Tag : long island commercial real estate

An Unbiased Look on the Biases of CRE’s Future

In an effort to be diplomatic, I’m going to address both the positive and negative aspects of the commercial real estate market that are currently being discussed by various sources. This is mainly an attempt to give you, the reader, an unbiased look at the biases currently the web. After outlining both positions, perhaps you’ll..

Brookhaven Lab Gets $33 Million Makeover

Brookhaven Laboratory announces their planned renovation of two buildings on the 5,300-acre campus, set to begin October 1. The project is estimated to cost a total of $50.8 million, $33 million going solely into the renovation and modernizing of both buildings. The renovations will be funded by the U.S. Department of Engery’s Science Laboratories Infrastructure..

Nassau Says “No” to Coliseum Renovation

Around 100,000 Nassau County voters flocked to the polls yesterday to cast their ballot on the proposal for a new Coliseum– and the majority of residents decided they like their Coliseum just the way it is. Sixty percent of voters rejected the plans for renovation, which was going to include a minor league ballpark and..

Nassau County to Vote on Long Island Coliseum Renovation

Today, Nassau County residents decide the fate of the $400 million referendum to redo the Nassau Coliseum. Passing the referendum would mean an increase of about $14 in property taxes (or 4%) per Nassau County household which, to most, seems like a reasonable price to pay in comparison to all benefits of a new complex…

Heartland Project Set to Go

The $4 billion Heartland Town Square project is set to potentially break ground later this year. Developers Gerald and David Wolkoff (father and son) have been preparing for this moment for the past 10 years, dumping over $200 million of their own money into what will be the largest development in Long Island’s history. The..