Market Monitor LI Newsletter
April 2012 Vol. 3 Issue 8
                          Happy Spring Banner

Fortune 500 Wisdom

By David G. Hunt

We have a small manufacturing business and need to expand our facilities. We are debating whether to buy or lease or new facility. My broker tells us that most large corporate firms are leasing and not buying these days. Are there lessons to be learned from Fortune 500 companies, and does this mean that we should not purchase a building? 

 

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of them. Fortune 500 Corporate America has indeed been divesting itself of real estate holdings, and, as a general rule, prefers to lease.

 

How does this apply to your situation? ... (MORE) 
 
April 2012 cartoon

 

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During Construction

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Companies on the Move

Starpoint Solutions is moving to 185 Express Street, Plainview... Desocio and Fuccio, PC  is moving to 6 Townsend Square, Oyster Bay... Ran One Americas is moving to 180 Main Street, Smithtown... Kal Thermal is moving to 40 Fleetwood Court, Ronkonkoma... Premier Executive Business Solutions is moving to 900 Merchants Concourse, Westbury...  Stucco Depot is moving to 6 Terminal Road, West Hempstead... Dish Network is moving to 425 Oser Avenue, Hauppauge... AHMSI is moving to 1393 Veterans Memorial Highway, Hauppauge...

 

 

What's New at Hunt

Starpoint Leases Space in Plainview, NY

 

Hunt Awarded Renovation Contract in Plainview, NY 

 

Chuck Syage joins Hunt Corporate Services, Inc. 

 

  

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)

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COMPARABLE SALES IN THE LAST 12 MONTHS
City Address              Property Type Size SF  Office SFAcres Total  Sold Price/SF   Sold Date  

Freeport

205 Buffalo Ave

Industrial38,000
2.19$43.423/20/2012 
Hauppauge

80 Arkay Drive

Industrial120,000
3$150.003/14/2012 
Farmingdale

68 Allen Boulevard

Industrial19,000
1.50$56.583/1/2012 
Bohemia

214-220 Knickerbocker Ave

Industrial29,530
2$55.032/23/2012 
Copiague

130 Lincoln Street

Industrial33,0006,0001.88$57.582/20/2012 
Garden City

712 Stewart Avenue

Industrial/Office26,600
.83$159.772/10/2012 
MORE

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