Category: Long Island

NAI Long Island brokers two leases at Brookhaven Professional Center - 4,864 s/f

NAI Long Island brokers two leases at Brookhaven Professional Center - 4,864 s/f

January 16, 2024
Medford, NY NAI Long Island negotiated two leases totaling 4,864 s/f at Brookhaven Professional Center (BPC), 3231-3253 Rte. 112. Senior director Brian McGuire of NAI Long Island negotiated the 1,248 s/f lease agreement with The Nassau-Suffolk School Boards Association
Mayor and Densen of Island Assocs. broker five-year lease with The Law Office of Pat McCarthy ESQ.

Mayor and Densen of Island Assocs. broker five-year lease with The Law Office of Pat McCarthy ESQ.

January 16, 2024
Hauppauge, NY Lawrence Densen and Christopher Mayor of Island Associates brokered a five-year lease agreement with the, The Law Office of Pat McCarthy ESQ. and The accounting office of Richard Eitelberg CPA located @ 330 Motor Pkwy. Both Richard
Olshan Properties’ The Gate at Manhasset reaches 100% leased

Olshan Properties’ The Gate at Manhasset reaches 100% leased

January 16, 2024
Manhasset, NY Olshan Properties said that its shopping center, The Gate at Manhasset (The Gate), is fully leased. This milestone, achieved via 50,000 s/f in newly completed leases, underscores Olshan’s commitment to commercial retail centers as well as the strength of retail
Hunt Corp. Commercial Q&A: Save with Section 1031 exchange - by David Hunt

Hunt Corp. Commercial Q&A: Save with Section 1031 exchange - by David Hunt

January 16, 2024
Q: I own the building that houses my construction business. We are considering purchasing a larger building and moving. My broker suggested a 1031 exchange. How does that work and is it worth the effort?
Hempstead IDA gives preliminary OK to benefits for warehouse to be built near JFK

Hempstead IDA gives preliminary OK to benefits for warehouse to be built near JFK

January 16, 2024
Inwood, NY Frederick Parola, chief executive of the Town of Hempstead Industrial Development Agency (IDA), said that the IDA has given preliminary approval to a package of economic development benefits for a warehouse proposed for a once-polluted site near
Suffolk County IDA approves new affordable housing policy

Suffolk County IDA approves new affordable housing policy

January 16, 2024
Hauppauge, NY The Suffolk County Industrial Development Agency (SCIDA) established a first-of-its-kind Affordable Housing Policy. While other affordable housing policies exist throughout the region, the Suffolk IDA’s is the first to have dedicated provisions
ERG Commercial Real Estate closes on vacant lot at 681 West Jericho Tpke.

ERG Commercial Real Estate closes on vacant lot at 681 West Jericho Tpke.

January 16, 2024
Huntington, NY ERG Commercial Real Estate negotiated the $1.22 million sale of a vacant lot at 681 West Jericho Tpke. The buyer was Connection Auto Sales which is planning to move the business from its present location (529 E Jericho Tpke.) to this location.
TRITEC completes 17,684 s/f expansion and renovation at North Suffolk Cardiology Medical

TRITEC completes 17,684 s/f expansion and renovation at North Suffolk Cardiology Medical

January 16, 2024
East Setauket, NY North Suffolk Cardiology undertook a significant expansion and renovation project at its office located at 45 Research Way. The project included many challenges, and TRITEC Building Company employed many solutions to complete the renovation in an occupied building successfully
Brookhaven IDA closes on East Patchogue apartments

Brookhaven IDA closes on East Patchogue apartments

January 16, 2024
East Patchogue, NY Fred Braun, chairman of the Town of Brookhaven Industrial Development Agency (IDA), said that the IDA has closed on a package of economic development incentives for a proposed workforce apartment rental complex.
Metropolitan Realty Associates secures long-term lease with Lumber Plus

Metropolitan Realty Associates secures long-term lease with Lumber Plus

January 16, 2024
Ronkonkoma, NY Joe Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), has completed a 10-year lease for the entire 33,000 s/f building located at 2175 5th Ave. The lease agreement was inked with Unitta Exotique Woods Corp
Forchelli Deegan Terrana LLP partner Daniel Deegan elected to the Long Island Builders Institute’s Board of Directors

Forchelli Deegan Terrana LLP partner Daniel Deegan elected to the Long Island Builders Institute’s...

January 16, 2024
Uniondale, NY According to Forchelli Deegan Terrana LLP, Daniel Deegan, a partner and chair of the firm’s IDA Benefits and Government Incentives practice group, was elected to the Long Island Builders Institute’s Board of Directors
Commercial Classroom: Creating Opportunities - by Edward Smith, Jr.

Commercial Classroom: Creating Opportunities - by Edward Smith, Jr.

January 16, 2024
As we start thinking about 2024, we need to set our goals for the year and create plans for how to achieve them. What are your goals for yourself, your family, and your business? It is important to write down your goals, as doing so implants them in your subconscious mind. It helps remind
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The evolving relationship of environmental consultants and the lending community - by Chuck Merritt
The evolving relationship of environmental consultants and the lending community - by Chuck Merritt