This week in Long Island Business News: Schacker Real Estate Transaction

Hadco Metals signed a long-term direct lease for 24,000 square feet at 120 Spagnoli Road in Melville. Hadco had previously subleased the space. Phil Shwom of Schacker Realty represented the tenant and the landlord, N&G Realty, in the lease transaction. Source: http://libn.com/2015/04/17/inked-recent-long-island-real-estate-deals-53/          

Schacker Brokers Ink Three Industrial Transactions on Long Island

Schacker’s Jeff Horn represented Palermo Flooring in the lease of  a 2,500 square feet of industrial space at 4128 Sunrise Highway in Oakdale.  Palermo Flooring is a hardwood flooring specialist serving Nassau and Suffolk Counties, Long Island as well as the rest of the tri-state area.  “Palermo Flooring wanted to relocate from their current location…

Schacker Realty Wins Power Broker Awards

Schacker Realty was once again named to the prestigious Power Broker list published annually by CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces. This year, Schacker was the only Long Island commercial real estate firm to have a broker honored in each of its three major sectors: Retail, Industrial,…

LIBN presenting Phil Shwom with a Real Estate and Development Award

In April, the Long Island Business News will be presenting the 2015 Real Estate and Development Awards, recognizing Phil Shwom as one of Long Island’s top professionals in the commercial and residential business community. Phil will be receiving the 2015 “Top Industrial Lease” award for representing Sheravalen Enterprises in their lease of a new 198,500…

Tax Straddling for 2015

“Tax straddling provides added incentive to taxpayers to sell their relinquished properties near year-end to take advantage of the significant tax-deferral benefits of 1031 Exchanges….”

2 Rodeo Drive, Edgewood

Sheralven Enterprises, a wholesale distributor of fragrances, creams and lotions, leased a 198,500-square-foot industrial building in the Heartland Business Center at 2 Rodeo Drive in Edgewood.  The building was formerly occupied by Royal Pet, which was acquired by Phillips Pet last year and relocated to Farmingdale.  Phil Shwom of Schacker Realty in Melville represented the…