Priciest home sales in Oyster Bay Cove

Priciest home sales in Oyster Bay Cove

Priciest home sales in Oyster Bay Cove (11771)  May 2022  The three highest-priced home sales in Oyster Bay Cove last month ranged from $1.175 million to $3.85 million.  The priciest Oyster Bay Cove home sold in May was a 7-bedroom, 6.5-bath Nantucket on...

Priciest home sales in Lido Beach

Priciest home sales in Lido Beach

Priciest home sales in Lido Beach (11561)  May 2022  The three highest-priced home sales in Lido Beach last month ranged from $800,000 to $2 million.  The priciest Lido Beach home sold in May was a 4-bedroom, 4.5-bath waterfront colonial on .20 acres at 311...

Queens firm relocating to LI with $3.6M acquisition

Queens firm relocating to LI with $3.6M acquisition

A Queens-based equipment supplier is relocating to Long Island after purchasing a Plainview property for $3.6 million.  Goyal Group, which supplies appliances, cookware, and other kitchen and home products, bought an 18,046-square-foot flex building on 1 acre...

Priciest home sales in Manorville

Priciest home sales in Manorville

Priciest home sales in Manorville (11949)  May 2022  The three highest-priced home sales in Manorville last month ranged from $775,000 to $881,000.  The priciest Manorville home sold in May was a 4-bedroom, 2.5-bath post-modern on 2.08 acres at 458 Weeks...

Priciest home sales in Brookville

Priciest home sales in Brookville

Priciest home sales in Brookville (11545)  May 2022  The three highest-priced home sales in Brookville last month ranged from $2.157 million to $2.875 million.  The priciest Brookville home sold in May was a 6-bedroom, 4.55-bath colonial on 2 acres at 233...

Priciest home sales in Greenport

Priciest home sales in Greenport

Priciest home sales in Greenport (11944)  May 2022  The three highest-priced home sales in Greenport last month ranged from $1.1 million to $1.5 million.  The priciest Greenport home sold in May was a 3-bedroom, 2.5-bath waterfront cape on .60 acres at 1280...

Average US mortgage rates jump by most in 35 years

Average US mortgage rates jump by most in 35 years

WASHINGTON (AP) — Average long-term U.S. mortgage rates made their biggest one-week jump in 35 years, one day after the Federal Reserve raised its key rate by three-quarters of a point in bid to tame high inflation. Mortgage buyer Freddie Mac reported Thursday...

Harbor Freight expanding to Sayville Plaza

Harbor Freight expanding to Sayville Plaza

Harbor Freight Tools, a tool and equipment retailer, is opening a new store at Sayville Plaza in Bohemia. The company has about 1,200 locations, including stores in Hempstead, Huntington Station, Massapequa, Commack and Bay Shore. In Bohemia, Harbor Tools...

Hauppauge industrial property trades for $8.65M

Hauppauge industrial property trades for $8.65M

80 Suffolk Court Hauppauge / Google Maps image By: David Winzelberg June 10, 2022 An industrial property in Hauppauge has sold for $8.65 million.  May Properties purchased the 36,000-square-foot building on 2.4 acres at 80 Suffolk Court.  Built in 2000, the...

Priciest home sales in Northport

Priciest home sales in Northport

Priciest home sales in Northport (11768)  May 2022  The three highest-priced home sales in Northport last month ranged from $1.25 million to $1.43 million.  The priciest Northport home sold in May was a 4-bedroom, 2.5-bath colonial on .81 acres at 14 Bluff...

Priciest home sales in Bayville

Priciest home sales in Bayville

Priciest home sales in Bayville (11709)  May 2022  The three highest-priced home sales in Bayville last month ranged from $1.299 million to $1.975 million.  The priciest Bayville home sold in May was a 4-bedroom, 2.5-bath waterfront ranch on .16 acres at 11 Sea...

Priciest home sales in Melville

Priciest home sales in Melville

Priciest home sales in Melville (11747)  May 2022  The three highest-priced home sales in Melville last month ranged from $1.35 million to $2.15 million.  The priciest Melville home sold in May was a 6-bedroom, 4.5-bath newly built colonial on .75 acres at 34...

