Market Monitor LI Newsletter
March 2010 Vol. 1 Issue 7

Four Stages of Real Estate Acquisition
We are in the market to lease office space.  What should we expect from our real estate broker?

Whether you are represented by an exclusive real estate broker, a corporate real estate department, or a paid consultant, your representative should be responsible for the four major stages of the real estate acquisition cycle....(MORE)



Subleasing Blues
Our company needs to move to larger offices, but we still have nearly two years to go on our existing lease.  Subleasing has turned out to be very difficult.  What are our options?

Subleasing has probably turned out to be difficult because of the short term left on your lease.  A lease is a depreciating commodity, with its value falling sharply in the final years.  Few companies want to incur the expense of moving, phone installation, computer systems, printing and the like, when these costs can only be amortized over a couple of years.  Yes, you have those "subleasing blues," but there are still alternatives  ...(MORE)

Cartoon

Visit Our Sponsor
MEET OUR TEAM - JOHN HOBLIN, Jr.

JohnJohn F. Hoblin, Jr., CCIM, is a partner and Senior Managing Director.  He has been in the industry since 1980, and in the last dozen years has been doing high level corporate representation throughout the country. Mr. Hoblin has concentrated in the national and corporate arena, negotiating transactions from Maine to Florida and out to the Mid-West. Notable transactions have included the sale of a 500,000 square foot warehouse to Lenox China in Hagerstown, MD; the sale of a 220,000 square foot office building to the Town of Brookhaven on behalf of Allstate Insurance, in Farmingville, NY; the lease of a 145,000 square foot warehouse in Jacksonville, FL and a 120,000 square foot warehouse in Mobile, AL to US Lumber; and several hundred thousand square feet of office leases primarily for Allstate Insurance, Progressive Insurance and PNC Bank.

Mr. Hoblin holds the Certified Commercial Investment Member designation from the CCIM Institute.
 
To contact John Hoblin, please email [email protected]
Companies on the Move
Daejin American, Inc. ... moving to 5 Dubon Court, Farmingdale... Aggreko....moving to 115 Amfesco Drive, Plainview ... RS Abrams & Co.   moving to 3033 Express Drive North, Islandia... CMB Wireless... moving to 40 Daniel Street, Bohemia... International Components Corp..... moving to 215 McCormick Drive, Bohemia ... Craft-Tech Mfg., Inc. ....moving to 1750 Arctic Avenue, Bohemia.... Allied Dynamics Corp... moving to 84 Modular Avenue, Commack...
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, maximum of $4,000,000 for manufacturers and $1,500,000 for all other businesses.... (MORE)

Quick Links
COMPARABLE SALES IN THE LAST 12 MONTHS
 
City                
Address Street         
Property Type  
Size SF  
Office SF
 Acres Total  Sold Price/SF 
 Sold Date 
Central Islip
111 Windsor Place
Industrial
248,000


$84.68 1/14/2010
Yaphank
3 Old Dock Road
Industrial Office
12,072

1.97 $126.33 1/10/2010
Farmingdale 40 Daniel Street
Industrial 149,330
36,512
8.3
$73.66 1/5/2010
West Babylon
120 Otis Street
Industrial
13,300 1,330
.75
$109.40 12/31/2009
Westbury
125 State Street
Industrial
17,000
2,000
.75
$110.59 12/19/2009
West Babylon
60 & 70 Bell Street
Industrial
15,500
1,550
1
$83.87 12/18/2009
MORE

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