. Under New York law, that’s specifically not how the system is supposed to work. New York’s assessment
As commercial real estate transactions pick up, so do environmental questions - by Chuck Merritt
September 9, 2025
When the current American Society of Testing Materials (ASTM) E1527-21 standard was universally adopted for use in February 2024, commercial real estate was at the low end of the business cycle (to put it gently), and therefore, not as many may have noticed the changes. With higher interest
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
August 26, 2025
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Merrell of Island Associates sells
13,400 s/f warehouse for $3.8 million
August 12, 2025
Deer Park, NY Island Associates Real Estate Inc. negotiated the sale of a prime industrial warehouse located at 609 Acorn St. in the town’s industrial district. The transaction closed at a purchase price of $3.8 million. The property, a well-maintained 13,400 s/f industrial facility situated on
Kleinberg of Tri-State Properties brokers $6.2
million sale of Wading River Medical Center
August 12, 2025
Wading River, NY Ron Kleinberg, president of Tri-State Properties, brokered the sale of the Wading River Medical Center. The sale price was $6.2 million. The four, one-story buildings totaled 30,000 s/f on 4.14 acres with 180 parking spaces. The building was 94% occupied
BDG Architects acquires JRS Architect, expands services
August 12, 2025
Mineola, NY BDG Architects has acquired JRS Architect, PC effective July 1, 2025. Bringing together the talents and resources of these practices will result in a team of over 150 design professionals and expands BDG Architects’ footprint beyond its five offices
Berger of Forchelli Deegan Terrana appointed first vice president of Nassau Lawyer’s Assn. of Long...
August 12, 2025
Uniondale, NY According to Forchelli Deegan Terrana LLP Michael Berger, an associate in the firm’s employment and labor and veterinary practice groups, was appointed first vice president of Nassau Lawyers’ Association of Long Island, Inc.
Brown Altman offers insights and legal strategy behind cold storage development boom in NY CRE marke...
August 12, 2025
Melville, NY As demand for temperature-controlled warehousing surges alongside growth in e-commerce grocery, pharmaceutical distribution and fresh food logistics, Brown Altman LLP published a timely new analysis authored by founding partner Keith Brown and associate
Court rules state cannabis laws preempt Riverhead regulations
August 12, 2025
Riverhead, NY A significant legal decision was handed down in the case of Tink & E, et al. v. Town of Riverhead, et al., where the court ruled that New York State’s cannabis laws preempt certain local zoning regulations imposed by the Town of Riverhead. The ruling
Hunt Corp. Commercial Real Estate Q&A: Property sparkle on a budget - by David Hunt
August 12, 2025
I was once contacted by a property owner who was having difficulty leasing his building. I agreed to inspect the property with him and make suggestions. Before we even entered the building, we had to walk on what was left of a lawn to avoid a bush that had completely overgrown and blocked
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