Stark expands with Garden City office suites acquisition

Stark expands with Garden City office suites acquisition

White Plains-based Stark Office Suites has acquired Champion Office Suites of Garden City.  Terms of the deal were not disclosed.  Champion’s Garden City offices, located at Franklin Avenue Plaza at 1225 and 1325 Franklin Ave., total 10,182 square feet. Its...

$18M Westbury rental project gets IDA assist

$18M Westbury rental project gets IDA assist

A new $18 million apartment development in Westbury will get economic incentives from the Nassau County Industrial Development Agency.  The project from Terwilliger & Bartone Properties will bring 59 rental residences to .61 acres at 425 Railroad Ave.  The...

Construction challenged by rising costs, interest rates and shortages

Construction challenged by rising costs, interest rates and shortages

The construction industry faces big challenges from increasing costs and shortages of both labor and materials as well as rising interest rates, according to the Marcum Commercial Construction Index.  “While overall contractor confidence has dipped a bit...

Jersey Mike’s opening in Lynbrook

Jersey Mike’s opening in Lynbrook

A new Jersey Mike’s Sub shop will be opening in Lynbrook next week.  The chain’s latest Long Island location is a 1,200-square-foot space in the Philips Plaza shopping center at 643 Sunrise Highway.  Franchise owners and brothers Kevin Monge and Chris Monge...

Wren Kitchens to replace Modell’s in Massapequa

Wren Kitchens to replace Modell’s in Massapequa

Wren Kitchens has leased the space formerly occupied by Modell’s Sporting Goods in Massapequa.  The 18,100-square-foot retail space at 5500 Sunrise Highway will be the second Long Island showroom for Wren Kitchens, following the 19,500-square-foot showroom the...

Inked: Recent LI real estate deals

Inked: Recent LI real estate deals

355 Crooked Hill Road, Brentwood Bridge Logistics Properties purchased a 83,000-square-foot industrial building on 4.89 acres at 355 Crooked Hill Road in Brentwood for $18.15 million. The property is currently occupied by S&S Sports, an apparel and footwear...

Priciest home sales in Bayville

Priciest home sales in Bayville

Priciest home sales in Bayville (11709)  April 2022  The three highest-priced home sales in Bayville last month ranged from $820,000 to $1.25 million.  The priciest Bayville home sold in April was a 3-bedroom, 3-bath waterfront colonial on .07 acres at 7 E....

Long Island Builders Institute searches for new CEO

Long Island Builders Institute searches for new CEO

The Long Island Builders Institute is working with a national consulting firm to assist in its search for a new CEO.  The Manhattan office of Chicago-based executive search firm 20/20 Foresight is collecting resumes for the position to head LIBI, after the...

Melville industrial property trades for $14.5M

Melville industrial property trades for $14.5M

An industrial property in Melville has sold for $14.5 million.  Manhattan-based Bridge Logistics Properties purchased the 50,000-square-foot building on 5 acres at 5 Park Drive.  The building, which features about 10,000 square feet of refrigeration and freezer...

Bayport firm wins construction award for Bridgehampton project

Bayport firm wins construction award for Bridgehampton project

Lipsky Construction Company of Bayport has been awarded the Association of General Contractors Jeffery J. Zogg Build New York Award for the restoration of the historic Nathaniel Rogers House in Bridgehampton.  The Rogers House, which stood at the center of...

Inked: Recent LI real estate deals

Inked: Recent LI real estate deals

2150 Joshua’s Path, Hauppauge IT Savvy LLC leased 5,742 square feet of office space at 2150 Joshua’s Path in Hauppauge. Bob Desmond of Industry One Realty represented the tenant, while landlord Fairfield Properties was self-represented in the lease transaction....

Rocketing rates roil real estate

Rocketing rates roil real estate

The party’s over. After enjoying a few years of historically low interest rates that fueled a boom in real estate investments, those working in the residential and commercial sectors are dealing with a new reality, as the highest rates in more than a decade...

