Listen to this article While the average mortgage rate has fallen slightly over the last several weeks, a weaker jobs report has sparked real estate industry optimism of even lower rates ahead.  U.S. hiring slowed substantially last month, with a-fewer-than-expected 114,000 jobs added and the unemployment rate rising to 4.3 percent, the highest since the…

Listen to this article A Long Island aviation executive is calling out East Hampton Town officials for “potentially placing lives at risk” for failing to inform pilots of operational changes at East Hampton Airport.  Andrew Schmertz, CEO of Hopscotch Air, an air taxi service based at Republic Airport in Farmingdale, claims the town board is…

Listen to this article After an eight-week trial, a Long Island man was convicted on Thursday in federal court in Brooklyn in connection to a $1 billion fraud scheme, officials said.  A Texas man was also convicted. David Gentile, of Manhasset, and owner and CEO of GPB Capital Holdings and, Jeffry Schneider, the owner and…

Listen to this article For businesses In highly competitive industries such as real estate and construction, building trust is crucial for survival. That’s why many of Long Island’s premier development and construction firms are multi-generational businesses. These legacy companies with long histories and proven track records have found that family ties bring success and staying…

Listen to this article Four Long Island historical sites have been awarded nearly $45,000 in 2024 Preserve New York grants.  The money is part of $264,388 in grants given by the Preservation League of New York State and their program partners at the New York State Council on the Arts to 21 sites in 17 counties across…

Listen to this article The owners of The Capri Southampton, attorneys Mark Geragos and Tina Glandian of Geragos Global, have entered into a joint venture with hotelier Mayank Dwivedi to manage the boutique hotel. While the transaction closed in the second quarter of this year for an undisclosed amount, the hotel was listed for sale…

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