Nassau and Suffolk counties saw a 9 percent increase in construction jobs.
Month: September 2018
Mortgage rates up; 30-year reaches 7-year high
Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years.
Curran makes changes to Nassau’s crippled assessment system
Assessment level for residential properties set at .1 percent.
IDA to assist redevelopment of Dowling’s Shirley campus
Triple Five Aviation Industries closed on its $14 million purchase of the 105-acre property last week.
New York-area construction groups to collaborate
Building Contractors Association of New York is partnering with Associated General Contractors of New York State.
Deer Park warehouse sells for $2M
The 15,000-square-foot industrial building is on 1 acre.
Priciest home sales in East Norwich
The three highest-priced home sales in East Norwich last month ranged from $729,000 to $819,000.
Executive Profile: Tricia Shay
Taking the helm: Tricia Shay steps in to pilot CBRE’s Long Island office.
Long Island-Based Developer Buys Bronx Warehouse in Redevelopment Play
Developer Heatherwood Luxury Rentals purchased a 31,500-square-foot warehouse at 288-310 Walton Ave. in the Bronx from FBE Limited LLC for $16.8 million, or about $533 per square foot.
Although details were not disclosed, the Commack, New York-based company is planning to redevelop the single-story warehouse, originally built in 1931, into a multi-story mixed-use development.
Mark Tergesen of ABS Partners Real Estate brokered the deal on behalf…
Montauk restaurant sells for $2.75M
The former Zum Schneider will become Vincent’s Sel Rrose Oyster Bar and Restaurant.