Bethpage-based Steel Equities will pay $28.5 million for 105 acres once owned by the Navy. The property, located a stone’s throw from Steel Equities’ headquarters, was transferred to Nassau County by the Navy earlier this year. County Executive Tom Suozzi has been pushing to develop the parcel into a business park for new technologies. In [...]
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Steel Equities gets former Navy parcel
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Aggreko leases in Plainview
Houston-based Aggreko has leased 40,000 square feet at 115 Amfesco Drive in Plainview. The deal called for 10,000 square feet of build-to-suit warehouse space and 30,000 square feet of yard space. Richard Warshauer, of FirstService Williams represented Aggreko, which provides temporary power generation and temperature control. Bethpage-based Steel Equities is the landlord.
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Nassau selling excess property
Nassau County wants to sell some of its real estate to raise desperately needed cash and help it climb out of a deepening financial hole. Industry observers, however, say it won’t be so easy. The Nassau Interim Finance Authority, which took control over the county last month says the county is $174 million in the [...]
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Garden City office building sells for $6.5M
A 35,000-square-foot office building at 1000 Franklin Ave. in Garden City was acquired by Bethpage-based Steel Equities for about $6.5 million. The building on the corner of Franklin and 10th Street houses law firms, medical practices, and financial services tenants. Bronx-based Laub Realty was the seller.
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Nassau sells 84 acres to Steel Equities
An 84-acre parcel of land in Bethpage formerly owned by the U.S. Navy and leased by Northrop Grumman is being sold. The Nassau County Legislature recently voted to sell the former Navy property. Nassau County, which took ownership of the parcel in April 2008 to mitigate economic losses to the county resulting from the closure [...]
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40 years of tax breaks for Steel Equities
Bethpage-based Steel Equities will get tax breaks for the next 40 years to assist the developer in renovating a 95-acre blighted property once owned by the Navy. The Nassau County Industrial Development Agency unanimously approved the lengthy tax benefits on Thursday for the parcel and accompanying 1.2 million square feet of dilapidated buildings that have [...]
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Editorial: Slice of baloney
Islandia needs to help developers not compete with them.
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Wanted: RE near the railroad
Currently, about 80 Long Island companies use the rail-freight service, which stops at various sidings and trans-loading sites in places such as New Hyde Park, Hicksville, Farmingdale, Wyandanch, Deer Park, Yaphank and Speonk.
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Architects busy as construction rebounds
Amityville’s Art of Form Architecture has seen a 15 percent bump in business this year as the deep freeze of the Great Recession finally thaws.
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Steel Equities to acquire Bethpage site
Real estate developer Steel Equities is in contract to buy a 22.5-acre site on the former Grumman campus in Bethpage.
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Ex-Vitamin Water execs bring Agua Enervivá to LI
Agua Enervivá has leased 3,000 square feet of space at the Bethpage Business Park owned by Steel Equities.
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Long Island industrial inventory fading fast
Increased sales and leasing activity in Long Island’s industrial real estate market have created a dearth of available inventory.
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Elm Global staying on LI
The company had been looking out of state for other options.
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Steel Equities to purchase Forest Labs’ Commack HQ
Bethpage-based Steel Equities is buying Forest Laboratories’ newly expanded, 387,415-square-foot Commack complex, sources said.
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Memorial Sloan Kettering planning major LI expansion
The Manhattan-based cancer center is leasing 175,000 square feet of space in Commack.
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Mineola office building sells for $19M
The 77,466-square-foot building is at 211 Station Road.
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Editorial: Slice of baloney
Islandia needs to help developers not compete with them.
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Wanted: RE near the railroad
Currently, about 80 Long Island companies use the rail-freight service, which stops at various sidings and trans-loading sites in places such as New Hyde Park, Hicksville, Farmingdale, Wyandanch, Deer Park, Yaphank and Speonk.
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Architects busy as construction rebounds
Amityville’s Art of Form Architecture has seen a 15 percent bump in business this year as the deep freeze of the Great Recession finally thaws.
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Steel Equities to acquire Bethpage site
Real estate developer Steel Equities is in contract to buy a 22.5-acre site on the former Grumman campus in Bethpage.
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