Nassau and Suffolk counties saw a 3 percent rise in construction employment.
Month: May 2018
Priciest home sales in Uniondale
The three highest-priced home sales in Uniondale last month ranged from $395,000 to $445,000.
LI retail center sells for $6.2M
The center has 11 stores and is about 85 percent occupied.
Developer Vincent Albanese dies
Albanese co-founded the prolific Garden City-based development firm Albanese Organization.
Priciest home sales in Franklin Square
The three highest-priced home sales in Franklin Square last month ranged from $600,000 to $740,000.
Whole Foods has a Whole Lot to do with Manhattan Rent Appreciation
The average monthly apartment rent in Manhattan is $3,840 per unit, or $5.07 per square foot, according to CoStar and Apartments.com records. But when you look at the 9,500 market-rate units that are located within one-tenth of a mile of a Whole Foods grocery store, the rate jumps to $4,580 per unit, or $6.03 per square foot.
Whole Foods carefully picks its store locations using demographics as one of many factors. But once the grocery store…
Starrett City Sale Closes for $870M
Rockpoint and Brooksville Company are the new owners of Silver Creek Towers (Starrett City), less than a year after entering into a contract to buy the 153-acre affordable housing complex in Brooklyn from Starrett City Associates.
According to public records, the going price tallied at $869.6 million. Wells Fargo Bank provided a $501 million mortgage in mid-May, carrying about 57-percent leverage.
Built in 1974, the community is situated along…
County legislators to vote on Ronkonkoma developer
The legislature is scheduled to vote on the agreement on June 5.
Priciest home sales in Cedarhurst
The three highest-priced home sales in Cedarhurst last month ranged from $499,000 to $775,000.
Riffing on Ronkonkoma
Panel explores possibilities and obstacles for arena/convention center project.