Priciest home sales in Lindenhurst

Priciest home sales in Lindenhurst

Priciest home sales in Lindenhurst (11757)  April 2022  The three highest-priced home sales in Lindenhurst last month ranged from $625,000 to $740,000.  The priciest Lindenhurst home sold in April was a 4-bedroom, 2-bath hi-ranch on .17 acres at 285 Albert...

Priciest home sales in Jamesport

Priciest home sales in Jamesport

Priciest home sales in Jamesport (11947)  April 2022  The three highest-priced home sales in Jamesport last month ranged from $625,000 to $1.185 million.  The priciest Jamesport home sold in April was a 4-bedroom, 3.5-bath waterfront townhouse at 64 Dune...

LI firm brokers $8.7M sale of Queens retail property

LI firm brokers $8.7M sale of Queens retail property

A Long Island firm has brokered the sale of a Queens retail property for $8.7 million.  Plainview-based Triple Net Brokers handled the sale of a 2,950-square-foot building on .28 acres at 73-55 Grand Ave. in Maspeth.  The buying entity, 169 Empire Boulevard...

Priciest home sales in Lloyd Harbor

Priciest home sales in Lloyd Harbor

Priciest home sales in Lloyd Harbor (11743)  April 2022  The three highest-priced home sales in Lloyd Harbor last month ranged from $1.895 million to $3.3 million.  The priciest Lloyd Harbor home sold in April was a 6-bedroom, 5.5-bath colonial on 2 acres at 3...

LandTek Group expands with Miami acquisition

LandTek Group expands with Miami acquisition

Bay Shore-based LandTek Group has acquired Carlson Fence, headquartered in Miami, for $10 million.  Additional terms of the deal were not disclosed.  Carlson, a provider of commercial fencing for the construction industry, will now operate as LTG Carlson Fence....

Priciest home sales in Freeport

Priciest home sales in Freeport

Priciest home sales in Freeport (11520)  March 2022  The three highest-priced home sales in Freeport last month ranged from $710,000 to $780,000.  The priciest Freeport home sold in March was a 4-bedroom, 3-bath waterfront hi-ranch on .09 acres at 4 Brunella...

Denver firm buying Northrop Grumman site in Bethpage for $51.2M

Denver firm buying Northrop Grumman site in Bethpage for $51.2M

Prologis, a Denver-based developer of logistics facilities, is in contract to buy property owned by Northrop Grumman for $51.2 million.  The buyer plans to build a 239,070-square-foot warehouse and distribution complex on the 17-acre Bethpage site, which is...

Wegmans plans its first Long Island supermarket

Wegmans plans its first Long Island supermarket

Rochester-based Wegmans Food Markets has announced it plans to open its first Long Island supermarket.  The company said it is in contract to purchase 8.5 acres of the 28-acre DSW Plaza Shopping Center in Lake Grove, where it plans to build a...

Clothing firm gets $41.15M financing for Bay Shore expansion

Clothing firm gets $41.15M financing for Bay Shore expansion

David Peyser Sportswear has secured $41.15 million in refinancing and acquisition financing for its expansion in Bay Shore.  The company recently embarked on a $33.7 million project to purchase and renovate the 167,729-square-foot industrial building on 7.92...

Inked: Recent LI real estate deals

Inked: Recent LI real estate deals

925 Waverly Ave., Holtsville U.S. Carpet Installation, a contractor for Home Depot, leased 14,985 square feet of industrial space at 925 Waverly Ave. in Holtsville. Desmond Mullins of Industry One Realty represented the tenant, while Ralph Perna of Schacker...

New Hyde Park retail strip fetches $4.6M

New Hyde Park retail strip fetches $4.6M

A strip of retail stores in New Hyde Park has traded for $4.6 million.  NHP Crossing LLC, an entity registered to a Woodbury-based real estate investor, purchased the eight-store strip totaling 13,715 square feet on 1 acre at 2038-2056 Hillside Ave.  The sale...

Priciest home sales in Westhampton Beach

Priciest home sales in Westhampton Beach

Priciest home sales in Westhampton Beach (11978)  March 2022  The three highest-priced home sales in Westhampton Beach last month ranged from $3.795 million to $7 million.  The priciest Westhampton Beach home sold in March was a 4-bedroom, 4.55-bath waterfront...

