May 2017 Vol.9 Issue 8
Dear Friends ,

I believe that I am one of the luckiest human beings that has ever lived. Just for starters, I was born in the mid-twentieth century in the United States, I am reasonably healthy, have always had a roof over my head, and have never gone truly hungry. Just from this perspective, most of us are the most blessed human beings ever to walk the earth. There was never a time in human history when so many people have achieved as high a standard of living as we have. All of this is on my mind as we approach Memorial Day. Let us be truly thankful for all those before us who made the ultimate sacrifice so that we could enjoy these blessings. 

This month, in answer to a recent question to my newspaper column about high commercial construction costs, I am reprising our March article on Construction Management with a second installment. Construction Management can often save you 10% or more on your construction over general contracting. Read our article this month for all the details!  

Oh, the possibilities!

David G. Hunt
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How to Slash Commercial Construction Costs
 by David Hunt
   
Q:  I nearly fell off my chair when I received a quote from a general contractor to renovate and enlarge our office space.  I had no idea that costs had climbed so high. Any suggestions?

A: Yes, there is a way to slash 10% or more from your commercial construction project. It is a method of running construction projects called Construction Management. It is not the same as General Contracting, in which a general contractor quotes one price to complete the entire project. It is common for a general contractor to total his costs (both his subcontractors as well as other costs) and then add 20% . ...
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PROPERTY HIGHLIGHTS
  
350 Veterans Memorial Highway, Commack, NY
   
9,500 Square Foot Building For Sale
Lease or Own Office Space
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COMPANIES ON THE MOVE
  
Select Paper leased 200 McKay Road, Huntington Station.
Craig Envelope is moving to 220 Miller Place, Hicksville.
Wagner & Zwerman is moving to 201 Old Country Road, Melville.
Jerome Stevens Pharmaceuticals purchased 100 Davinci Drive, Bohemia.
Betatronix is moving to 125 Comac Street, Ronkonkoma.
Aalco Transport & Storage has leased space at 65 Marcus Drive, Melville.
COMPARABLE SALES IN THE LAST 12 MONTHS

City  Address               Property Type  Size SF   Office SF Acres Total  Sold Price/SF  Sold Date 
New Hyde Park 1575 Hillside Avenue
Office/Cond o
1,543

$226.83
4/24/2017
Franklin Square 1085 Jackson Avenue Office 1,900 .09 $318.42 4/14/2017
Floral Park 275 Jericho Turnpike Office 7,200
.14
$194.44
4/5/2017
Albertson
820 Willis Avenue
Office 13,846

.22
$108.33
3/27/2017
Huntington
50 Elm Street Office 6,600 .14 $174.24 3/22/2017
Melville
999 Walt Whitman Office 25,235
1.414 $214.98
3/17/2017


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