Category: Long Island

Yaphank, NY Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA) has closed on a package of economic incentives for a Yaphank warehouse project proposed by a New York City developer.

Huntington, NY Racanelli Construction Company, Inc. completed an interior construction project for a 65,000 s/f ShopRite supermarket located in the Huntington Commons Shopping Center.

Q:  Brokers seem to quote space as both useable and rentable square footage. Would you please explain rentable and useable square feet, and how are they both calculated?

Plainview, NY Cushman & Wakefield has arranged a 17,731 s/f lease for Trinity Solar, Inc. at 137 Commercial St. Cushman & Wakefield’s Robert Kuppersmith, Connor Sullivan, Scott Schubert and Dan Johnsen represented the tenant in the transaction.

Retail and office owners are facing numerous challenges to remain profitable. During the pandemic, office occupancy rates plummeted due to the combined rise of the gig economy and the shift to remote work. Retail businesses, especially those that support office workers, have

Melville, NY According to DGNY Commercial, two veteran commercial real estate brokers, Dennis McCoy and Marty Miller, have joined its team. Headquartered in Melville, the commercial real estate entity operates on Long Island, Brooklyn, and Queens

East Hampton, NY Cushman & Wakefield has arranged the sale of a 5,000 s/f retail property located at 1 Main St. The final sale price was $22 million. Cushman & Wakefield’s Jordan Sutton, Robert Shapiro, Dan Abbondandolo and Victor Little

Hauppauge, NY JLL Capital Markets has closed the sale of Hauppauge Plaza, a 34,919 s/f, community-focused retail center on Long Island. JLL represented the seller, Heidenberg Properties. Serota Properties acquired the asset.

Commercial real estate owners have a strategic advantage when they improve their properties. It only makes sense to take care of your investment and keep up with real estate trends and tenants’ needs. The downside to these improvements is that they can increase the assessed value, and therefore the property tax bill.

Melville, NY Racanelli Construction Company, Inc. has formed a Healthcare Division to meet increasing demand from the healthcare sector. The company has a long tradition in providing its services to hospitals, specialty medical practices, ambulatory surgical centers, rehabilitation facilities, imaging centers, nursing homes and assisted living facilities.

Q: What do you recommend as the right lease term for an office lease? A: This is highly dependent on your objectives and the nature of your company. So let’s start with some of the advantages and disadvantages of short- and long-term leases.

East Meadow, NY Dilara Islam (Bayside) joined the Real Property Tax Certiorari Law and Condemnation Litigation Practice Group at Certilman Balin Adler & Hyman, LLP as an associate in the East Meadow office. Prior to joining the firm, Islam was a claims specialist with Nationwide Insurance where she reviewed management and professional liability claims under insurance policies providing coverage for directors and officers, employment practices and cyber matters.