$100M logistics project planned for Shirley site

$100M logistics project planned for Shirley site

A new two-building logistics complex is on tap for a 48-acre development site in Shirley.  The $100 million project is a joint venture between Yonkers-based AVR Realty and Scannell Properties, a national developer headquartered in Indianapolis.  The plan calls...

Carle Place post office property sells for $1.535M

Carle Place post office property sells for $1.535M

A property in Carle Place leased to the United States Postal Service has sold for $1.535 million.  Postal Realty Trust, a Cedarhurst-based real estate investment trust, purchased the 3,812-square-foot building on .23 acres at 309 Westbury Ave.  The sale price...

Ronkonkoma industrial property trades for $2.6M

Ronkonkoma industrial property trades for $2.6M

2049 Ninth Ave. Ronkonkoma / Google Maps image By: David Winzelberg April 11, 2022 An industrial property in Ronkonkoma has sold for $2.6 million.  Statewide Roofing purchased a 12,000-square-foot warehouse on 1 acre at 2049 Ninth Ave.  The property, formerly...

Three East End mixed-use properties trade for $3.1M

Three East End mixed-use properties trade for $3.1M

104 Main St., 1 Glovers Lane and 3 Glovers Lane in Westhampton Beach. / Google Maps image By: David Winzelberg April 8, 2022 Three adjacent mixed-use properties in Westhampton Beach have sold for $3.1 million.  Bellmore-based MGD Investments purchased the...

Town seeks to halt development in three downtown areas

Town seeks to halt development in three downtown areas

Years after the Town of Hempstead approved rezoning to allow for more development in three of its underperforming downtowns, the town board is seeking to impose a year-long moratorium on new projects in those areas.  The town has scheduled a public hearing for...

Priciest home sales in Setauket

Priciest home sales in Setauket

Priciest home sales in Setauket (11733)  March 2022  The three highest-priced home sales in Setauket last month ranged from $860,000 to $2.333 million.  The priciest Setauket home sold in March was a 5-bedroom, 4.5-bath waterfront expanded ranch on 2 acres at 9...

Priciest home sales in Northport

Priciest home sales in Northport

Priciest home sales in Northport (11768)  March 2022  The three highest-priced home sales in Northport last month ranged from $1.199 million to $1.5 million.  The priciest Northport home sold in March was a 5-bedroom, 4.5-bath colonial on .37 acres at 123...

$21M Hauppauge sale clears way for new warehouse

$21M Hauppauge sale clears way for new warehouse

An office property in Hauppauge has been sold to an Illinois development firm that plans to build a new warehouse on the site.  Venture One Real Estate purchased the vacant 90,000-square-foot office building on 7.42 acres at 49 Wireless Blvd for $21 million. ...

Priciest home sales in Riverhead

Priciest home sales in Riverhead

Priciest home sales in Riverhead (11901)  February 2022  The three highest-priced home sales in Riverhead last month ranged from $550,000 to $725,000.  The priciest Riverhead home sold in February was a 5-bedroom, 3-bath two-family home on .35 acres at 911...

Priciest home sales in Ridge

Priciest home sales in Ridge

Priciest home sales in Ridge (11961)  February 2022  The three highest-priced home sales in Ridge last month ranged from $510,000 to $701,000.  The priciest Ridge home sold in February was a 4-bedroom, 3.5-bath colonial on .28 acres at 29 Wildflower Drive that...

$8.4M Ground Transportation Center opens at MacArthur

$8.4M Ground Transportation Center opens at MacArthur

Town of Islip officials unveiled a new Ground Transportation Center at MacArthur Airport on Thursday.  The 12,000-square-foot facility centralizes all ground transportation to serve visitors and travelers, with rental cars, taxis, buses, auto transport,...

Priciest home sales in St. James

Priciest home sales in St. James

Priciest home sales in St. James (11780)  February 2022  The three highest-priced home sales in St. James last month ranged from $600,000 to $1.08 million.  The priciest St. James home sold in February was a 6-bedroom, 4.5-bath  colonial on 1.25 acres at 27...

