Long Island Commercial Property News and Press Releases

2016 Year End Long Island Office and Industrial Market Report just released by Coldwell Banker Commercial Island Corporate Services

Feb 05 2017
15
0

Coldwell Banker Commercial Island Corporate Services has released its 2016 year ending 4th Quarter Long Island Office and Industrial Real Estate Market Reports. Industrial vacancy rate ends at a historic low rate of 2.9%. The industrial vacancy rate started the year at 3.5% and decreased to 2.9% by year end. Quoted industrial asking rents are up over the prior quarter and year.The office vacancy rate started the year at 8.8% and decreased to 7.5% by year end. Quoted office asking rents are up over the prior quarter and year. 2016 FOURTH QUARTER LONG ISLAND INDUSTRIAL SUMMARY The fourth quarter 2016 vacancy rate dropped slightly from the two previous quarters to 2.9%.  Flex properties had a vacancy rate of 5.3% which is a significant increase from the 4.5% vacancy rate of the third quarter 2016.  The warehouse vacancy rate decreased  to  2.7% at the end of the third and fourth quarters in 2016, compared to 2.8% at the end of the second quarter 2016. Vacant industrial sublease space incr ...

Long Island Office and Industrial Market Report for the 3rd Quarter of 2016 just released by Coldwell Banker Commercial Island Corporate Services

Dec 29 2016
2
0

Coldwell Banker Commercial Island Corporate Services has released its 3rd quarter 2016 Long Island Office and Industrial Real Estate Market Reports. Click here to access the 3rd quarter 2016 Long Island Office Real Estate Market Report  Click here to access the 3rd quarter 2016 Long Island Industrial Real Estate Market Report 

LEE ROSNER RECOGNIZED AS BEING AMONG ELITE TOP TWO PERCENT OF PRODUCERS WITHIN COLDWELL BANKER COMMERCIAL FOR 2015

Sep 25 2016
8
0

Islandia, New York (June, 2016) – Lee Rosner of Coldwell Banker Commercial Island Corporate Services has earned a spot in the Elite “Top Two” within Coldwell Banker Commercial® (CBC) for 2015. The “Top Two” designation is reserved for the elite top two percent of producers from among nearly 3,000 CBC-affiliated sales professionals* in the CBC organization. 

Avnet signs 7,606 RSF Office Lease at 102 Motor Parkway, Hauppauge, NY

Sep 23 2016
13
0

Avnet signed a long term lease for 7,606 RSF of office space on the 3rd floor at 102 Motor Parkway, Hauppauge, NY. Avnet is the third high profile tenant this year to lease space at 102 Motor Parkway. Avnet's Electronic Marketing Americas will occupy the space. Occupancy is expected in the 3rd quarter of 2016. The tenant is relocating from 135 Engineers Road, Hauppauge.  Rooted in the sale of radio parts in downtown Manhattan, Avnet was founded in 1921 and has since grown into a leading global distributor​ of electronic components, IT solutions, embedded technology and services. Avnet is a FORTUNE 500 company and it is one of the world’s largest global distributors of electronic components, computer products and embedded technology serving customers in more than 125 countries. Avnet connects the world's leading technology companies with more than 100,000 customers by providing cost-effective, value-added services and solutions. For the fiscal year ending July 2, 2016 Avn ...

Paychex signs 18,550 RSF Office Lease at 102 Motor Parkway, Hauppauge, NY

Aug 24 2016
24
0

Penn Mutual signed a long term lease for 3,750 RSF of office space on the 5th floor at 102 Motor Parkway, Hauppauge, NY. Penn is the second high profile tenant this year to lease space at 102 Motor Parkway. Penn Mutual's Life Planning Group will occupy the space. The tenant relocated from 1393 Veterans Memorial Highway, Hauppauge.  102 Motor Parkway is one of two twin 6 story, class “A” 204,000 square foot office buildings located on 19.6 acres at the gateway to the Hauppauge Industrial Park in Hauppauge New York. The 1,400 acre Hauppauge Business and Industrial Park has more than 80 office buildings and is home to more than 1,600 companies. Long Island Business News ranked 100 - 102 Motor Parkway as one of the top 10 office properties on Long Island. The six-story office building at 102 Motor Parkway features perfectly rectangular floor-plates offering optimal, efficient space for the user. The building shares many of the same superior class A amenities of its "sister" prop ...

Penn Mutual Leases 3,750 RSF at 102 Motor Parkway, Hauppauge, NY

Aug 15 2016
6
0

Penn Mutual signed a long term lease for 3,750 RSF of office space on the 5th floor at 102 Motor Parkway, Hauppauge, NY. Penn is the second high profile tenant this year to lease space at 102 Motor Parkway. Penn Mutual's Life Planning Group will occupy the space. The tenant relocated from 1393 Veterans Memorial Highway, Hauppauge. 102 Motor Parkway is one of two twin 6 story, class “A” 204,000 square foot office buildings located on 19.6 acres at the gateway to the Hauppauge Industrial Park in Hauppauge New York. The 1,400 acre Hauppauge Business and Industrial Park has more than 80 office buildings and is home to more than 1,600 companies. Long Island Business News ranked 100 - 102 Motor Parkway as one of the top 10 office properties on Long Island. The six-story office building at 102 Motor Parkway features perfectly rectangular floor-plates offering optimal, efficient space for the user. The building shares many of the same superior class A amenities of its "sister" property inclu ...

Coldwell Banker Commercial Island Corporate Services Wins 300,000 SF Industrial Property Management Assignment

Mar 01 2016
9
0

Coldwell Banker Commercial Island Corporate Services ("CBCICS") has been appointed Managing Agent for a portfolio that includes two high quality industrial properties located in the City of Clifton, Passaic County, New Jersey. CBCICS will provide a full scope of property management services for a California based investment group. The Clifton Portfolio is comprised of two multi-tenant industrial buildings totaling 288,469 square feet (10 Clifton – 144,005 square feet and 200 Clifton – 144,464 square feet) which were redeveloped in 2004. The extensive capital improvement program was highlighted by new roofs, HVAC, loading, façade, extensive site work and landscaping. The redevelopment strategy focused on creating attractive curb appeal along with flexibility and functionality of the buildings to target 5,000 to 25,000 square foot tenants. The portfolio is presently 100% occupied. The CBCICS property management team is based in Islandia, NY and is lead by Lee Rosner, Managing Principa ...

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