LIDC finances a total of $3.874m in SBA 504 loans on Long Island

The Long Island Development Corp. (LIDC) financed a total of 175,000 s/f of commercial real estate as part of total funding of $3.874 million for qualified small business projects in Nassau and Suffolk Counties. Ken Kowalczyk VP lending, financed Ambiance Collections, LLC/Finesse Novelty Corp. specializes in the manufacturing and importing of fashion accessories for distribution. They received a $3.599 million SBA 504 loan as part of a $8.919 million financing package to purchase a 170,000 s/f building on 7.6 acres. The new property is located at 2 Channel Dr. Steve Molfetta, VP lending, financed Island Propane Corp, propane retailer/distributor. Propane has become an alternative to oil and gas. They received a $275,000 SBA 504 loan as part of a $664,348 financing package to purchase land and building located at 2411 Chestnut Ave., Ronkonkoma. The new 5,000 s/f location will enable the creation of six new jobs of the ensuing two years.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.

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The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

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