There is no doubt about it: urgent care centers are a growing trend here on Long Island and across the U.S. Currently, there are over 110 urgent care centers on Long Island according to a database maintained by the Urgent Care Association of America. Demographically, 75% of urgent care centers are located in sub-urban areas, 15% [...]
In a previous newsletter, we wrote an article on Pre-Payment Penalty, which is a clause in a mortgage contract that says if the mortgage is paid off within a certain time period a penalty will be assessed. This clause is viewed as an agreement between a borrower and a bank or mortgage lender that regulates what [...]
With the exception of the very few who have yet to embrace the digital world, most of us now use our file drawers to hold an eclectic array of items ranging from cell phone chargers, to USB cards, to those trendy and eco-friendly aluminum water bottles. The one thing that you’d be hard-pressed to find [...]
As reported quarterly, in this article we will provide you with Long Island’s commercial real estate market report for the second quarter of this year. Marking the halfway point of 2016, we will cover Long Island’s retail, office, and industrial markets. To most easily digest this information, we will break it down simply by market with [...]
Although this process and decision on Brexit is still on going, there are many immediate as well as distant significant repercussions that will endure. One of those potential impacts may very well impact the U.K.’s commercial real estate market (CRE), as well as its investors, both in the U.K. and abroad. With uncertainty to be the [...]
Commercial real estate can be broken down into several different categories. Typically, when people think of commercial real estate they picture shopping centers, office buildings or warehouses. However, the commercial real estate industry is much more detailed when it comes to defining property types. Investors, lenders and brokers have developed property classifications to make it easier [...]
In Part B of our commercial real estate types and categories article, we are discussing classification grades, which are assigned to commercial properties. If you didn't read Part A, read it here. Commercial real estate is generally classified into one of three categories: Class A, Class B, or Class C. What The Letter Classifications Mean Letter [...]
Prepayment penalty is a term we hear often, but how much do we actually know about it? In this article we will take a deep dive into the meaning of prepayment penalties and provide you with a quick way to determine the cost. What is a Prepayment Penalty? A prepayment penalty, also known as “prepay”, is [...]
With Long Island’s economy continuing to steadily grow and prosper, there are no shortages of downtown's, many of which are being revitalized at this very moment in effort to reinvigorate their local community. From Rockville Centre, to Patchogue, to Farmingdale, to Riverhead, “downtown” is a place that we, as Long Islanders, choose to spend our time [...]
