Real estate fed

Syndicate content
The premier source of Long Island news and data on business, economic trends and the region’s robust entrepreneurial sector.
URL: http://libn.com
Updated: 3 hours 53 min ago

Taubman rips Simon for funding mall opposition

February 3, 2012 - 6:20am
As Michigan-based Taubman Centers prepares to present its Syosset shopping mall proposal to the Long Island Regional Planning Council on Tuesday, the company is calling out a rival retail developer for its underhanded efforts to keep it out of Long Island. Taubman charges that Indianapolis-based Simon Property Group, which has bankrolled the main civic group against [...]

World Trade Center design flaw could cost millions

January 31, 2012 - 3:05pm
The agency building the new World Trade Center says a design flaw could cost it millions of dollars. The Port Authority of New York and New Jersey said Tuesday the loading dock under One World Trade Center won’t be finished in time for tenants to move their equipment into the 104-story tower. So it’s building five [...]

Home prices dropped in November in most cities

January 31, 2012 - 9:37am
U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market. Prices dropped in November from October in 19 of the 20 cities tracked, according to the Standard & Poor’s/Case-Shiller [...]

WAC closes on $12.3 million Port Washington buy

January 30, 2012 - 3:20pm
Garden City-based WAC Lighting has closed on its $12.3 million purchase of a 145,000-square-foot building in Port Washington. WAC has pledged to add 228 jobs at the facility and get 15 years of tax breaks from the Nassau County Industrial Development Agency, according to public records. The Harbor Drive property was the home of Luxottica U.S., an [...]

AG revamps public offering of real estate

January 30, 2012 - 2:33pm
New York Attorney General Eric Schneiderman announced a new policy Monday to help streamline the public offering of residences in cooperatives, condominiums, homeowners associations and timeshares, according to a statement. The policy, effective on April 1, will require developers to give prospective purchasers the option of receiving plans in a searchable digital format. It’s part of [...]

Arbor writes $46.5M in Texas multifamily loans

January 30, 2012 - 10:48am
Uniondale-based Arbor Commercial Funding, a direct commercial real estate lender, recently funded about $46.5 million for refinancing and purchase of six rental apartment complexes in Texas, according to a company statement. The loans, made under three Fannie Mae products, included refinances of $16.96 million for the 312-residence Red Oak Town Village Apartments in Red Oak, Texas; [...]

C-III closes on NAI Global purchase

January 27, 2012 - 10:54am
NAI Global announced Thursday that its previously reported acquisition by Irving, Texas-based C-III Capital Partners has been completed. Financial terms of the deal weren’t disclosed. Led by Andrew Farkas, CEO of Insignia Financial Group, C-III engages in special loan servicing, loan origination, fund management, title services and multifamily property management, among other real estate-related activities. NAI Global [...]

7 worst places to build on LI

January 27, 2012 - 6:46am
Throughout most of the 1900s, building was welcomed on Long Island. With thousands moving east from the city, communities grew exponentially and construction boomed. Ambitious developers turned vacant fields into neighborhoods and small centers of commerce, usually with the support of local governments seeking a broader tax base to pay for an increasing demand for [...]

Harbor Freight expands in Huntington, Centereach

January 26, 2012 - 3:09pm
Harbor Freight Tools, a chain of tool and equipment stores, is opening new stores in Huntington and Centereach. The company already has Long Island locations in Bay Shore, Commack and Hempstead. The Huntington store is a 19,000-square-foot space on Jericho Turnpike last occupied by Loehmann’s. The Centereach store is a 16,000-square-foot space on Middle Country Road. Family-owned Harbor [...]

Reports: LI housing prices still in decline

January 26, 2012 - 6:43am
Reports from two Long Island real estate brokerages show that the housing market is still struggling. Pending sales – homes in contract – dropped 7 percent to 4,134 contracts in the fourth quarter of 2011, down from 4,447 contracts in the fourth quarter of 2010, according to the latest report from real estate broker Prudential Douglas [...]