Inked: Recent LI real estate deals

Inked: Recent LI real estate deals

91 Moffit Blvd., Bay Shore Royalty Detailing leased 2,500 square feet of industrial space at 91 Moffit Blvd. in Bay Shore. Michael Zere of Zere Real Estate Services represented the tenant, as well as the landlord, J&J LLC, in the lease transaction. 300...

Cardiology practice expanding in East Setauket

Cardiology practice expanding in East Setauket

North Suffolk Cardiology is expanding its offices in East Setauket.  The cardiology practice signed a 10-year lease for 23,000 square feet in the Stony Brook Technology Center at 45 Research Way, where it has been located for more than 20 years. The new lease...

February home sales fall amid higher mortgage rates, prices

February home sales fall amid higher mortgage rates, prices

Sales of previously occupied U.S. homes fell in February as competition for a near-record low number of properties on the market drove prices higher and rising mortgage rates kept would-be buyers on the sidelines. Existing home sales fell 7.2% last month from...

Inked: Recent LI real estate deals

Inked: Recent LI real estate deals

22 Industrial Blvd., Medford Channel Communications leased 3,000 square feet of industrial space at 22 Industrial Blvd. in Medford. Michael Zere of Zere Real Estate Services represented the tenant, as well as the landlord, TDS Inc., in the lease transaction....

Bed Bath & Beyond renews Bohemia lease

Bed Bath & Beyond renews Bohemia lease

Bed Bath & Beyond store in the Sayville Plaza shopping center, / Google Maps image By: David Winzelberg March 14, 2022 Bed Bath & Beyond has renewed its lease in Bohemia.  The home merchandise retailer will continue to operate the 42,000-square-foot...

Priciest home sales in Holbrook

Priciest home sales in Holbrook

Priciest home sales in Holbrook (11741)  February 2022  The three highest-priced home sales in Holbrook last month ranged from $625,000 to $730,000.  The priciest Holbrook home sold in February was a 4-bedroom, 2.55-bath colonial on .33 acres at 101 Paul...

Bohemia industrial flex property trades for $2.525M

Bohemia industrial flex property trades for $2.525M

1500 Ocean Ave. Bohemia / Google Maps image By: David Winzelberg March 10, 2022 An industrial/flex property in Bohemia has sold for $2.525 million.  MGS LLC, an entity registered to a Westbury-based commercial real estate investor, purchased the...

Priciest home sales in Blue Point

Priciest home sales in Blue Point

Priciest home sales in Blue Point (11715)  February 2022  The three highest-priced home sales in Blue Point last month ranged from $815,000 to $1.155 million.  The priciest Blue Point home sold in February was a 4-bedroom, 3-bath bank-owned contemporary on...

Long Island home prices rise as sales fall

Long Island home prices rise as sales fall

Despite being challenged by low inventory and rising mortgage rates, the Long Island housing market has so far remained resilient.  Though last month’s pending home sales saw a year-over-year decline, home prices are still on the rise.  The median price of...

LI firm acquires Manhattan mixed-use building for $55M

LI firm acquires Manhattan mixed-use building for $55M

Port Washington-based BEB Capital has purchased a mixed-use building in Manhattan for $55 million.  The real estate investment firm bought the 56,750-square-foot building at 312-316 30th St. known as Ivy 30.  Built in 1986, the building has 66 apartments and...

Farmingdale State to host Offshore Wind Conference

Farmingdale State to host Offshore Wind Conference

Farmingdale State College will be hosting its annual Offshore Wind Conference this week.  The two-day virtual event, scheduled for Thursday, March 3 and Friday, March 4, will focus on workforce development for the offshore wind power industry and provide...

Manufacturer closes on $8.5M Farmingdale acquisition

Manufacturer closes on $8.5M Farmingdale acquisition

National Compressor Exchange closed on its purchase of an industrial property in Farmingdale for $8.5 million.  Headquartered in Ridgewood, Queens, the company bought a 40,213-square-foot building on 2.68 acres at 1900 New Highway.  The property is the second...

