<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Long Island Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[Jack Pierson Studios Pays $1M for Queens Industrial]]></title><link><![CDATA[http://www.costar.com/News/Article/Jack-Pierson-Studios-Pays-$1M-for-Queens-Industrial/148685?ref=/News/Article/Jack-Pierson-Studios-Pays-$1M-for-Queens-Industrial/148685&src=rss]]></link><description><![CDATA[Jack Pierson Studio, an internationally renowned artist, acquired the former knitting mill at 1613 Stephen St. in Ridgewood, NY from Stephen Street Realty for $1.3 million, or about $148 per square foot.

The historic industrial building was delivered in 1931in the Ridgewood section of Queens.  It totals 8,800 square feet and was vacant at the time of sale.

Howard Darsi of Kalmon Dolgin Affiliates, Inc. represented the buyer.  Jean Cook, also...]]></description><author><![CDATA[Joel Sciabarrasi <news@costar.com>]]></author><pubDate><![CDATA[Fri, 24 May 2013 08:46:11 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 19 - 25)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-19-25/148836?ref=/News/Article/CoStars-People-of-Note-May-19-25/148836&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: South Florida, Chicago, Tampa, Los Angeles, and Cleveland.
 
SOUTH FLORIDA
Avison Young Hires Carlo in Miami 
By Justin Sumner

Avison Young, Canada's largest independently-owned <a href="http://www.showcase.com/" target="_blank">commercial real estate</a> services company, has hired Daniel Carlo as a principal in the firm, and managing director of the company's Miami office. In his new role, Carlo will oversee the growth and develo]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 24 May 2013 04:01:22 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Select Top Three Long Island Office Leases Signed in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Select-Top-Three-Long-Island-Office-Leases-Signed-in-Q1-2013/148795?ref=/News/Article/Market-Trend-Select-Top-Three-Long-Island-Office-Leases-Signed-in-Q1-2013/148795&src=rss]]></link><description><![CDATA[The select top office lease signed during the first quarter of 2013 in the Long Island market was at 201 Old Country Rd. in the Western Suffolk submarket.  Reliance First Capital LLC leased 29,080 square feet, represented by CBRE.  Grand Metro Builders of NY, Corp. handled the deal for the landlord.

RTR Financial leased 12,992 square feet at Corporate Commons II on Staten Island.  The Nicotra Group LLC represented the landlord in a direct deal...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 23 May 2013 07:27:06 GMT]]></pubDate></item><item><title><![CDATA[Investor Sells Brooklyn Retail for $2.1M]]></title><link><![CDATA[http://www.costar.com/News/Article/Investor-Sells-Brooklyn-Retail-for-$21M/148684?ref=/News/Article/Investor-Sells-Brooklyn-Retail-for-$21M/148684&src=rss]]></link><description><![CDATA[Western Clarkson Estates 305 LLC acquired the retail building at 305-307 Clarkson Ave. in Brooklyn, NY from a private owner for $2.05 million, or about $173 per square foot.

The 11,880-square-foot building was delivered in 1931 and was fully occupied at the time of sale.

Erik Rodriguez and Derek Bestreich of Marcus & Millichap represented the seller.  Rodriguez, Bestreich and Shaun Riney, also with Marcus & Millichap, represented the buyer.

Please...]]></description><author><![CDATA[Joel Sciabarrasi <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 08:46:04 GMT]]></pubDate></item><item><title><![CDATA[Security Dynamics Acquires Industrial Bldg for $1.1M]]></title><link><![CDATA[http://www.costar.com/News/Article/Security-Dynamics-Acquires-Industrial-Bldg-for-$11M/148673?ref=/News/Article/Security-Dynamics-Acquires-Industrial-Bldg-for-$11M/148673&src=rss]]></link><description><![CDATA[Security Dynamics, Inc. purchased the multi-tenant industrial facility at 217 Knickerbocker Ave. in Bohemia, NY from a private trust for $1.1 million, or about $73 per square foot.

