Professional Documents
Culture Documents
2011
REAL ESTATE AWARDS
For real estate on Long Island, 2010 was transporting products. Though the housing market lagged,
supposed to mark a turnaround. Instead, Plainview-based E.W. Howell kept busy Ronni Tranes, from Coldwell Banker Resi-
home sales remained sluggish, prices con- in 2010 with about $85 million worth of dential Brokerage in Commack, sold
tinued to sink, and construction starts were projects at Brookhaven National Laboratory. 77 units in 2010 for a total of $34. 7 million.
few and far between. The rebound, it Last year, the Babylon IDA closed 10 And then there’s the unstoppable Richie
seems, is still a work in progress. deals, helping to create or retain 800 jobs. Cohen of Ashlind Properties in Haup-
But amidst all the bad news, there were The companies that received tax breaks in pauge. Despite life-threatening illness,
plenty of silver linings. 2010 also pledged to invest $35 million Cohen brokered more than 1.5 million
Projects like the Brookhaven Rail Termi- into buildings and new equipment. square feet of industrial space last year.
nal, which broke ground last year, will be a Just a short walk from the Long Island Here we honor the best in the biz for
boon to business and could help revive Rail Road station, AvalonBay Communities 2010 and hope for a bigger bounce in 2011.
manufacturing here, providing a cheaper, is building a $90 million, 349-unit rental
faster, more economical and cleaner way of complex in the Village of Rockville Centre.
Jack O’Connor
WaxWordsIncorporated
105 Maxess Road, Suite S124, Melville, NY 11747
(631) 574-4433 www.waxwordsinc.com
Choosing a real estate attorney isn’t a game.
Our real estate attorneys offer outstanding legal representation in all aspects of
real estate transactions, including land use and zoning matters, municipal incentives/IDA,
tax certiorari, finance, environmental and condominium and cooperative law.
There is no substitute for quality representation.
The Omni | 333 Earle Ovington Boulevard | Suite 1010 | Uniondale, New York 11553 | 516-248-1700
6 REAL ESTATE AWARDS
Bob Giglione
Brookhaven Rail Terminal
n TOP COMMERCIAL DEVELOPMENT PROJECT
Only 1 percent of Long Island’s freight Toledo-based US Rail and used to transport
currently arrives via rail. According to the New heavy materials like crushed stone used in
York Metropolitan Transportation Council, asphalt production, lumber and other large
freight transportation for the region will jump freight. The project will provide about 60
47 percent over the next 25 years. The construction jobs and about 25 permanent
Brookhaven Rail Terminal will be a boon to jobs and take at least 40,000 trucks off the
business and could help revive manufacturing expressway in its first year of operation.
here, providing a cheaper, faster, more econom- Other partners in the venture include
ical and cleaner way of transporting products. Westbury-based Pratt Industries and Watral &
The rail terminal just south of Exit 66 of the Sons in Bay Shore, Landbridge Intermodal and
Long Island Expressway will be served by D.A. Collins Cos.
Howard Rowland
Commercial Builder
of the Year
Shown: Interdisciplinary Science Building at Brookhaven Lab & Simons Center at Stony Brook University (inset)
E.W. Howell is a well established General Construction and Construction Management firm celebrating
120 years of building excellence in 2011. With offices in Manhattan and headquarters on Long Island, we
provide construction services throughout the region to a diverse group of clients including retail, educa-
tion, government, cultural and healthcare organizations.
E.W. Howell is the proud recipient of the Long Island Business News Real Estate and Development Awards
for the following projects:
Bob Giglione
Motor parkway plaza, Hauppauge
n TOP GREEN PROJECT (PRIVATE)
Quadrangle Properties, the developer of this new 36,000-square-foot
mixed-use project in Hauppauge, has applied for a LEED Gold rating. A
solar photovoltaic system installed on the building’s roof captures sunlight
from 360 degrees, providing more than 25 percent of the power for the
center’s common areas including the lights in the parking lot.
The shopping center was built with renewable materials, and recycled
materials from the former buildings on the site were incorporated into
construction.
Gary Schacker and David Abel Jack Kulka
HELPING YOU
REACH FOR
Acquisitions Analysis
THE SKY Financial Reporting
Tax Planning
This is what our Real Estate Group is all about.
Cost Segregation Studies
As one of the largest firms in the country serving real estate
and construction clients, we can be instrumental in helping
you gain better control of your costs and operate more
profitably and productively.
SUPERIOR
THINKING.
UNMATCHED
INTEGRITY.
