Category: Long Island
Northmarq secures $77 million refinance of four properties
December 13, 2022
Melville, NY Ernest DesRochers, Charles Cotsalas, and Robert Delitsky of Northmarq’s New York and Long Island debt/equity team arranged $77 million in refinancing for four properties located in Melville, Brooklyn, and Garden City. Northmarq structured permanent fixed-rate
PWGC hires Benz and Macharie as associates in the Enviro. Division
December 13, 2022
Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC) hired two new associates. Joining PWGC’s environmental division as field hydrogeologists are Kylie Benz and Jada Macharie.
Racanelli Construction Co. completes project for The Learning Experience
December 13, 2022
Brooklyn, NY Racanelli Construction Company, Inc. completed an interior fit out of a preschool on behalf of the franchisee of The Learning Experience(TLE) located at 465 Pacific St.
Kimco Realty acquires eight properties for $375 million - brokered by JLL for Kabro Assocs.
December 13, 2022
Long Island, NY JLL Capital Markets has closed the $375 million sale of an eight-property, retail shopping center portfolio in Great Neck, Woodbury, Massapequa Park, Greenvale, West Islip and Syosset. JLL marketed the property on behalf of the seller, Kabro Associates. Kimco Realty acquired the assets.
Hempstead IDA approves benefits pact for Sunrise Assisted Living facility in Oceanside
December 13, 2022
Oceanside, NY Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA), said the agency approved a package of economic development benefits for an assisted living facility proposed by Sunrise Senior Living in Oceanside.
RC Commercial Partners leases 12,000 s/f at Palm Plaza
December 13, 2022
Brentwood, NY Ron Epstein of RC Commercial Partners leased two stores at Palm Plaza shopping center. Palm Plaza Grocery Corp, operating as Compare Foods, has opened an 8,000 s/f supermarket.
Hunt Corporate Services Commercial Real Estate Q&A: Zoning research is essential - by David Hunt
December 13, 2022
Q: We are in the market to buy an industrial building. How concerned should we be with the specific zoning of each property we consider? A: There are a number of concerns in the evaluation of zoning, but the primary one is whether you can lawfully operate your business.
FDT LLP launches condemnation practice group lead by Penighetti
December 13, 2022
Uniondale, NY Forchelli Deegan Terrana LLP (“FDT”) launched a condemnation practice group. Condemnation, or eminent domain, is the taking of private property by the government for public purposes.
CIBS honors 2022 industry annual award recipients
December 13, 2022
Woodbury, N.Y. The Commercial Industrial Brokers Society of Long Island (CIBS) recognized some of the industry’s best at their annual awards ceremony.
Guarino and Flaccomio of ERG Commercial arrange $2.1 million
December 13, 2022
Central Islip, NY ERG Commercial Real Estate, through an affiliate, is funding a $2.1 million refinance loan secured by two commercial strip shopping centers.
N+P/NPV wins at Canstruction LI competition to help local communities
December 13, 2022
Melville, NY Congratulation to Nelson + Pope/Nelson Pope Voorhis (N+P/NPV) for winning Best Use of Labels during their participation in the design build competition for Canstruction Long Island, where firms from the AEC industry compete in designing and building giant incredible structures that are self-supporting and made entirely out of canned food.
American Inv. Properties sells 2 Larkfield Rd. for $1.75 million
December 13, 2022
East Northport, NY American Investment Properties (AIP) sold 2 Larkfield Rd. for $1.75 million. The 10,000 s/f mixed-use building is located next to the Northport train station.
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