News: Brokerage

Suffolk IDA executive director Murphy to address Long Island Metro Business Action on June 6

Kelly Murphy

Commack, NY On June 6, Kelly Murphy, executive director and CEO of the Suffolk County Industrial Development Agency (IDA), will be the featured speaker at the Long Island Metro Business Action (LIMBA) breakfast forum. The event will be held at 8:30 a.m. at the Candlelight Diner in Commack.

Murphy will speak about economic development on Long Island, and the Suffolk IDA’s ongoing efforts to strengthen the local economy through strategic partnerships and new community investments.

Murphy brings over a decade of experience in economic development, having led the Suffolk IDA as executive director since 2024 after serving as acting executive director. Prior to that, Kelly was the agency’s deputy executive director, beginning in 2015. Her career also includes key roles such as assistant to the commissioner of Suffolk County economic development and planning, executive director of the Glen Cove CDA/IDA, and director of strategic initiatives for the City of Glen Cove.

Under her leadership, the Suffolk IDA has facilitated hundreds of millions of dollars in private-sector investment, creating and retaining thousands of jobs across industries such as manufacturing, biotechnology, construction, and clean energy. In the past three years alone, Suffolk IDA-backed projects have generated more than $400 million in capital investment and helped local companies expand, relocate, or remain rooted in the region.

“It’s an exciting time for Suffolk County’s economy,” said Murphy. “Our focus remains on helping businesses grow, creating quality jobs, and ensuring that Suffolk remains a place where both companies and communities succeed.”

LIMBA, Long Island’s longest-running business civic organization, regularly features influential voices in government, infrastructure, and economic growth. For more information or to register for the June 6th event, visit https://limba.net.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.