For more information, contact Holtz Rubenstein Reminick LLP
Jerry Glassman, CPA 125 Baylis Road, Melville, NY 11747
(631) 752-7400 1430 Broadway, New York, NY 10018
JGlassman@hrrllp.com www.hrrllp.com
“Success is a journey, not a destination.”
– BEN SWEETLAND
Rob Salvatico
12 REAL ESTATE AWARDS
Grand Opening
T HE B R ISTAL ASSIST E D L IVING
East Northport
HEALTHY. ACTIVE. LIVING.
IVING. Residents are currently moving into the newest addition to
our Assisted Living Communities. Expanding into East Northport helps us address the need Suffolk County
families have to find Senior Living solutions that are the caliber of The Bristal. When you visit The Bristal
– no other community compares. It’s more than luxury living & dining. More than delightful activities. It’s
find us on
blog.thebristal.com thebristal.com facebook
Fairhaven Apartments
n TOP MULTIFAMILY SALE
Raymour & Flanagan, Central islip
Plainview-based Eagle Rock Management acquired 1,666 Fairhaven
n TOP INDUSTRIAL SALE garden apartments from the Nelkin family last year for about $229.7
million in one of the largest apartment deals ever on Long Island.
Richard Cohen of Hauppauge-based Ashlind The Fairhaven apartment complexes, located in Carle Place,
Properties and colleague Michael Landsman brokered the Hicksville, Mineola, Nesconset and Woodbury, weren’t on the market.
$21 million sale of a 248,000-square-foot building in Eagle Rock, owned by Mark and Adam Seelig, already owns and
Central Islip to furniture retailer Raymour & Flanagan. manages 12 apartment communities in Nassau and Suffolk, including
The seller was Jeffrey Rosmarin, who had leased the those in Seaford, Levittown, Freeport, North Bellmore, Copiague,
property to Raymour & Flanagan with a two-year option Rockville Centre and Huntington Station.
to buy. The building, with 40 loading docks and 40-foot John Thomas of Select Realty Investment Advisors in Smithtown
ceilings, was once a warehouse for Seaman’s Furniture. represented Eagle Rock in its acquisition of the portfolio.
BuschAssociates
Architecture + Engineering + Interiors
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Go to
QUADRANGLE PROPERTIES LLC
David Abel Gary Joel Schacker www.libn.com
AvalonBay Congratulates All the
2011 Real Estate Award Honorees
Marchon Eyewear
n TOP OFFICE LEASE
The Marchon Eyewear lease of 76,000 ple worldwide, with about 500 on Long Island.
square feet at 201 Old Country Road in Ray Finkelstein of United Realty and attor-
Melville was the largest office lease of 2010. ney Peter Curry of Farrell Fritz represented
The company, one of the world’s largest Marchon in the deal.
manufacturers and distributors of eyeglasses Owner Grand Metro Builders, headed by
and sunglasses, will use the space as its global John Cacoulidis, was represented by Daniel
headquarters. Marchon markets its products Dornfeld of Dornfeld & Nasis. Grand Metro
under designer names such as Calvin Klein, acquired the 217,000-square-foot building in
Diane von Furstenberg, Nautica and Michael June through a mortgage auction.
Kors. The company employs about 2,300 peo-
Bob Giglione
Ray Finkelstein
Attorneys at Law
QReal E state / Zoning / Land Us e
QLitigation
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Long Island Manhattan
445 Broad Hollow Road 245 Park Avenue, 24th Floor
Melville, NY 11747 New York, NY 10167
Tel: 631-393-6220 Tel: 212-922-9545
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REAL ESTATE AWARDS 17
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e-alert
global Tissue
n TOP INDUSTRIAL LEASE
Global Tissue Group’s long-term lease for a and was assisted by Ashley Cohen. The land-
232,135-square-foot building in Yaphank was lord, Melville-based Rechler Equity Partners, OUR TWICE DAILY
2010’s largest industrial lease. was represented in-house by Harry Stavro. NEWS ALERT IS FREE.
The building was formerly occupied by Global Tissue produces private-label toilet
Whitman Packaging, an affiliate of Estee tissue, paper towels and facial tissue for stores
Lauder, which left the property at the end of that market them under their own brands. The
2009. It was built on 29 acres in 1989 by Estee company has its plant and headquarters on an
Lauder and sold to Reckson Associates in 1995. adjacent 23 acres that it purchased in 2008 in
Richard Cohen, president of Hauppauge- another deal arranged by Cohen.
based Ashlind Properties, represented Global
Lowe Properties is transforming the 80- the Village of Westbury’s off-street parking
year-old blighted cinema on Post Avenue into requirements.