Frozen food firm closes on $5.35M Hauppauge property

Frozen food firm closes on $5.35M Hauppauge property

E&M Logistics has closed on its $5.35 million acquisition of a Hauppauge office property.  The company, a distributor of several brands of ice cream and frozen foods including Haagen-Dazs, Edy’s, Blue Bunny, Dolly Madison, Freshetta and DiGiorno Pizzas, is...

Sale of Riverhead development site advances new rental project

Sale of Riverhead development site advances new rental project

Huntington-based G2D Development has purchased a development site in downtown Riverhead for $2.55 million.  The half-acre property, which currently has a vacant, 10,000-square-foot medical office on it, is located at 205 Osborn Ave., a block from the Riverhead...

Allure Home Improvements acquired by private equity firm

Allure Home Improvements acquired by private equity firm

East Meadow-based Allure Home Improvements has been acquired by Audax Private Equity.  Terms of the deal were not disclosed.  Allure was one of three regional companies folded into the newly formed Renovo Home Partners, headquartered in Dallas. The other two...

Medford bus yard sells for $4.5M

Medford bus yard sells for $4.5M

A bus yard in Medford has sold for $4.5 million.  LGR Properties 30 LLC, an entity registered to Montauk Bus, purchased a 6,540-square-foot industrial building on 16.08 acres at 30 West Yaphank Road.  The property is currently leased to Durham School Services....

73-acre land deal paves way for new industrial park

73-acre land deal paves way for new industrial park

Plainview-based Rechler Equity Partners has purchased 73 acres in Medford where it plans to develop a new industrial park.  The sale price was not disclosed, but real estate industry sources say it was about $38 million.  The property off Horseblock Road was...

New Chase bank opens at Village Square in Glen Cove

New Chase bank opens at Village Square in Glen Cove

Local officials joined development executives at a ribbon-cutting event Wednesday for a new Chase bank branch at the Village Square mixed-use project in Glen Cove.  Chase leased 3,945 square feet of the retail space at the Village Square complex that was...

LI firm brokers Queens warehouse lease

LI firm brokers Queens warehouse lease

A Jericho-based commercial real estate firm has brokered the lease of a 70,000-square-foot warehouse in Queens.  Blossom Kitchen & Bath Supply Company leased the industrial building at 52-15 Flushing Ave. in Maspeth. The company is expanding and relocating...

Construction begins on South Fork Wind project

Construction begins on South Fork Wind project

Federal, state and local officials announced the start of construction of the South Fork Wind project at a press event in Wainscott Friday.  The project from Ørsted and Eversource is the state’s first offshore wind installation and will put a dozen wind...

Priciest home sales in West Islip

Priciest home sales in West Islip

Priciest home sales in West Islip (11795)  January 2022  The three highest-priced home sales in West Islip last month ranged from $835,000 to $1.8 million.  The priciest West Islip home sold in January was a 4-bedroom, 3.5-bath waterfront colonial on .34 acres...

Pharma firm gets IDA help with $5.8M Copiague project

Pharma firm gets IDA help with $5.8M Copiague project

Private Label Developments, a manufacturer of over-the-counter pharmaceuticals, will receive economic incentives from the Town of Babylon Industrial Development Agency for a major renovation project in Copiague.  The company is investing $5.8 million on...

Priciest home sales in Hampton Bays

Priciest home sales in Hampton Bays

Priciest home sales in Hampton Bays (11946)  January 2022  The three highest-priced home sales in Hampton Bays last month ranged from $925,000 to $1.775 million.  The priciest Hampton Bays home sold in January was a 3-bedroom, 3-bath waterfront ranch on...

NYC and East End Coldwell Banker brokerages merge

NYC and East End Coldwell Banker brokerages merge

New York City-based Coldwell Banker Reliable Real Estate has merged with Coldwell Banker Beau Hulse Realty Group, which has offices on the East End of Long Island.  Terms of the deal were not disclosed.  The combined company will operate under the Coldwell...

LI continues to lead nation in construction employment decline

LI continues to lead nation in construction employment decline

Nassau and Suffolk counties led the country again in declining construction employment in December, the fourth straight month that Long Island had the largest drop among 358 U.S. metro areas.  The number of construction jobs in Nassau and Suffolk in December...

