CIBS News

May 6, 2017

Pennetta: How about a grander vision

David Pennetta is president of the Commercial Industrial Brokers Society of Long Island. The foremost symbol of Long Island's long-running failure to plan is back in the news. Deciding what to do with the 77 acres in the heart of Nassau County has long divided the region. The attempt to resolve the issue on Monday through a referendum over who should fund an ice hockey rink insults our collective...
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May 6, 2017

Long Island Business News Op-Ed: Huntington Station needs Avalon Bay

As Mark Twain once said in a different context, rumors of AvalonBay’s death in Huntington are greatly exaggerated. That the Huntington Town Board is taking a new look at a project some thought had been left for dead last year is good news indeed for those concerned about Long Island’s economic future. Long Island absolutely needs the kind of development that AvalonBay Communities...
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May 6, 2017

Getting a Mortgage May Cost More

Getting a mortgage on Long Island would be more costly than ever if an Obama administration proposal aimed at reducing the role of mortgage giants Fannie Mae and Freddie Mac is eventually adopted by Congress, real estate executives said. The administration late last week said it would support allowing Fannie and Freddie loan limits to expire in October. The limits were raised to a...
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May 6, 2017

Youth movement grows in real estate groups

When he was a 30-something commercial real estate broker, David Pennetta was recruited by a mostly grey-haired real estate organization looking to rejuvenate its group with younger members. A dozen years later, Pennetta is the president of that group called the Commercial Industrial Brokers Society, and lately he’s been doubling efforts to inject some youth into it.
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May 6, 2017

Schumer pitches education over health care at CIBS Event

Sen. Charles Schumer said in Melville on Monday that the country should focus more on infrastructure, education and science as a way to recover from the recession and draw down debt. Speaking in front of the Commercial Industrial Brokers Society of Long Island, Schumer said that despite having a national debt of never before seen levels, he advocated...
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May 6, 2017

Brokers group skewing younger

When you hear this, don’t think that the board at the Commercial Industrial Brokers Society here is full of old fogeys. Known as CIBS, the trade group has created two non-voting, associate board positions for people under 40 – after having several sort of senior moments. Just...
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May 6, 2017

Brokering Change Q&A: David Pennetta, CIBS

One of the most politically active personalities on the Long Island commercial real estate scene, David Pennetta has just taken the helm of the Commercial Industrial Brokers Society. Besides his commitment to several business and civic organizations, Pennetta is a principal in Jericho-based Oxford & Simpson Realty and has 22 years experience in the sales...
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May 6, 2017

CIBS is celebrating 18 years with continued growth, success

Ten years ago I wouldn't have thought it would happen, but I'm now back at the helm of CIBS. My last stint as president was back in 1998-1999. The organization is now entering its 18th year and I was involved from its early development and I have been very happy to...
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May 6, 2017

Commercial Industrial Brokers Society honors ‘rising star’ Gary Friedman

Melville, NY The proudest celebrant at Commercial Industrial Brokers Society (CIBS) annual meeting recently was undoubtably Sheldon Friedman, the group's president a decade ago. The man better known as Shelly was first to congratulate...
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May 6, 2017

Pennetta to serve as 2011 CIBS president, Schacker is new CIBS vice president

Long Island, NY The Commercial Industrial Brokers Society of Long Island unveiled its slate of officers for 2011 and appointed two to its executive board. David Pennetta succeeds...
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May 6, 2017

Schwartzberg: Keep companies on LI

Much attention has been paid of late to the exodus of young people from Long Island, far less to the outflow of businesses. Too bad, because they’re truly connected. This spring two important Long Island corporate relocation stories played out to dramatically different results, both involving the 110 Corridor, and both affecting the future of the next...
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May 6, 2017

Deegan of Forchelli, Curto, Deegan honored at CIBS Annual Dinner

Plainview, NY The Commercial Industrial Brokers Society of Long Island honored three members at its annual meeting Nov.10, at Carlyle at the Palace. CIBS recognized Jack Britvan for Distinguished Leadership, Daniel Deegan as Associate...
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May 6, 2017