a sparkling new performing arts center and Since the redevelopment hinged on providing
plaza. The project includes retail shops on the more parking, the village pitched in by granting
ground floor and apartments above. a parking variance and also allowed Lowe to
Lowe bought the theater in 2004 for $1.65 lease 160 parking spots in a nearby village-
million. But renovations on the building had owned lot on Madison Avenue and Belmont
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been stalled because the plans failed to meet Street.
libn.com
G R A S S I R E A L E S T A T E N I C H E P R A C T I C E
E.W. Howell
n COMMERCIAL BUILDER OF THE YEAR
In another slow year for new construction on Howell so far is constructing three of the five
Long Island, Plainview-based E.W. Howell buildings planned around the new light source
kept busy with about $85 million worth of structure, each with its own access to the ring
projects at Brookhaven National Laboratory. that will be able to produce X-rays 10,000
Besides the new buildings at Light Source II times brighter than BNL’s current synchrotron
awarded to Howell last August, the company light source.
has two other new projects under way at BNL. The 119-year-old company worked on
One is the $46 million Interdisciplinary buildings at the lab in the 1970s. Since 2004,
Science Building, an 87,000-square-foot LEED Howell has already completed about
certified Gold facility, and a $15 million expan- $70 million worth of construction there.
sion of the Central Chilled Water facility.
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REAL ESTATE AWARDS
Bob Giglione
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A tradition of success since 1927
Hempstead iDA
n IDA OF THE YEAR (NASSAU)
When part of the state’s industrial development agency law
expired three years ago, it shut off the flow of cash for building at
schools, hospitals and other not-for-profits, shelving billions in
shovel-ready IDA construction projects statewide.
But following the lead of the Hempstead IDA, several Long
Island IDAs got around the problem by forming local development
corporations, or LDCs, community-based authorities that can issue
tax-exempt bonds for financing.
Hempstead’s LDC helped finance a bunch of nonprofit projects
in the past couple of years, including $31 million for dorms at
Adelphi University in Garden City and about $50 million for dorms
and a campus center at Molloy College in Rockville Centre.
Babylon iDA
n IDA OF THE YEAR (SUFFOLK)
While most IDAs’ tax breaks start at 50 percent and last 10 years,
the Babylon IDA offers a 60 percent starting reduction in property
taxes that last for a period of 12 or 15 years.
Last year, the Babylon IDA closed 10 deals, helping to create or
retain 800 jobs. The companies that received tax breaks in 2010 also
pledged to invest $35 million into buildings and new equipment.
Some of the companies assisted by Babylon IDA tax breaks
included Viacom Computer Services in Farmingdale with 50
employees, Action Envelope in Lindenhurst with 30 employees and
FragranceNet in Deer Park with 110 employees.
POT HOLES! GOT THE PARKING LOT BLUES?
Dumor offers the complete asphalt maintenance program.
ASPHALT PAVING
Complete asphalt installation from grading and stone base to paving.
ASPHALT PATCHING
Prevents liability from injury
due to pot holes.
ASPHALT SEALCOATING
Prolongs the life on your payment and
gives it a new look year after year.
POWER SWEEPING
Removes unsightly debris and
keeps areas neat and clean.
CRACK FILLING
Seals existing cracks from water and ice
(rubberized or hot tar materials).
DRYWELLS
Simple drywells to complete
drainage systems.
CONCRETE
Curbs and flat work.
EXCAVATION
Complete site work from removal
1-800
of trees to grading of parking lots.
FREE ESTIMATE
ASPHALT
The only # you need to know for
ALL parking area needs!
Bob Giglione
Daniel gale Sotheby’s
international,
Cold Spring Harbor
n RESIDENTIAL REAL
ESTATE OFFICE OF THE
YEAR (SUFFOLK)
Always a top producing office, Daniel
Gale Sotheby’s International in Cold
Spring Harbor racked up $206.5 million
in sales last year.
www.weisermazars.com
WeiserMazars LLP:
Turning the science of business into an art
Bob Giglione
WE’VE GOT
YOU COVERED.
Seamless Commercial
Real Estate Solutions... Worldwide.
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Jan Burman
Local…
Regional…
With more than 100 years of proper ty tax experience, the skilled and trusted
National…
par tners at Herman Katz Cangemi & Clyne will be there for you.
