By David Reich-Hale – Newsday
November 14, 2018

Hartz Mountain Industries, the new owner of the Melville property that includes the headquarters of the Newsday Media Group, doesn’t expect construction to begin on new industrial buildings at the location before 2020, Hartz’s president said Wednesday.

The real estate development company, which bought the property for $54.5 million earlier this year, plans to knock down the current facility and build 600,000-square-foot and 200,000-square-foot industrial buildings at 235 Pinelawn Rd., said Gus Milano, president of Secaucus, New Jersey-based Hartz.

“Those are the approximate sizes, but it could change a little, since we are working with the town,” he said, after speaking at a Melville event hosted by CIBS, a commercial and industrial real estate brokers organization.
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An update regarding CIBS’ new EDAC initiative.

CIBS board member John Magnani and CIBS Secretary Michael Rosenfeld attended a session of the Nassau County Legislature where a vote was taken on an amendment to the lease for the Nassau Hub site to allow RXR to join BSE as master developers.

During the open public comments period Magnani read the following statement to the legislature:

“I am a proud resident of the Town of Hempstead. I am the head of the Commercial Division of Daniel Gale Sotheby's International Realty and member of the Commercial Industrial Brokers Society, the largest commercial brokers organization on Long Island.
We are in constant contact with all of Long Islands major employers and we hear their concerns, difficulties and desires. The most underlying and common topics are access to younger demographic employees, diversified housing stock and both Transit and Employment Oriented Districts offering more Live-Work-Play communities. From an economic standpoint, the multiplier effect of a $1.5 billion development means years of good paying architectural, engineering and legal jobs, additional years of good paying construction jobs and subsequent permanent jobs. This development will increase local tax base revenues without shifting the burden of property tax shortfalls to the residents. CIBS therefor endorses this project and would ask the Town Board to consider all that we have said before rendering any land use decisions.
Thank you.”
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Commercial Industrial Broker Society of Long Island

CIBS was formed in 1993 out of the shared belief among the region’s leading brokers that the region needed a unified voice to advocate on behalf of professionalism, ethics and industry cohesion.  Since its formation, CIBS has helped upgrade the industry by offering hundreds of educational programs, seminars, and presentations; advocated professional standards and offered grievance resolution; provided informal mentoring relationships; raised tens of thousands of dollars for local charities; and created social settings in which colleagues have become friends, and competitors respected peers.

CONTACT CIBS

6800 Jericho Turnpike
Suite 120W
Syosset, NY 11791
cmajid@cibs-li.com

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