Sales contracts for homes dip from 19-month high

January 25, 2012 - 2:02pm
The number of Americans who signed contracts to buy homes fell in December after hitting the highest level in a year and a half a month earlier. The National Association of Realtors said Wednesday its index of sales agreements fell 3.5 percent last month to a reading of 96.6. That’s down from November’s reading of 100.1. But [...]

Obama proposes broad home refinancing

January 25, 2012 - 9:44am
President Barack Obama is proposing a program to allow homeowners with privately held mortgages to refinance at lower interest rates. The program would cover both loans issued by government-controlled mortgage giants Fannie Mae and Freddie Mac and private mortgage lenders. Congress would have to approve, a difficult hurdle. Obama announced the plan, his latest of several housing [...]

BJ’s Wholesale Club opening in Deer Park

January 24, 2012 - 3:45pm
BJ’s Wholesale Club has opened its newest Long Island location at 1900 The Arches Circle in Deer Park. The discount chain will host a grand opening celebration at the 85,000-square-foot store on Saturday and Sunday, according to a statement. In honor of its opening, the newest BJ’s has partnered with the John F. Kennedy Intermediate School in [...]

Kimco buys centers in Texas, Arizona for $17.4M

January 23, 2012 - 4:49pm
New Hyde Park-based Kimco Realty spent $17.4 million to buy two shopping centers in Arizona and Texas. Kimco purchased Woodbridge Shopping Center in Sugar Land, Texas, and Bell Camino in Sun City, Ariz., for the $17.4 million price tag that included $4.2 million of mortgage debt, according to a company statement. Located about 23 miles outside Houston, [...]

Dollar Tree to open in Hicksville

January 23, 2012 - 11:46am
Dollar Tree has signed a 10-year lease for 9,044-square-feet at the Jerusalem Avenue Shopping Center in Hicksville. The discount retailer is scheduled to open its new location in February, pending construction. The 30,850-square-foot Hicksville center is now 98 percent occupied, according to a statement from its landlord, Queens-based Muss Development. Nicholas Forelli, a Muss vice president, represented the [...]

US home sales up at end of dismal year

January 20, 2012 - 10:36am
Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled U.S. housing market improved at the end of last year Still, sales remain depressed and ended 2011 well below healthy levels. Related stories The National Association of Realtors says home sales increased 5 percent last month [...]

Baldwin’s grand plans in limbo

January 20, 2012 - 8:38am
The Baldwin neighborhood where store owner Howard Gainsburg has worked since 1975 has gone through a lot of changes in the last 37 years, few of them good. For a while, there was hope. In 2006 the Town of Hempstead came up with an urban renewal plan for a 6-acre, mostly blighted section of Grand Avenue [...]

Blumenfeld sells Lake Grove center for $72.5M

January 18, 2012 - 1:45pm
Syosset-based Blumenfeld Development Group has sold its 141,382-square-foot shopping center called Lake Grove Commons to Regency Centers for about $72.5 million. Built by BDG in 2008, the center on Nesconset Highway is home to Whole Foods Market, LA Fitness, Petco and three other national tenants. Lake Grove Commons is the fifth grocery-anchored center acquisition for Jacksonville, Fla.-based [...]

First Orangetheory Fitness Studio on LI to open

January 18, 2012 - 1:23pm
Long Island’s first Orangetheory Fitness Studio is coming to an East Northport shopping center. The fitness studio has leased 3,480 square feet in the Huntington Square Mall on Jericho Turnpike and is expected to open in February, according to a statement. The Orangetheory franchise is owned by Chris and Elyse Pederson, who also own the Massage Envy [...]

Title company moves to Melville

January 18, 2012 - 12:21pm
Lincoln Land Services, a title insurance and escrow service provider, leased 3,800 square feet of office space at 324 South Service Road in Melville. The lease to Lincoln Land, which is relocating from Rockville Centre, brings occupancy at the 133,050-square-foot building to about 95 percent, according to a company statement. Craig Weiss, managing director of T. Weiss, [...]
123456next ›last »