Property taxes are a major expense for most companies. Herman Katz
Cangemi & Clyne has successfully obtained outstanding real estate tax
refunds and savings for its clients, which include local, regional, and
national owners and tenants of properties, including:
Q
Hotels Q
Industrial Q
Golf and Q
Multi-family
country clubs and apartment
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Shopping centers Q
Self-storage complexes
and department facilities Q
Office
stores
hkcclaw.com
Long Island Office: 538 Broadhollow Road, Suite 307, Melville, NY 11747 P: 631.501.5011 F: 631.501.5012
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REAL ESTATE AWARDS
PURE... Luxury
Matthew Korman, prudential
Douglas Elliman, Franklin Square
n RISING STAR RESIDENTIAL
AGENT OF THE YEAR (NASSAU)
Bob Giglione
Pure...BUSINESS
At the Viana Hotel and Spa we offer a luxurious private
boardroom with state of the art audio visual technology.
Viana’s catering space can accommodate groups from
5 to 95 guests. Our experienced banquet staff will cater
to any request or budget, making the Viana Hotel and
Spa the smart choice for your next corporate function. At
the Viana, your business is our pleasure.
516-338-7777
Or visit our website at
Long Island’s Green-Built Feng Shui Hotel www.vianahotelandspa.com
Matthew Korman
3998 Brush Hollow Road, Westbury, NY 11590
516-338-7777 • 516-333-5013 (Fax) • www.vianahotelandspa.com
The owner of one of ’s most desirable apartments had four equal, sealed
bids after listing it in the spring . The owner decided to sell to the bidder
who could solve the following riddle: There were three light switches in the
hallway that lit three different lamps inside the apartment’s foyer. The door .
was closed and there were no windows in the hallway so there was no way of seeing
inside. The owner allowed each bidder to enter the foyer only once to determine which
switch turned on which lamp . One of the bidders quickly called her .
accountant who gave her the solution and she became the proud owner of the classic
Riddles are easy. You want something harder? Try the real estate market. We won’t venture a guess as to which direction it’s heading.
But we can help our clients answer other big questions like how will recently proposed tax changes affect property values. We’re Marks
Paneth & Shron and for the past 100 years, we’ve been helping real estate owners, builders, developers, investors, property managers
and REITs make smart fi nancial decisions. We’re trusted advisors to some of the top real estate developers, management companies
and prominent real estate families in the New York area. So if you’ve got a riddle, call us at 516.992.5900 or visit markspaneth.com.
We’ll shed some light on it.
Bob Giglione
Team Ardolino,
Realty Connect uSA
n RESIDENTIAL REAL
ESTATE TEAM OF THE YEAR
Located in Setauket, Michael Ardolino of Realty
Connect USA leads a team of pros who have shaken up
the brokerage scene by racking up big numbers with
everyone pulling the oars in synch. “It’s not about me,
it’s not about the players, it’s about the group working
as a cohesive unit under one banner,” Ardolino said.
How well does the old wisdom of there’s no “I” in
“team” work for Ardolino and his crew of pros? Try on
these numbers: almost $30 million worth of homes in
sales contracts in 2010, or more than 15 percent of the
company’s total of $191.7 million in contracts last year.
Team Ardolino
Banker Residential
Brokerage in Commack
n RESIDENTIAL AGENT
OF THE YEAR
“We were ready to leave Long Island, but the Babylon IDA made it so easy to stay. The
incentives they gave us made it all worthwhile…a 50%, 10-year tax abatement, a sales tax
exemption on the first year construction and furnishings…help with the utilities…you’d have
to say we’d be crazy to move. ”
Call today for more information on how the Babylon IDA can help your business grow
and expand in the Town of Babylon.
631-587-3679
www.babylonida.org.
Paid for by the Babylon Industrial Development Agency Our Business is Business
REAL ESTATE AWARDS 29
Bob Giglione
Michael Kenduck, Cruse Real Estate
n REO CHAMPION, NASSAU
Kenduck has seven years of experience in default real estate
and is an active member of the NRBA working with clients such
as Fannie Mae, PAS, AHMSI, BOA, SingleSource & USRES.
Kenduck is a closer with smarts, holding degrees in both finance
and marketing, which paid off in 2010 when he sold 243 prop-
erties. He currently manages more than 300 properties as a
broker with a seasoned team of REO professionals.
Michael Kenduck
Todd Yovino
LEGAL ADVERTISING
30 REAL ESTATE AWARDS
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links & spa
Award-Winning homes, fully appointed with the Semi-attached homes with world-class amenities
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Homes priced from $460,000 - $1.2 million* Homes priced from $423,000 - $558,000*
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Sales Center & Designer Decorated Models Open Daily 10 - 6 Sales Center & Designer Decorated Models Open Daily 10 - 6
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Congratulations Roger Delisle, Jr.
Island Associates Real Estate
Commercial Retail Broker of the Year
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32 REAL ESTATE AWARDS
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