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July 2012 Vol. 3 Issue 11
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Negotiating with Your Existing Landlord?
By John Hoblin, CCIM
My lease is coming due within a year. I intend to renew. I don't need a broker, right?
The reasonable assumption goes something like this: "I have a good and long established relationship with my landlord. I know what I can afford to pay and will negotiate a fair renewal with my landlord. Besides, if I introduce a broker, it's just another cost item that will be charged back to me in higher rent."
Your landlord is in business to make a profit, to increase the value of his real estate. If you or your landlord seek each other out to renew your lease, what leverage are you bringing to the table, especially if you say you're interested in renewing?.... (MORE)
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UJA-Federation Honors David G. Hunt
July 3, 2012 - Plainview, NY - Over 100 business leaders gathered to honor David G. Hunt, president of Hunt Corporate Services, Inc. and Hunt Construction Services, Inc. for leadership in his field and his commitment to philanthropy, by UJA-Federation of NY, at its annual Long Island Real Estate and Building Materials Division Cocktail Reception on June 13, 2012. This event brings together accomplished industry leaders who give their time, talent, and financial support to advance the meaningful work of UJA-Federation. Committee member Arthur Katz of Knockout Pest Control, presented David with a Tzedakah (Charity) Box that says, "Whoever saves a life, it's as if one saves the entire world."
UJA works to help support more than 100 health, human-service, relief, educational and community-building agencies on Long Island, Westchester, New York City, Israel and in communities around the world.
"What is less known is that UJA-Federation is committed to serving New York's entire community, both Jewish and non-Jewish through its agencies. Most organizations supported by UJA are open to people of all faiths, from shelters for battered women to free day camps for children with cancer. As an interfaith minister, I applaud and encourage UJA-Federation in their efforts to support all the worthwhile causes that they do," said Hunt.
Hunt Corporate Services, Inc. specializes in exclusively representing Long Island firms for the acquisition and disposition of commercial real estate. Hunt Construction Services, Inc. provides Long Island and New York Metro area companies with specialized experience and expertise for their construction and maintenance needs. For further information, contact Christa Cherney at (516) 937-1000 or ccherney@huntcorp.com. Full information on the firm and their clients can be found at www.huntcorp.com or www.huntcsi.com.
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Your Construction and Maintenance Department |
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Free Long Island Industrial Report
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 | | One of the Hazards of Redevelopment |
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Companies on the Move |
New York Tattoo is moving to 85 Hoffman Lane, Islandia... Exotic Wood is moving to 701-4 Koehler Avenue, Ronkonkoma... Elegant Stairs and Rails is moving to 308 Line Avenue, Calverton... AVAD Metro East is moving to 25-85 Fairchild Avenue, Plainview... Advertising Distributors Of America is moving to 200 Trade Zone Drive, Ronkonkoma... Baystone Media is moving to 6901 Jericho Turnpike, Syosset... Lewis Johs Avallone Aviles, LLP is moving to 1 CA Plaza, Islandia...
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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..... (MORE) |
Our Corporate Headquarters 17 Dupont Street, Suite 4 Plainview, NY 11803 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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Hauppauge
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129 Oser Avenue
| Industrial | 20,000 |
| 1.66 | $85.00 | 6/19/2012 | | Garden City |
615 South Street
| Industrial | 72,069 | 23,000 | 3.2 | $72.50 | 6/8/2012 | | Bohemia |
1591 Smithtown Avenue
| Industrial | 18,382 | 2,775 | 1.3 | $100.64 | 5/6/2012 | |
Ronkonkoma
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775 Marconi Avenue
| Industrial | 7,740 | 500 | .57 | $71.06 | 5/15/2012 | | Hauppauge |
30 Commerce Drive
| Industrial | 50,000 |
| 3.0 | $122.00 | 5/15/2012 | | Babylon |
235 Little East Neck Road
| Industrial | 40,000 |
| 1.83 | $66.87 | 5/8/2012 | | | | | | | | |
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©Copyright 2010, All Rights Reserved. The content of this web site may not be reproduced without the written permission of HUNT Corporate Services, Inc. All information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price and withdrawal without notice.
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