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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...

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Office 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...

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Office 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,...

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Hospital 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....

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Office 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...

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Omni 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...

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ABLI-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...

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Former 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...

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Office 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...

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Rufrano 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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