January 2011 Vol. 2 Issue 5
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General Contracting or Construction Management?
By David G. Hunt
We will be closing on an industrial building shortly, and will need to reconstruct approximately 12,000 square feet of office space. I have heard the Construction Management is a better way to build. Is it, and how does it work?
There are two major ways to hire a contracting company to work for you. The first, and most traditional method is called General Contracting. In this model, you and an architect produce plans and specifications for the work to be done. Most often, a bidding process between several reputable general contractors would then be orchestrated by your architect. It is important that the plans and specifications be as detailed as possible, specifying quality, and in many cases, brands or equivalents. This is the only way that you will achieve an "apples vs. apples" comparison between several general contractors......(MORE)
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Companies on the Move
| Advance Pharmaceutical is moving to 895 Waverly Avenue, Holtsville.. Forster & Garbus is moving to 60 Motor Parkway, Commack... Olympic Plumbing and Heating is moving to 4 Aerial Way, Syosset... Mancini Trading is moving to 86 Emjay Boulevard, Brentwood... Inter-County Bakers is moving to 350 Carleton Avenue, Central Islip... Bradley & Parker is moving to 320 South Service Road, Melville... Telronics is moving to 1979 Marcus Avenue, Lake Success... BWD Group is moving to 45 Executive Drive, Plainview...
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Financing File
| Current Market Rates and Programs for the Long Island Commercial Marketplace
The SBA 504 loan program offers long term (10 or 20 years) fixed rate subordinate mortgage financing for the purchase and renovations of existing buildings or new buildings and equipment. Loans are up to 40% of the project cost, maximum of $5,000,000 for manufacturers and $1,500,000 for all other businesses.... (MORE)
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Our Corporate Headquarters
5 Aerial Way, Suite 100 Syosset, NY 11791
516-937-1000 www.huntcorp.com |
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COMPARABLE SALES IN THE LAST 12 MONTHS
| City | Address | Property Type | Size SF | Office SF | Acres Total | Sold Price/SF | Sold Date |
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| New Hyde Park | 1750 Plaza Avenue | Industrial | 29,200 | 7,050 | .92 | $99.32 | 1/7/2011 | | Deer Park | 110 Jefryn Boulevard | Industrial | 9,075 | 3,000 | 3.67 | $121.21 | 12/30/2010 | | Westbury | 117 State Street | Industrial | 32,100 | 2,356 | 1.21 | $71.65 | 12/28/2010 | | Freeport | 115 Henry Street | Industrial | 5,360 | 6,000 | .24 | $111.01 | 12/22/2010 | | Deer Park | 14 Connor Lane | Industrial | 21,000 | 10,000 | .57 | $85.00 | 12/20/2010 | | Brentwood | 86 Emjay Boulevard | Industrial | 35,000 | 36,700 | 2.5 | $73.57 | 12/20/2010 | | | | | | | | |
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