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Southampton museum departing downtown

July 30, 2010 - 1:03pm
For more than a century, the Parrish Art Museum has been a fixture in Southampton Village, growing from a small gallery to an artistic center. But after initial efforts to expand downtown, the museum instead is gearing up to exit the village and build a new $25 million museum on 14 acres in Water Mill. The [...]

Levy pushes unified permitting

July 30, 2010 - 10:55am
Suffolk County Executive Steve Levy pushed the county's smart permitting plan to business leaders Friday in Ronkonkoma. Addressing a meeting of the Long Island Mid-Suffolk Business Association, Levy said county officials are working on creating a uniform building permit application for all 10 towns, a move that will streamline the process for doing any construction work [...]

Alleged fee-fixing at sand digs

July 30, 2010 - 7:53am
Any way you look at it, sand is Long Island's most valuable natural resource. As one of the main ingredients in concrete and asphalt, sand is in heavy demand. Every day hundreds of trucks roll down the Long Island Expressway carrying thousands of tons of sand to construction sites and asphalt plants in and around New [...]

LI’s finite sand supply dwindling

July 30, 2010 - 7:52am
With more than 1,500 miles of shoreline, Long Island is surrounded by sand. But the good stuff isn't at the beach. Large deposits of glacially produced, pristine sand lie beneath much of the Island, and its value hasn't been lost on those who've been digging it here for 150 years. Perfect for making cement, concrete and asphalt, [...]

Foreclosures up across most US cities

July 29, 2010 - 8:18am
Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows. The trend is the latest sign that the nation's foreclosure crisis is worsening as homeowners battling high unemployment, slow job growth and an uneven rebound in [...]

Zere brokers 90,000 SF in smaller spaces

July 28, 2010 - 12:28pm
Zere brokers 90,000 SF in smaller spaces Long Island companies are still consolidating and many are looking for smaller spaces. Michael Zere, vice president of Ronkonkoma-based Zere Real Estate Services said he has recently brokered more than 90,000 square feet of industrial and office space in several small lease signings. Some of Zere's deals included 17,000 square feet [...]

Christie Brinkley house for sale for $15.75M

July 28, 2010 - 8:10am
You too can live like Christie Brinkley. All you need is $15.75 million. The supermodel has put one of her Long Island properties up for sale. It's a five-bedroom house on 4 1/2 acres in Sag Harbor on the Island's East End. According to records, Brinkley bought the house in 2004 for $7.15 million. She owns other [...]

LNK buys Hauppauge building for $8M

July 26, 2010 - 4:11pm
Over-the-counter drug maker LNK International paid about $8 million for a vacant 93,000-square-foot industrial building at 55 Arkay Drive in Hauppauge. LNK will use the building, which has 3,000 square feet of office space and 40,000 square feet of manufacturing space, to expand its manufacturing and warehousing footprint. LNK will still [...]

FTC bans 8 from selling mortgage relief

July 26, 2010 - 1:33pm
Federal regulators have banned eight individuals and companies from selling mortgage-relief services, settling charges that they used false advertising to deceive homeowners facing foreclosure. The Federal Trade Commission said Monday that it has ordered the firms and individuals to return $29.2 million in fees that they allegedly collected from clients. However, some of the individuals charged [...]

Uncertainty puts Heritage Square on hold

July 23, 2010 - 1:14pm
Heritage Square in East Moriches is on the market. Owned jointly by Port Jefferson-based Katter Development and Landmark Properties of Suffolk in Rocky Point, the site, zoned for a planned retirement community, is being marketed by a California firm that is accepting bids on the property until Aug. 5. It's been two years since the project got [...]

Blumenfelds bring Target to Manhattan

July 23, 2010 - 10:37am
After so many retail development successes on Long Island, the Blumenfeld clan is making its mark in Manhattan. Blumenfeld Development Group patriarch Ed Blumenfeld was joined by New York City Mayor Michael Bloomberg and other city officials Tuesday as he cut the ribbon the 500,000-square-foot East River Plaza shopping center. Syosset-based BDG partnered with Forest City [...]

Tuckahoe debates mixed-use plan

July 22, 2010 - 12:50pm
A redevelopment project that mixes supermarket-anchored retail with a dozen rental apartments has been met with organized and well-funded opposition in the East End hamlet of Tuckahoe. The developer, Southampton Venture, is trying to get the Town of Southampton to approve a planned development district for 12.4 acres off of County Road 39 that would allow [...]

Banks work with commercial RE owners

July 21, 2010 - 1:26pm
A foreclosure can be devastating for a property owner, but it's not so hot for a bank either, especially now. While many commercial property owners are in default on their loans or headed in that direction, banks and other lenders - more so than in other down cycles - are working with the borrowers on loan [...]

Grocers gain from recession

July 21, 2010 - 1:15pm
Specialty food markets are opening and thriving on Long Island despite the struggling economy. Many industry experts attribute consumers' increasing interest in gourmet cooking and food quality and the recent surge in popularity of Food Network programs to the success of these nontraditional supermarkets. Some also credit the recession's impact on dining out for lifting [...]

Gas stations vanishing off LI

July 21, 2010 - 8:14am
Gas stations are disappearing from street corners; retail outlets are rising from their ashes. Environmental issues, new regulations and shrinking profit margins have forced more and more gas station owners - many who have been serving their communities for decades - to shut off their pumps and sell their properties to retail chains and shopping centers. Kathryn [...]

Hofstra buildings sold for workforce housing

July 19, 2010 - 1:48pm
The Community Development Corporation of Long Island and Queens-based Conifer Realty will spend about $28 million to acquire and renovate two Hempstead buildings once used by Hofstra University to house graduate students. When completed, the buildings on Fulton Avenue will house 94 one- and two-bedroom workforce apartments that will rent for around $1,200 a month. The [...]

Med offices filling Garden City

July 16, 2010 - 12:45pm
While other office centers still struggle to find tenants, the Garden City office market is getting healthy by leasing more space for use by medical and other professional services. The nearby North Shore-Long Island Jewish Health System in Lake Success and Winthrop-University Hospital in Mineola are cramped for space and some of its affiliates are finding [...]

Leadership blamed in death of Lighthouse

July 16, 2010 - 8:16am
Kate Murray could have just said no. And that, say many in the Long Island building community, would have saved everyone a whole bunch of time in figuring out how to score a new home for their hockey team while keeping its owner in the black. Instead, the Town of Hempstead has driven a Zamboni over the [...]

State grants up to $4.9M for LI projects

July 15, 2010 - 12:35pm
Two Long Island construction projects were awarded up to $4.9 million in state grants to be used towards razing old buildings in Valley Stream and Riverhead. In the Village of Valley Stream, a Restore New York grant of up to $2.5 million will offset demolition and reconstruction costs of three buildings for a $16.3 million development [...]

Habitat cracks list of top ten builders

July 15, 2010 - 10:32am
Habitat for Humanity was named eighth largest homebuilder by Builder's Magazine, the first time the nonprofit has been among the top 10 biggest builders in the United States. The organization's Suffolk County chapter is one of its busiest. Habitat for Humanity of Suffolk has constructed 12 new or renovated homes each of the past two years. Since [...]