Get the latest news and trends on Long Island companies and the people behind them.
The Sunrise Business Center in Great River has been sold for $50 million, the parties announced Friday. The Manhattan-based Feil Organization bought the 388,500-square-foot center from Jericho-based Metropolitan Realty Associates Llc and Angelo, Gordon & Co. Lp, an investment firm, also based in Manhattan.
Metropolitan Realty Associates said in a news release that the center’s four...Read more »
Superstorm Sandy damaged hundreds of businesses across Long Island. From small mom-and-pop stores to larger concerns, they suffered flooding, wind damage and prolonged power outages.
Now that many are trying to get back on their feet, are you going out of your way to patronize them?
Vote and leave a comment; results and a selection of comments will be published in next Sunday's business...Read more »
Nonresidential construction dropped nationally in the third quarter even as the economy continues to grow, the accounting firm Marcum LLP reported Thursday in a new index.
The level of investment in nonresidential construction fell by 4.4 percent compared to a year earlier, according to the index which Marcum economists derived from data from the U.S. Bureau of Economic Analysis, U.S. Census...Read more »
Three Long Island business organizations have formed a partnership that will aim to make the local business “ecosystem” more conducive to start-up companies.
Accelerate Long Island, the Long Island Software Technology Network and the Long Island Forum for Technology today announced they would be teaming up to promote the region as a technology hub and offers services, such as networking and...Read more »
Next week, Accelerate Long Island director Mark Lesko will be taking advantage of a nearly year-old invitation to visit San Diego to learn about CONNECT — a 27-year old initiative which Accelerate is modeled after.
In San Diego, Lesko will visit companies created from CONNECT's efforts to link entrepreneurs and researchers, and observe the city's business ecosystem that the organization has...Read more »
Nassau County residents who are at risk of mortgage foreclosure or whose homes were damaged by superstorm Sandy can get free guidance at a series of legal clinics next month.
The Nassau County Bar Association will offer a foreclosure clinic on Monday from 3 to 6 p.m. at its headquarters at 15th and West streets in Mineola. The following two Mondays, Dec. 10 and 17, from 10 a.m. to noon and...Read more »
A former manager at Celestial Seasonings, a unit of the Melville-based Hain Celestial Group Inc., has been accused by Boulder, Colo., police of embezzling more than $1.8 million from the tea company over the past five years.
Reports from denverpost.com, The Associated Press and the Boulder Daily Camera say Jeffrey Wagner is now facing felony theft and forgery charges.
Wagner worked...Read more »
The Woodbury Mens Shop, a luxury retailer featuring everything from jeans to tuxedos, will host a grand opening celebration on Friday, toasting the store's debut as well as the return of some familiar faces in the local upscale apparel scene.
Three employees with decades of experience at Woodbury's former Thomas Miller Menswear store came together to launch the new luxury shop, located in...Read more »
Need extra cash to help pay bills related to superstorm Sandy?
State Comptroller Thomas DiNapoli is reminding local residents that his office has money the state owes them. It totals $416.4 million on Long Island.
A searchable database of unclaimed funds can be found at osc.state.ny.us/ouf/index.htm.
In Nassau County, the largest amount owed, $11.5 million, is to residents of the...Read more »
Nearly a month after superstorm Sandy plowed through the area, the Small Business Administration has approved roughly $1.04 million in disaster loans to eight businesses on Long Island, according to the Tuesday figures from the federal agency.
The SBA is authorized to provide disaster loans to both businesses and homeowners in a declared disaster area. SBA can lend up to $2 million for 30-year...Read more »