Inside Long Island Business

Get the latest news and trends on Long Island companies and the people behind them.

Brookhaven office park to be sold at foreclosure auction

A Google street view of the Brookhaven Executive

(Credit: Google)

The Brookhaven Executive Center in Medford, which housed the operations of Brookhaven Town in the 1980s and 1990s, will be sold at a foreclosure auction on Friday.

The 10-building office park at 3235 Route 112 is jointly owned by Paul Elliott LLC, Sam Weissman LLC and Mark McAvoy LLC, with a minority stake owned by Hurney BEC LLC, according to court documents. The current debt owed on the...

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LI business events, April 1 to 4, 2014

With all the showers this past weekend, surely

(Credit: EPA / Ralf Hirschberger)

TUESDAY

FINANCIAL RESOURCES | Hempstead

Informative seminar bringing together representatives from the public and private sectors to discuss going global with your business., 8 to 11 a.m., Hofstra University, Hempstead Turnpike, $50, register, hofstra.edu, 516-463-6648.

SMALL BUSINESS COUNSELING | Dix Hills

Topics include the basics of setting up a business, by appointment...

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Enterprise hiring college students

Car-rental company Enterprise Holdings is looking for college-educated applicants for its management-training and internship programs. It plans to hire more than 300 people for the programs,  including 33 on Long Island. The company will also hire in the tristate area and in Vermont.

All of the positions are paid, the company said. The management internships last from eight to 12 weeks...

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Poll: Is it right for states to poach companies with tax breaks?

Global staffing company Adecco stands to reap economic

(Credit: Ed Betz)

Is it right for states to woo companies away with tax breaks? 

This week, Florida officials said they're spending $2 million in tax and economic concessions to woo Adecco's North American headquarters -- and 185 jobs -- from Melville to Jacksonville. That's more than $10,000 per job.

While Adecco did not seek tax breaks from Suffolk County before deciding to move, often, companies...

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Cushman & Wakefield releases LI Office Index

Global commercial real estate brokerage Cushman & Wakefield will begin releasing a quarterly Long Island Office Index, a measure of asking rents in class A office buildings across the Island.

The index, which contains asking rent data from 1996 to the present day, is an indicator of landlord confidence and will help gauge the health of the commercial real estate market, said David Pennetta,...

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Cedar Realty acquires Philadelphia shopping center

A Google street view image of the Quartermaster

(Credit: Google)

Cedar Realty Trust Inc., a Port Washington-based real estate investment trust, has acquired a shopping center in south Philadelphia — adding to its presence in the city of brotherly love.

The shopping center-focused REIT acquired Quartermaster Plaza for $92.3 million, including the assumption of $53.4 million of debt. The 10-year old,  456,000-square-foot shopping center is anchored...

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NY metro area construction contracts up 53% in February

McGraw Hill Construction, an industry information service, reported

(Credit: Newsday / Jeffrey Basinger)

The value of contracts for future construction in the New York metropolitan area soared last month compared with a year ago, another sign of the improving economy.

McGraw Hill Construction, an industry information service, reported on Tuesday that $2.5 billion worth of contracts for future building were awarded in February for the 31-county region that includes Long Island. That's a 53 percent...

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Aid for companies interested in exporting is the topic of an April 1 workshop at Hofstra

Susan Axelrod, founder of Love & Quiches Gourmet

(Credit: Steve Pfost)

How businesses can finance their sales to customers in foreign countries is the topic of an April 1 seminar at Hofstra University.

Susan Axelrod, founder of Love & Quiches Gourmet in Freeport, is expected to discuss her 40-year-old company’s success with exporting. She will be joined by financial experts from the banking industry and the U.S. Commerce Department.

The event will be...

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LI business events, March 24 to 29

The weather may call for a nor'easter on

(Credit: Getty Images / Andrew Burton)

MONDAY, MARCH 24, 2014

SPEED NETWORKING|Wading River

Opportunity to help a charity, networking, dinner, 6 to 9 p.m., Desmond's Restaurant, East Wind, 5720 Rte. 25A, $25, infinitebusiness connections.com, 516-509-5014.

TUESDAY, MARCH 25, 2014

CHAMBER MEETING|Brightwaters

The Chamber of Commerce of Greater Bay Shore hosts a meeting, all are welcome, 7 p.m., Bay Shore-Brightwaters...

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Cuomo urges wage compliance

Gov. Andrew M. Cuomo.

(Credit: AP )

Gov. Andrew M. Cuomo on Friday warned employers to comply with the new minimum wage or face “fines, charges and civil or even criminal punishment.”

The state’s minimum wage rose to $8 an hour on Dec. 31, from $7.25.

Since then, 374 cases have been opened based on employee complaints of minimum wage and overtime violations, the governor, said in a statement.

“It is a crime for businesses...

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