Inside Long Island Business
Get the latest news and trends on Long Island companies and the people behind them.
An 8.9 acre plot of land in Port Jefferson Station -- the site of a former car dealership that closed during the recession -- has been sold for $3.45 million.
The Northwind Group of Hauppauge bought the land, on the corner of Route 112 and Washington Avenue, according to a Monday news release from Coldwell Banker Commercial Island Corporate Services, which represented the purchaser.
Northwind...Read more »
Investcorp, a Bahrain-based investment firm, has acquired three Long Island office buildings through the purchase of a portfolio of buildings and retail properties in the United States valued at $250 million.
The Long Island properties include three office buildings in Garden City, Mineola and Rockville Centre -- some of the most active office markets on the Island.
The offices are at...Read more »
Kimco Realty Corp., a real estate investment trust that primarily owns and operates suburban shopping centers, said Friday it has acquired a package of 24 retail-focused properties in the New England region for $270 million.
The portfolio includes 17 properties in the Boston metropolitan area, four additional shopping centers in Massachusetts, two centers in northern New Jersey and one property...Read more »
Local commercial brokerages Corporate Realty Services, LLC in Hauppauge and Islandia-based Rosner & Associates, the Long Island franchisee of Coldwell Banker Commercial, have merged, the firms said Tuesday.
The new brokerage be named Coldwell Banker Commercial — Island Corporate Services and continued to operate as a franchisee of the larger national company, said Leo Farrell, the managing...Read more »
Avison Young, a commercial real estate brokerage based in Toronto, opened the doors of its new office in Melville Thursday in an expansion of the firm's presence in the tri-state area.
The office will be the firm's first on Long Island and third in the tri-state area (the other locations are in New York City and New Jersey). Avison Young chief executive Mark Rose said in a news release that...Read more »