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Long Island Business News
Growing dairy distributor leases 40,000 SF in Lindenhurst
A growing wholesale dairy distributor leased 40,000 square feet of industrial space in Lindenhurst. Natural Foods Inc. leased the space at 301 Henry St. to use as product storage. The company ...
$455M Belmont reboot named as “Project of Regional Significance”
The Long Island Regional Planning Council has named the $455 million overhaul of Belmont Park as a Project of Regional Significance. The LIRPC describes Projects of Regional Significance as “proje...
Despite economic climate, this banker is still bullish about Long Island
Interest rate hikes. Inflation. And more than a few failed banks recently closed by regulators. It’s been a rough climate for the banking industry. To ride out these and other storms, it helps to b...
Despite challenges, retail real estate execs still bullish on Long Island
While expressing disdain for the lengthy approvals process and high cost of doing business here, a panel of retail owners and developers remain generally optimistic about the future of the sector on L...
In NY, Regional Economic Development Council competition offers $445M
New York State has launched Round XIV of the Regional Economic Development Council Initiative. This year there is $445 million in core capital grant and tax-credit funding for which applicants can app...
Long Island developer advances $100M project in South Carolina
A Long Island real estate investment and development firm is planning to build a $100 million multifamily residential project in South Carolina. Jericho-based Toro Real Estate Partners acquired 36...
James Simons, mathematician, hedge fund founder and philanthropist, dies at 86
James Simons, the mathematician, hedge fund founder and philanthropist, died at 86, on Friday, May 10. The former chair of the Department of Mathematics at Stony Brook University, Simons went on to...
LI developer partners with Sportime to build several new projects
A Long Island real estate developer is partnering with an area sports club firm to expand its pickleball facilities. Great Neck-based Hornig Capital Partners is about to begin construction on a $2...
At Stony Brook and other SUNY campuses, new efforts to advance AI research
In an effort to build New York State as a leader in artificial intelligence, Gov. Kathy Hochul said she is fostering initiatives that would advance “responsible research” for the public good at state ...
At sentencing, Chinese entrepreneur from Old Westbury is ordered removed from U.S.
At a sentencing in federal court in Central Islip Thursday, a Chinese business owner who had residences in Old Westbury and Manhattan, was ordered removed from the United States, having already pled g...
Global firm closes on $12.6M purchase of Yaphank development site
A global investment firm has closed on its acquisition of a parcel of vacant land in Yaphank where it plans to develop a $45 million logistics center. Ares Industrial Real Estate Income Fund (AIRE...
Long Island cleaning supplies firm relocating to Holbrook
I. Janvey and Sons, Inc., a supplier of janitorial supplies and equipment, is relocating to Holbrook. The company leased a 21,450-square-foot industrial space in the Sherwood Corporate Center at 91...
Canon U.S.A. partners with Ryan Seacrest Foundation
Canon U.S.A., headquartered in Melville, has announced a new partnership with the Ryan Seacrest Foundation. In this partnership, Canon is delivering digital equipment such as lenses, cameras and print...
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