Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
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,...Read more »
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...Read more »
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...Read more »
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...Read more »
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
The Chamber of Commerce of Greater Bay Shore hosts a meeting, all are welcome, 7 p.m., Bay Shore-Brightwaters...Read more »
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...Read more »
Job transfers from Northrop Grumman's Bethpage unit to locations in Florida and California will peak in the summer, a company spokeswoman said.
Spokeswoman Christine Restani said in an email that some employees already had begun moving, but "the majority" of transfers would take place in the summer.
Last March, the aerospace giant announced that 850 jobs, about 60 percent of the local...Read more »
Consumer prices in the metropolitan area rose modestly last month from a year earlier, on higher costs for electricity and housing.
The federal Bureau of Labor Statistics reported Tuesday that its consumer price index for the 31-county region that includes Long Island was 1.1 percent higher in February compared with a year ago.
That was the smallest increase since October.
Martin...Read more »
TUESDAY, MARCH 18, 2014
HIA-LI INFORMATION MEETING | Hauppauge
Learn more about HIA-LI, register, 8:30-10 a.m., Sandler Sales Training Center Hauppauge, 225 Wireless Blvd., Ste. 104, hia-li.org, 631-543-5355.
PROGRAM AND RECEPTION | Farmingdale
ACG New York's "The Art of the Exit Strategy," discussion on preparing and planning emotionally and financially to transition the...Read more »
Chembio Diagnostics Inc. announced Friday that veteran health care executive John Sperzel had become its chief executive and president.
Sperzel succeeds Lawrence A. Siebert, who announced last fall that he would retire after more than a decade of leading the Medford-based manufacturer of rapid tests for HIV and syphilis. Sperzel took over on Thursday.
Sperzel has spent more than 25 years...Read more »