Category: Long Island
Commercial Classroom: Commission Challenges - by Edward Smith, Jr.
March 12, 2024
Our goal as brokers and agents is to be appropriately compensated for the skills that we bring to the transaction. In simple terms, to be paid a full commission for completing a sale or lease of property. At the point of signing a listing or a tenant/buyer representation agreement is when your commission
Law of TRITEC R.E. honored with Suffolk County Public Service Award
February 13, 2024
Hauppauge, NY TRITEC Real Estate Company partner and executive vice president, Kevin Law, has been awarded the H. Lee Dennison Public Service Award. The award, presented by former Suffolk County executive Steve Bellone
Wells Fargo celebrates ribbon cutting
for new Woodbury branch
February 13, 2024
Woodbury, NY On January 17, Wells Fargo employees were joined by Oyster Bay supervisor Joseph Saladino and local leaders from the Syosset Woodbury Chamber of Commerce to celebrate the grand opening of its new bank branch at 7977 Jericho Tpke.
Lucharitos to open 1,500 s/f at
TRITEC’s Station Yards project
February 13, 2024
Ronkonkoma, NY Lucharitos, theTex-Mex chain, is set to open a new location. The restaurant, situated within TRITEC Real Estate Company’s Station Yards project, will lease 1,500 s/f. TRITEC was represented in the transaction
REI at SBU College of Business joint panel - spring luncheon - “Challenges in a Changing Construct...
February 13, 2024
Farmingdale, NY The Real Estate Institute (REI) at Stony Brook University (SBU) College of Business will hold a joint panel event on March 8th at Heritage Club at Bethpage. The spring luncheon, titled “Challenges in a Changing Construction Environment
P.W. Grosser Consulting promotes 10
February 13, 2024
Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) has promoted 10 employees. • Andres Ballares: Project hydrogeologist from field hydrogeologist • Tim D’Agostino, PE: Project manager from senior engineer
Commercial Classroom: Lease protections for landlords, tenants, and broker - by Edward Smith, Jr.
February 13, 2024
Many retailers consider the calendar year as if they bought all of their inventory at the beginning of the year but do not realize their profit until the end of the year. In this case they pay
Metropolitan Realty secures 33,000 s/f
long-term lease with Lumber Plus
February 13, 2024
Ronkonkoma, NY Joe Farkas, CEO and founder of Metropolitan Realty Associates LLC (MRA), executed 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., dba Lumber Plus
Kennedy Funding closes $5 million
loan on Old Westbury estate
February 13, 2024
Old Westbury, NY Kennedy Funding has closed a $5 million loan on a residential estate. The loan proceeds will be used for working capital. There is no debt on the property. Despite setbacks and challenges, Kennedy was able to fill the funding void, providing the necessary capital.
NAI Long Island represents Oakwood Family Partners in sale of 15,000 s/f
February 13, 2024
Mt. Sinai, NY Directors Marian Campi-Conde and Michael Corsello of NAI Long Island represented Oakwood Family Partners, LLC in the sale of the Portview Building, at 28 N. Country Rd. 28 N. Country Road is a 15,000 s/f, multi-tenant office building, situated on a corner acre.
Hunt Corp. Commercial Real Estate Q&A: Six essentials in acquiring real estate by David Hunt
February 13, 2024
Question: We need to expand our office and warehouse and find ourselves back in the real estate market for the first time in 10 years. What are the most important guidelines that you can give us?
Loan officers may be entitled to overtime pay - by Lisa Casa
February 13, 2024
An issue that has been a subject of recent litigation is whether loan officers are entitled to receive overtime pay. It is often the presumption that since loan officers are frequently paid on commissions and, if successful, are paid well in excess of six-figures
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