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Month: August 2020

Long Beach Superblock project advances with Nassau IDA approval

The development will bring 238 rental apartments in a 10-story building, 200 condominium residences in two nine-story buildings and about 6,500 square feet of retail space to the long-vacant property.
Author Long Island Office LeasingPosted on August 26, 2020Categories Blog, Uncategorized

Aldi opening new store in North Babylon

The North Babylon Aldi is the Germany-based chain’s eighth on Long Island, following others in Lake Grove, Patchogue, Selden, Bay Shore, Lindenhurst, Riverhead and Valley Stream.
Author Long Island Office LeasingPosted on August 25, 2020Categories Blog, Uncategorized

LI firm secures $25.5M refinancing for N.C. development

The loan goes towards refinancing Grace Park, a 128-unit apartment complex on about 30 acres in Morrisville, N.C.
Author Long Island Office LeasingPosted on August 25, 2020Categories Blog, Uncategorized

Low rates and heavy buyer demand send US home sales surging

Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.
Author Long Island Office LeasingPosted on August 22, 2020Categories Blog, Uncategorized

LI brokerage firm sells South Jersey Wendy’s for $2.14M

The 2,901-square-foot building is on 1.64 acres.
Author Long Island Office LeasingPosted on August 22, 2020Categories Blog, Uncategorized

Uniondale supermarket trades for $19.5M

The 60,896-square-foot building is on 4.48 acres.
Author Long Island Office LeasingPosted on August 21, 2020Categories Blog, Uncategorized

LI firm brokers $5.4M Walgreens sale

The 13,500-square-foot building is on 1.64 acres.
Author Long Island Office LeasingPosted on August 21, 2020Categories Blog, Uncategorized

Lender makes deal to take over Coliseum lease

Nassau Live, an affiliate of US Immigration Fund, which financed the existing Coliseum leaseholder Onexim Sports & Entertainment’s arena renovations, has agreed to pay $2.2 million in past due rent.
Author Long Island Office LeasingPosted on August 21, 2020Categories Blog, Uncategorized

Public hearing for Hicksville Sears project scheduled

Seritage is pitching to remake the 26.4-acre site into a mixed-use community with 425 rental apartments, retail and office space, restaurants, a grocery store, cinema, fitness center and food-service kiosks.
Author Long Island Office LeasingPosted on August 20, 2020Categories Blog, Uncategorized

Priciest home sales in South Setauket

The three highest-priced home sales in South Setauket last month ranged from $467,000 to $575,000.
Author Long Island Office LeasingPosted on August 19, 2020Categories Blog, Uncategorized

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