More office space empties
The vacancy rate for Long Island office buildings rose to 11.5 percent in the second quarter of the year, according to a report from Cushman & Wakefield. C & W had reported a vacancy rate of...
View ArticleOffice market hanging on
Cushman & Wakefield remains optimistic about the health of the Long Island commercial real estate market, according to its mid-year report. Despite a hazy economic outlook and slow residential...
View ArticleOffice market slows
Third quarter leasing activity in Long Island’s office market was down about 10 percent, according to a report from Cushman & Wakefield. The overall asking rental rate was $31.29 per square foot,...
View ArticleHospital leases space in Lake Success
St. Mary’s Healthcare System for Children resigned a long-term lease for 25,580 square feet of space at 5 Dakota Drive in Lake Success, according to Cushman & Wakefield, which brokered the deal....
View ArticleOffice vacancies rise, rents sink
Long Island’s overall office vacancy rate was 12.2 percent at the end of 2008, according to a fourth-quarter report from Cushman & Wakefield. Vacancies are up from the third quarter, mostly from...
View ArticleOmni gets law firm
The law firm of Forchelli, Curto, Crowe, Deegan, Schwartz, Mineo & Cohn has taken about 35,000 square feet at 333 Earle Ovington Boulevard in Uniondale. Forchelli Curto will relocate its offices...
View ArticleABLI-CIBS honors three
Nearly 400 members of the Association for a Better Long Island and the Commercial Industrial Brokers Society honored three of their own at a gala dinner last week. The ubiquitous Ed Blumenfeld of...
View ArticleFormer ShopRite sold in Uniondale
A 60,807-square-foot retail building at 1121 Jerusalem Avenue in Uniondale was purchased by Garden City-based Piermont Properties for an undisclosed price. The vacant building on 4.5 acres was valued...
View ArticleOffice vacancies rise, rents fall
The Long Island office market continues to slide and brokers say it hasn’t bottomed out. With a glut of newly available sublease space, the total overall vacancy rate is now about 15 percent, according...
View ArticleRufrano takes helm at C&W
Glenn Rufrano, the former chief executive at Australian-based Centro Properties Group, has been tapped to head commercial real estate brokerage Cushman & Wakefield. Rufrano, who will also be...
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