Listen to this article In an expansion of its growing Long Island portfolio, Venture One Real Estate has purchased an industrial property in Port Washington for $16 million. Venture One acquired the 82,619-square-foot building on 3 acres at 3 Seaview Blvd. The purchase was made through Venture One’s acquisition fund VK Industrial VII, LP, according…
Listen to this article Itay Ken-Tor, a filmmaker from Israel, was on Long Island earlier this week to talk about Edut 710, an organization collecting the testimonies of survivors of the Oct. 7, 2023, Hamas attacks in Israel. Ken-Tor, a co-founder of the organization, was visiting Mineola-based law firm Meltzer, Lippe, Goldstein & Breitstone, which…
Listen to this article Local elected officials joined B2K Development executives Monday at a ribbon-cutting ceremony for the company’s newest luxury rental project. The nearly $60 million development called Sutton Landing at Commack brings 65 rental apartments for renters aged 55 and over to the 7.2-acre property at 90 Hauppauge Road in Commack. Sutton Landing…
Listen to this article Island Federal Credit Union, headquartered in Hauppauge, has a new president and CEO, Craig Booth, effective immediately. “Craig, who has been serving as interim president CEO CEO, brings a wealth of experience, leadership, and dedication to his new role,” John Adragna, chairman of the Island Federal Board of Directors, said in…
Listen to this article The coming change in administrations in Washington, D.C., foreshadows a change in tax policy for individuals and businesses across the board. But, according to tax experts in the region, the extent, form and results of those cuts will take time to play out. Specifically, an extension of the Tax Cut and…
Listen to this article A project to build 20 rental apartments in Hicksville will receive economic incentives from the Nassau County Industrial Development Agency. The Nassau IDA approved the benefits for the developer, Premiero Cherry LLC, for its proposed $10 million project that will build a 35,365-square-foot apartment building on a .40-acre vacant parcel at…
Listen to this article New zoning that would have allowed multifamily development on about 20 acres in North Lawrence and Inwood has been rescinded by the Hempstead Town Board. The board voted Tuesday to repeal the transit-oriented zoning that was enacted in May 2019 citing a faulty public notification process when the zoning was being…
Listen to this article The first recreational cannabis store in the Town of Riverhead is slated to open next week. The 14,400-square-foot dispensary at 1871 Old Country Road will be the second for Strain Stars, which opened Long Island’s first adult-use cannabis dispensary, a 3,500-square-foot store at 1815 Broadhollow Road in Farmingdale in July 2023. …
Listen to this article Henry “Hank” Foley will be stepping down on June 30, 2025, as president of New York Institute of Technology, whose campuses include Old Westbury and Manhattan. The university’s Board of Trustees expressed “deep gratitude and appreciation” for Foley’s service. Dr. Jerry Balentine, currently the university’s provost and executive vice president since…
Listen to this article Bethpage Federal Credit Union is rebranding under the new moniker FourLeaf Federal Credit Union. The rebrand is expected to take effect in the first quarter of 2025. The new name aims to highlight the credit union’s “commitment to growth, prosperity and abundance for its members and the communities it has served…