New call-to-action
Connect Events

Whether digital or in-person, Connect Events set the stage to bring together relevant content with CRE’s most active players to engage, influence and inform.

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + Long Island  + Finance  | 
Tritec Bay Shore Residences rendering Bay Shore NY

Bay Shore Residential Project Secures $168M of Debt and Equity

JLL Capital Markets arranged $55 million in joint venture equity and $113 million in construction financing for the development of Bay Shore Residences, a 418-unit, wood-frame residential building with ground-floor retail in Bay Shore, NY, within Long Island’s Suffolk County 

The JLL Capital Markets team of Andrew Scandalios, Rob Hinckley, Jeffrey Julien and Nicco Lupo worked on behalf of TRITEC Real Estate Company to arrange the JV equity partnership with institutional investors advised by J.P. Morgan Asset Management.  

The firm’s Michael Gigliotti, Geoff Goldstein, Kelly Gaines and Jackie Ferrer sourced the four-year, floating rate construction loan with Truist Financial Corporation and Santander Bank. 

Located at 1700 Union Blvd., the highly accessible property is a one-minute walk from the Long Island Rail Road and is less than a one-hour train ride to Penn Station, providing direct access into Manhattan.  


Inside The Story

JLL's ScandaliosJLL's Gigliotti

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing