'Demand very soft' for LI commercial real estate
Photo credit: Photo by Joseph D. Sullivan for Newsday | David Eshaghoff, manager of the building at 560 Broad Hollow Rd., in Melville, where luxury extras have been added to attract renters. (August 2009)
The owners of a yellow-brick office building in Melville recently spent about $1 million in renovations to the facility, erecting a marble and granite entrance and large mahogany doors in hopes of attracting more tenants in the ongoing recession.
"They [tenants] can feel they're in a Class A building without paying the Class A price," David Eshaghoff, who manages the building at 560 Broadhollow...