Sustainable growth takes center stage in todays market

One of the myths of development is that either you preserve or you pave. Unfortunately, this one-or-the-other thinking has distorted how we view economic development on Long Island. One side believes we have only so much undeveloped land so we must protect it no matter what. The other side believes we have only so much economic opportunity, so we must act now and get...
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May 6, 2017

Canon U.S.A. for keeps western-hemisphere headquarters on Long Island

Shown (from left) are: David Pennetta, CIBS-LI vice president; Mark Cuthbertson, Huntington councilman; Frank Petrone, Huntington supervisor; and J.B. Schwartzberg, CIBS-LI president. Melville, NY Calling the decision by Canon U.S.A., Inc. to keep its western-hemisphere headquarters on Long Island, "a powerful testimonial to the region's...
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May 6, 2017

Huntington to boost Melville business

As bulldozers cleared the site for construction of Canon USA’s new headquarters nearby, Huntington town officials laid out plans Thursday to offer zoning incentives that would attract companies to Melville and strengthen it as a magnet for jobs. Huntington Supervisor Frank Petrone, Councilman Mark Cuthbertson and town planning chief Anthony Aloisio joined Seymour Liebman from Canon at the RXR Corporate Center...
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May 6, 2017

Q&A: Jeffrey Schwartzberg, real estate broker

One of Long Island’s most prolific commercial real estate brokers, Jeffrey Schwartzberg has participated in more than 5 million square feet of industrial property sales and leasing transactions for Lake Success-based brokerage Sutton & Edwards. Before he joined S&E in 1999, Schwartzberg was an executive with Chicago-based First Industrial Realty Trust, helping the REIT’s portfolio triple in size...
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May 6, 2017

Winners: Jack O’Connor

Jack O'Connor of Blue Point has received a distinguished leadership award from the Commercial-Industrial Brokers Society of Long Island for his "professional contributions over nearly four decades.
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May 6, 2017

CIBS honors Frizalone of C&W with Most Ingenious Deal of the Year; O’Connor of NKF receives distinguished leadership award

Farmingdale, NY The Commercial-Industrial Brokers Society of Long Island (CIBS) recognized the achievements of its members April 15 at the annual Long Island Real Estate Black...
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May 6, 2017

Jeff Schwartzberg

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May 6, 2017

NYREL June

May 6, 2017

Huntington to Boost Melville business

As bulldozers cleared the site for construction of Canon USA's new headquarters nearby, Huntington town officials laid out plans Thursday to offer zoning incentives that would attract companies to Melville and strengthen it as a magnet for jobs. Huntington Supervisor Frank Petrone, Councilman Mark Cuthbertson and town planning chief Anthony Aloisio joined Seymour Liebman from...
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November 26, 2015

Schacker: Stay out of our backyard

Do we need a group from Virginia coming to Long Island to rile up the community against responsible projects and developers (“‘Activist training’ targets Ronkonkoma Hub“)? This...
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November 18, 2014

Sondock: Local zoning squeezes LI real estate

Long Island Business News published two recent articles that miss the truth of Long Island’s real estate market. In one article (“Rents rise amid shortage of...
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November 14, 2014

Local zoning putting the squeeze on LI real estate

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November 4, 2014

Rents rise amid shortage of space

The salad days of the commercial and industrial market before the crash of 2008 may be gone, but the Long Island market is rebounding due to a shortage of properties for sale, according to one of the region’s brokers.
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July 19, 2014

Commercial property owners react to Mangano tax plan

Commercial property owners Thursday expressed mixed reactions to a Nassau County plan to overhaul the commercial property tax grievance system, with some saying it could drive up taxes and others calling it a starting point in addressing the county's flawed assessment system.
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August 23, 2013

Branching Out Re borker eyes community input for Island Trees school porperty

When the Island Trees School District asked real estate broker David Pennetta how he would market its 11.3-acre former school parcel in Levittown, Pennetta said he'd first ask neighbors what they'd like to see there. The novel approach of involving the community like that in a property...
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August 21, 2013

