Market Monitor LI Newsletter
June 2011 Vol. 2 Issue 8


Commercial Leasing Bargin Bin
By David G. Hunt

We are looking for space to lease for our company.  What is absolutely the best way to get a great deal?

 

In an open market, great deals generally result from a transaction with a highly motivated landlord, or a tenant who is anxious to sublease their space.  Subleases are analogous to the bargain bin in a retail store - you may not find the size or color you want, but if you can compromise, the result can be a great bargain that is substantially below retail prices.

 

A prime tenant who is trying to sublease space has two pressures to make a deal.  First, this tenant is expending money every month to pay rent, whether occupying the space or not.  Second, the lease asset itself is literally wasting away and becoming less valuable every month, until final disposal can only be achieved at "fire-sale" prices.  The prime tenant who is trying to sublease space always has to measure an offer against the potential exposure of additional expense...(MORE)
 
 


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HCSI  

Your Construction and Maintenance Department

 

New Partner at Hunt Construction Services, Inc. 

Rob Ciurleo
Robert Ciurleo

 

March 31, 2011 - Syosset, NY - Hunt Construction Services, Inc. (Plainview) announced today that Robert A. Ciurleo has joined the firm as Senior Managing Partner.

Mr. Ciurleo has been in the commercial real estate industry since 1987.  As a partner at Plaza Realty, a commercial property management, maintenance and general contracting firm, his experience included managing a portfolio of retail shopping centers owned by a major supermarket chain.  Mr. Ciurleo, as the principal of Real Estate Solutions, Inc. has also served as construction manager for a wide variety of projects such as: the complete interior demolition and renovation of a 30,000 square foot specialty supermarket; the ground-up construction of a four-story 44,000 square foot, condominium complex in the heart of the village of Rockville Centre, NY; and the complete interior demolition and renovation of a 100,000 square foot industrial building in Melville, NY, which included three turn-key tenant build-outs as well as site work.

"Rob and I have enjoyed a pleasant relationship for many years," said David G. Hunt, president of both firms. "We have done comprehensive work together for mutual clients, and I am just thrilled to have him on board." Mr. Ciurleo will oversee the operation of the construction management, general contracting and maintenance divisions of the firm.

Hunt Construction Services, Inc. specializes in providing construction management, general contracting, and maintenance services for companies of all sizes throughout the New York metro area.  For further information, contact David G. Hunt at (516) 937-1000 or [email protected].  Full information on the firm and their clients can be found at www.huntcsi.com

Companies on the Move

Broadview Networks  is moving to 3 Huntington Quadrangle, Huntington...  Franklin First National is moving to 538 Broadhollow Road, Melville... Heritage Mechanical Services is moving to 70 Schmitt Boulevard, Farmingdale... MBS Insight is moving to 265 Broadhollow Road, Melville...  Trophy Depot is moving to 171 Rodeo Drive, Edgewood... Global Warehousing and Logistics is moving to 85 Jetson Lane, Central Islip...

 

 

 

What's New at Hunt



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..... (MORE)

 

 

Quick Links
17 Dupont Street
Our Corporate Headquarters
17 Dupont Street, Suite 4 
Plainview, NY 11803
516-937-1000

 

www.huntcorp.com
COMPARABLE SALES IN THE LAST 12 MONTHS
City Address              Property Type Size SF  Office SFAcres Total  Sold Price/SF   Sold Date  
Bohemia4000 Veterans Memorial Industrial65,22037,2507.2$84.335/11/2011 
West Babylon355-367 Wyandanch AvenueIndustrial19,9501,9951$42.615/6/2011 
Ronkonkoma130 Raynor AvenueIndustrial12,000 1$105.004/12/2011 
Lynbrook163 Denton AvenueIndustrial15,733.88$103.734/6/2011 
Freeport1 Bennington AvenueIndustrial14,0004,100.43$68.003/25/2011 
Port Washington18 Industrial Park DriveIndustrial39,5834,5003$90.003/24/2011 
MORE

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