North Bellmore retail property trades for $4.888M

North Bellmore retail property trades for $4.888M

A newly built retail property in North Bellmore has sold for $4.888 million.  KPK RE, LLC, an entity registered to a Poughkeepsie-based real estate investor, purchased the newly built 2,580-square-foot convenience store at 2663 Jerusalem Ave. at the corner of...

Huntington Station mixed-use project gets IDA assist

Huntington Station mixed-use project gets IDA assist

A $7.3 million project to develop a mixed-use building in Huntington Station has received preliminary approval for economic incentives from the Suffolk County Industrial Development Agency.  Blue & Gold Holdings is planning to construct a 16-unit apartment...

Priciest home sales in Franklin Square

Priciest home sales in Franklin Square

Priciest home sales in Franklin Square (11010)  December 2021  The three highest-priced home sales in Franklin Square last month ranged from $950,000 to $1.35 million.  The priciest Franklin Square home sold in December was a 4-bedroom, 3.5-bath colonial on .17...

Priciest home sales in Lindenhurst

Priciest home sales in Lindenhurst

Priciest home sales in Lindenhurst (11757)  December 2021  The three highest-priced home sales in Lindenhurst last month ranged from $645,000 to $700,000.  The priciest Lindenhurst home sold in December was a 5-bedroom, 2-bath waterfront home on .15 acres at...

Priciest home sales in Mt. Sinai

Priciest home sales in Mt. Sinai

Priciest home sales in Mt. Sinai (11766)  December 2021  The three highest-priced home sales in Mt. Sinai last month ranged from $992,995 to $1.099 million.  The priciest Mt. Sinai home sold in December was a 4-bedroom, 4.5-bath post-modern on .69 acres at 24...

Beechwood going big with multiple projects in North Carolina

Beechwood going big with multiple projects in North Carolina

The Beechwood Organization, one of Long Island’s most prolific residential developers, is embarking on some major projects down south.  Jericho-based Beechwood plans to break ground shortly on 319 luxury homes in four different communities in the Charlotte,...

RXR sells another Woodbury property

RXR sells another Woodbury property

RXR Realty has sold another one of its office properties in Woodbury.  The price was not disclosed but real estate sources say it sold for $2 million.  Plainview-based Dunkirk Realty purchased the 35,000-square-foot building on 3.68 acres at 420-424 Crossways...

Priciest home sales in Hampton Bays

Priciest home sales in Hampton Bays

Priciest home sales in Hampton Bays (11946)  December 2021  The three highest-priced home sales in Hampton Bays last month ranged from $1.15 million to $2.35 million.  The priciest Hampton Bays home sold in December was a 4-bedroom, 3-bath waterfront ranch on...

With new Whole Foods as anchor, retail center begins $75M reboot

With new Whole Foods as anchor, retail center begins $75M reboot

After securing a new Whole Foods store to anchor the Huntington Shopping Center on Route 110, its owner is embarking on a $75 million facelift and expansion for the property.  Publicly traded Federal Realty Investment Trust announced Thursday it will have a new...

Two new tenants coming to Port Washington center

Two new tenants coming to Port Washington center

The Soundview Marketplace in Port Washington is getting two new tenants.  Five Below, the Philadelphia-based specialty discount chain, is leasing 10,000 square feet of retail space in the center located at 10 Shore Road.  Also coming to Soundview Marketplace is...

LI firm sells four shopping centers for $130M

LI firm sells four shopping centers for $130M

Serota Properties has sold four of its Long Island shopping centers to a publicly traded real estate investment trust for $130 million.  The buyer is Jacksonville, Fla.-based Regency Centers, which already owns five retail centers here.  The REIT’s new...

Priciest home sales in St. James

Priciest home sales in St. James

Priciest home sales in St. James (11780)  December 2021  The three highest-priced home sales in St. James last month ranged from $799,000 to $1.175 million.  The priciest St. James home sold in December was a 5-bedroom, 3.5-bath ranch on 2 acres at 1 Meadow...

