February 21 - March 6, 2017

Digital Edition

Long Island

St. James, NY According to Jack Jawdat of New York Commercial Real Estate (NYCRE), a 2,500 s/f building has been sold at 215 Lake Ave. This exclusive listing by NYCRE was purchased by a medical group who are planning on expanding the building and opening a cancer rehabilitation center at thelocation. “This location was looked…Read More

Plainview, NY The New York Real Estate Journal recently sat down with Howard Rowland, president of EW Howell Construction Group, one of New York’s oldest construction firms, for a question and answer session. Q: EW Howell got its start in the industry as a builder for large mansions across Long Island. How did the company make the…Read More

Holbrook, NY Holliday Fenoglio Fowler, L.P. (HFF) has closed the $81.875 million sale of Broadway Knolls, a 284-unit, garden-style apartment property.  HFF marketed the property along with Select Real Equity Advisors on behalf of the seller, Clarion Partners, LLC, who acted on behalf of a commingled fund advised by the firm.  A private buyer purchased the asset free…Read More

Hauppauge, NY The CBRE team of Phillip Heilpern, Martin Lomazow and Matt Manoogian arranged the $7.4 million sale of 70 Corporate Dr., a 75,000 s/f office/flex property. CBRE represented CSHV Corporate Drive, LLC, a subsidiary of a public pension fund, in the sale of the property to a private investor. Michael Aievoli of JLL represented…Read More

Q: We are selling an industrial building and have multiple offers that are very close. Besides price, how else would you evaluate the offers in making a final decision? A: This has been a common occurrence on Long Island in the last few years (and frustrating for buyers) as increasing demand has chased a dwindling…Read More

Last September we brought you a video briefly discussing easements.  We touched upon the definition, the affected estates, and where to go to find more information. Despite their prevalence, many people lack a clear understanding of easements. Therefore, in this article we will dig deeper into what easements are, how they are created and common…Read More

Garden City, NY Marvin Hartman, executive vice president at Pliskin Realty & Development has brokered three  new leases totaling 3,800 s/f, representing the owner and tenant. They include: • An eight-year lease for a 1,200 s/f space at 737 Hillside Ave., New Hyde Park for new tenant, Fine Nails and owner/landlord, New Hyde Park Stores,…Read More

Patchogue, NY Racanelli Construction Company, Inc., a leading construction management, general contractor and design/build resource for commercial, industrial, retail, medical, pre-engineered and multi-unit residential projects, has completed the addition/renovation of Brookhaven Memorial Hospital’s KNAPP Cardiac Center. The company served as the construction manager on a major renovation of 17,000 s/f on the existing facility, integrating it…Read More

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