Category: Long Island

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has approved a major investment to support Orbic Electronics Manufacturing LLC in launching “Project Patriot,” a bold initiative to return high-tech electronics manufacturing to Suffolk County.

Bellport, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the IDA has closed on a package of economic incentives that will allow a biotechnology company in Stony Brook University’s Long Island High Tech Incubator (LIHTI) to buy and equip an

Hauppauge, NY Mason Technologies Inc. plans to establish a new global headquarters at 395 Oser Ave. This $20.8 million expansion project is anticipated to retain 237 current Suffolk County jobs and create an additional 25 new positions, bringing the company’s local workforce to 262.

Bay Shore, NY JLL Capital Markets arranged $140 million to refinance the Shoregate, a newly-built, 418-unit multi-housing development located at 143 4th Ave.

Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS-LI) presented the 2024 “Most Ingenious Deal of the Year” award to Philip Shwom, SIOR, CCIM, president of Schacker Real Estate Corp., for his leadership in securing Antech Diagnostics’ lease of 87,864 s/f at 195 N. Broadway in Hicksville.

It is no secret that New York State, and Long Island in particular, has some of the highest property taxes in the country. As a result, the majority of property owners on Long Island challenge their real estate tax assessments annually. In most taxing jurisdictions on Long Island, the real estate tax assessment

Hauppauge, NY HIA-LI’s Economic Development Task Force held an exclusive “The Process and The Project” presentation highlighting the proposed South Bay Village project from Rechler Equity Partners. The event brought together regional business leaders, elected officials, and community stakeholders to discuss the vision for the shuttered Island Hills Golf Course in Sayville.

Farmingdale, NY Sterling Equities, (Sterling), a fully-integrated investment firm with holdings in real estate, media and sports, announced the completion and grand opening of a newly built three-story self-storage facility located at 505 Bi-County Blvd.  The new

Melville, NY Stellar Rose Group Inc. negotiated the sale of a 1,850 s/f building at 89 Ruland Rd. The sales price was $830,000. Joseph Barbuto, MBA, of Stellar Rose Group, represented both the seller and buyer as the real estate broker.

Farmingville, NY BRP Companies celebrated the grand opening of the remaining units of the Arboretum at Farmingville, a 491,000 s/f, 292-unit, garden-style, residential community located at 20 Maple Ln. within the town of Brookhaven.

Montauk, NY Marcus & Millichap brokered the $34.35 million sale of Gosman’s Dock, a 48,145 s/f, nine-property mixed-use commercial real estate portfolio on 11.6 acres.

Garden City, NY According to Southern Land Company (SLC), a national real estate developer and community management company, Florent, its new luxury rental community, is 55% leased, less than five months after opening its doors – despite launching in the