After voter OK Syosset land sale, battle to continue in court

The latest battle over a proposed mall on the Cerro Wire property in Syosset is over, but the 18-year war will continue in court.The latest battle over a proposed mall on the Cerro Wire property in Syosset is over, but the 18-year war will continue in court. More than 12 percent of Oyster Bay's registered voters...
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May 21, 2013

CIBS celebrates 20 years, honors O’Connor, Lee, Oliver, Schacker, and Finkelstein

Long Island, NY The Commercial Industrial Brokers Society of Long Island, (CIBS) marked its 20th anniversary recently at the annual Real Estate Dinner,- formerly the Black Tie gala, with awards to five top brokers and the endowment of a scholarship fund at Hofstra University in memory of Lawrence Feldman.
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July 6, 2012

Another Chance to Create the Hub, 40 Years Later

Forty years ago, the Nassau County Memorial Coliseum opened on the edge of Mitchel Field; the new arena, squatting in a corner of the 77 acre former air force base, offered a full schedule of basketball games featuring the New York Nets; pop music concerts, circuses, and more; on the lower level, meeting and event planners booked space for national conferences and expositions. To meet the...
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June 1, 2012

CIBS at 20: Stepping forward for the next 20 years

David Pennetta, CIBS By David Pennetta, CIBS Back one day in 1992, several prominent Long Island brokers held a far-ranging, lively conversation about the real estate industry. The discussion touched on many important areas, not least of which was the need to raise ethical standards and overall professionalism. No definitive answers resulted, but everyone agreed they should keep talking. Out of that...
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April 24, 2012

CIBS Presents Check to John J. Byrne Community Ctr.

The Commercial Industrial Brokers Society of Long Island (CIBS) raised $2,500 for the John J. Byrne Community Center of Uniondale through its 15th annual golf outing honoring Arthur Katz of Knock-Out Pest Control. CIBS board members, from left, Kyle Burkhardt, David Chinitz, David Pennetta and Gary Joel Schacker present "big check" to Byrne treasurer Felix Guerra, Jr. and president David Greaves. Arthur Katz, right, looks on.
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April 24, 2012

CIBS creates Feldman scholarship at Hofstra

The Commercial Industrial Brokers Society of Long Island has endowed a scholarship fund at Hofstra University in memory of real estate attorney Lawrence Feldman, who died in March 2009 at the age of 51. A partner with Uniondale-based Farrell Fritz, Feldman specialized in real estate...
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Congrats to CIBS associate board member Melissa Naeder

Cushman & Wakefield announced that retail broker, Melissa Naeder has joined the firm as a Senior Director of Retail Brokerage in Long Island.

Naeder will be based in the Melville office, and will work with Katie Mahon, Managing Director, Retail Services & Brokerage Operations, Tri-State Region and Joseph Caridi, Executive Managing Director, Downtown Manhattan, Brooklyn, Queens and Long Island, to lead our retail efforts in the suburban market.

Naeder joins Cushman & Wakefield with over 12 years of commercial real estate experience, most recently as a Director at Sabre, where she worked on the growth of national retailers on Long Island such as AT&T, Blink Fitness and Starbucks.

Prior to this role, Naeder worked at Commercial Retail Associates as Director of Leasing, working with tenants like Sears, Five Guys, and Denny’s.
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Commercial Industrial Broker Society of Long Island

CIBS was formed in 1993 out of the shared belief among the region’s leading brokers that the region needed a unified voice to advocate on behalf of professionalism, ethics and industry cohesion.  Since its formation, CIBS has helped upgrade the industry by offering hundreds of educational programs, seminars, and presentations; advocated professional standards and offered grievance resolution; provided informal mentoring relationships; raised tens of thousands of dollars for local charities; and created social settings in which colleagues have become friends, and competitors respected peers.

CONTACT CIBS

6800 Jericho Turnpike
Suite 120W
Syosset, NY 11791
cmajid@cibs-li.com