The 15,000-square-foot building was constructed in 1986 and currently is home to two tenants.  The new owner plans to occupy the remaining vacant space at the property.

Michael Zere and Marie Zere with Zere Real Estate Services represented the seller.  Jason Miller...]]></description><author><![CDATA[Joel Sciabarrasi <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 06:21:10 GMT]]></pubDate></item><item><title><![CDATA[R&D Development Sells Brooklyn Industrial Bldg]]></title><link><![CDATA[http://www.costar.com/News/Article/RD-Development-Sells-Brooklyn-Industrial-Bldg/148672?ref=/News/Article/RD-Development-Sells-Brooklyn-Industrial-Bldg/148672&src=rss]]></link><description><![CDATA[Greystone & Co. Inc., a New York-based real estate development and financial services company, purchased the industrial facility at 137-43 N. 10th St. in Brooklyn, NY from R & D Development for $15.8 million, or about $526 per square foot, according to public records.

The five-story, 30,000-square-foot manufacturing building was constructed in 1910.  Greystone has plans to convert this building into a high-end multifamily loft property.

Shay...]]></description><author><![CDATA[Joel Sciabarrasi <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 06:18:30 GMT]]></pubDate></item><item><title><![CDATA[Brooklyn Mixed Use Bldg Trades for $2.1M]]></title><link><![CDATA[http://www.costar.com/News/Article/Brooklyn-Mixed-Use-Bldg-Trades-for-$21M/148666?ref=/News/Article/Brooklyn-Mixed-Use-Bldg-Trades-for-$21M/148666&src=rss]]></link><description><![CDATA[A private investor acquired the eight-unit mixed-use building at 359 Manhattan Ave. in Brooklyn, NY from an individual owner for $2.05 million.  The sale closed in 30 days.

The mixed-use building was delivered in 1928 on 0.05 acres in the North Brooklyn submarket of Kings County.  It was fully leased at the time of sale.

Erik Rodriguez and Derek Bestreich, investment specialists in Marcus & Millichap’s Brooklyn office, represented the seller...]]></description><author><![CDATA[Hector M. Burgos <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 03:41:32 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[Market Trend:  Long Island's Industrial Deliveries, Construction and Inventory]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Long-Islands-Industrial-Deliveries-Construction-and-Inventory/148618?ref=/News/Article/Market-Trend-Long-Islands-Industrial-Deliveries-Construction-and-Inventory/148618&src=rss]]></link><description><![CDATA[During the first quarter 2013, one building totaling 140,000 square feet was completed in the Long Island Industrial market area. 

This compares to one building totaling 4,600 square feet that were completed in the fourth quarter 2012, two buildings totaling 28,750 square feet completed in the third quarter 2012, and 453,061 square feet in three buildings completed in the second quarter 2012.

There were 400,564 square feet of <a href="http://www.showcase.com/industrial-space" target="_blank">Industrial space</a>...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Thu, 16 May 2013 07:04:53 GMT]]></pubDate></item><item><title><![CDATA[Brooklyn Multifamily Portfolio Trades for $23M]]></title><link><![CDATA[http://www.costar.com/News/Article/Brooklyn-Multifamily-Portfolio-Trades-for-$23M/148397?ref=/News/Article/Brooklyn-Multifamily-Portfolio-Trades-for-$23M/148397&src=rss]]></link><description><![CDATA[BCB Property Management and DSA Realty sold 7 three-unit multifamily buildings and 2 five-unit buildings to Thor Equities for $23 million, or approximately $742,000 per unit.

The deal totals 30,000 square feet at 525 - 541 Atlantic Ave. in Brooklyn, NY.  The properties were all constructed between 1900 and 1915 and average about 3,500 square feet each.  The buildings are reported as being newly renovated with refurbished storefronts and interiors...]]></description><author><![CDATA[Alexander Ragonese <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 09:16:26 GMT]]></pubDate></item></channel></rss>