Real Estate

COVID will end, but land uses will be changed forever

By MICHAEL H. SAHN // The pandemic is dramatically changing the real estate market across Greater New York and the nation, with long-ranging (and long term) impacts on infrastructure, land use and economic development. For starters, the pandemic has convinced many city dwellers to seek the suburban lifestyle. COVID has supercharged single-family homes purchases in traditional suburban subdivisions and created a seller’s market on Long Island, where demand exceeds supply and prices are skyrocketing. Meanwhile,…


Real estate by the techies, for the techies

By GREGORY ZELLER // Tech companies are their own corporate species, including their unique habitats. That’s the professional assessment of Ross Selinger, a commercial real estate veteran who’s spent 26 years fitting law, engineering, accounting and all sorts of other firms into proper spaces, primarily on Long Island. It’s also the thinking behind REtech, a startup Selinger has focused on the specific real estate needs of technology companies. The entrepreneur’s first startup, Jericho-based commercial real…


Pharm hand: Why Rechler Equity is big on biotech

By GREGORY ZELLER // Anyone still doubting the importance of the pharmaceutical and biotech industries to the Long Island economy should take a peek at Rechler Equity Partners’ portfolio. This branch of the royal family of LI real estate didn’t set out to anchor its commercial holdings with biotech tenants, but over the last decade-plus, “it happened organically,” noted Mitchell Rechler, who co-manages the Plainview-based real estate giant – and its 6 million square feet…