LI firm expands with lease of Copiague property

LI firm expands with lease of Copiague property

A Wyandanch-based distributor has leased a 64,184-square-foot industrial building in Copiague.  The Oil and Lubricant Depot, a supplier of motor oils lubricants and related products, will use the building and its 4.5-acre property at 65 Court St. to expand...

West Babylon industrial property trades for $4.869M

West Babylon industrial property trades for $4.869M

A West Babylon industrial property has sold for $4.869 million.  Port Washington-based BEB Capital purchased the 16,000-square-foot building on 2.61 acres at 174 Cabot St.  The property, which features 40 loading docks, is leased to Shea Trucking.  “This...

Priciest home sales in Jamesport

Priciest home sales in Jamesport

Priciest home sales in Jamesport (11947)  December 2021  The three highest-priced home sales in Jamesport last month ranged from $785,000 to $2.78 million.  The priciest Jamesport home sold in December was a 4-bedroom, 3.5-bath farmhouse on 6.27 acres at 1810...

Douglas Elliman begins trading on NYSE

Douglas Elliman begins trading on NYSE

Real estate brokerage firm Douglas Elliman has completed its spin-off from Vector Group and begins trading Thursday on the New York Stock Exchange.  Listed under the symbol DOUG, the company was added to the S&P SmallCap 600 before the start of trading. ...

Priciest home sales in Farmingville

Priciest home sales in Farmingville

Priciest home sales in Farmingville (11738)  November 2021  The three highest-priced home sales in Farmingville last month ranged from $520,000 to $675,000.  The priciest Farmingville home sold in November was a 4-bedroom, 3-bath colonial on .28 acres at 35...

Brentwood industrial property trades for $3.885M

Brentwood industrial property trades for $3.885M

An industrial property in Brentwood has sold for $3.885 million.  Corner Electronics, a distributor of electronics and small appliances, purchased the 38,000-square-foot industrial building on 1.36 acres at 100 Emjay Blvd.   Established in 1985, Corner...

Queens firm closes on $6.2M Farmingdale industrial acquisition

Queens firm closes on $6.2M Farmingdale industrial acquisition

A Queens-based manufacturer has closed on its purchase of an industrial property in Farmingdale for $6.2 million.  National Compressor Exchange, headquartered in Ridgewood, bought a 31,873-square-foot industrial building on 1.49 acres at 5 Dubon Court.  The...

Serota sells 138-acre Holbrook development site for $150M

Serota sells 138-acre Holbrook development site for $150M

Serota Properties has sold its long-dormant 138-acre development site in Holbrook.  The price was not disclosed, but real estate industry sources say the property sold for $150 million.  The buyer is Indianapolis-based Scannell Properties, a privately held real...

Carvana acquires Garden City land for $9.7M

Carvana acquires Garden City land for $9.7M

Carvana, the online car retailer, has purchased land in Garden City for $9.7 million.  The Tempe, Ariz.-based company acquired 1.9 acres of industrial-zoned land at 6 North Ave., adjacent to the new Whole Foods on East Gate Boulevard and across from the Hampton...

West Hempstead office property sells for $6M

West Hempstead office property sells for $6M

An office building in West Hempstead has been sold to a Long Island real estate investment firm.  Great Neck-based Excel Capital Group purchased the 72,000-square-foot building on 2.62 acres at 60 Hempstead Ave.  The price was not disclosed, but industry...

Empty Dealertrack building in limbo as company explores options

Empty Dealertrack building in limbo as company explores options

After opening with a flourish a little more than four years ago, the 232,000-square-foot office building developed for Dealertrack Technologies in North Hills now sits mostly empty.  The $120 million project, the largest single-tenanted office complex built on...

US home construction rebounds a strong 11.8% in November

US home construction rebounds a strong 11.8% in November

New home construction in the U.S. rebounded 11.8% in November as strong demand continues to boost builder confidence even with the slower winter season approaching. The double-digit percentage increase last month left home construction at a seasonally adjusted...

Long Island home prices hold firm amid record-low inventory

Long Island home prices hold firm amid record-low inventory

After three months of declines, the prices of Long Island home sales ticked back up in November, buoyed by a decreasing supply of available homes for sale.  The median price of closed home sales in Nassau County last month was $652,500, slightly higher than...