Long Island Market Report March 2018 Issue

Long Island’s leading brokerages

TRD’s ranking of residential firms finds the biggest players expanding into new territory and offering generous commission splits

While The Real Deal’s annual ranking of top Long Island brokerages suggests little has changed over the past year in the… [more]

Long Island does condos its own way

A taste for the easy life has rewarded top condo developers who’ve made it to the finish line, but new proposals are down despite escalating demand

Long Island, traditionally associated with single-family homes, is still seeing… [more]

‘Open’ season in the Hamptons

Summer rental activity has been more frenzied than usual, according to some brokers, while others say they’ll need Airbnb as a back-up plan

The imminent arrival of the U.S. Open at Shinnecock Hills Golf Club in Southampton this June has helped bounce the high-end Hamptons summer rental market… [more]

At a glance: The Belmont Park Arena Plan

a new stadium and entertainment complex has the governor’s support, but the industry is doubtful of long-term benefits

Like a puck in a rink, the New York Islanders pro-hockey team has seemed to careen around the region in recent years in pursuit of a long-term home. Based for… [more]

The wolf in Wolkoff

Vilified in Queens and protested in Islip, the tenacious developer of Heartland Town Square faces a fight at every turn — but the octogenarian isn’t budging

Battle mode may come with the territory when building Long Island’s largest project since Levittown. Jerry Wolkoff… [more]

The busiest developers
on the island

TRD ’s ranking of builders with the most construction underway finds them focused on delivering denser housing stock

In recent years, Long Islanders have been in the process of rethinking the notion of suburbia, shifting from a vision of green lawns, white picket fences and… [more]

The gatekeepers

If you want to build anything on Long Island, you need these development-friendly officials on speed dial

On  Long Island, developers have to pick their battles. That includes everything from the size of the project to the town or village where it will be located. Because of… [more]

Nesting on the Gold Coast

Nest Seekers bought Shawn Elliott Luxury Homes as an entrée into the L.I. market, but some doubt the acquisition will impact the local competition

Before the Hamptons and Palm Beach, Long Island’s serene North Shore was the country seat of New York’s most powerful families. But in time, other flashier locales… [more]

Money Moves:
biggest buys of the year

TRD’s ranking of priciest commercial sales found investor appetite for all types of Long Island assets

Everybody seems to want in when it comes to Long Island commercial real estate. Due to the dense population, low … [more]

Stop! Collaborate and cowork

The trend is blowing east from New York City as Long Island’s traditional offices increasingly morph into open-concept spaces

Forget the C-suite and the corner office. The operative buzzword  in the Long Island office market today is “collaboration.” Companies are seeking out and building work spaces that echo the… [more]

Are discount retailers
Teflon tenants?

With prices that will best Amazon’s deepest discounts, dollar stores are opening L.I. locations faster than ever

Tesla, L.L. Bean and Neiman Marcus have all touched down on Long Island in recent years, and they’ve generated plenty of buzz. But they’re not the only national … [more]

Still boom times
for LI borrowing

A healthy pace of activity has commercial lenders feeling optimistic about the year ahead, but the threat of interest rate hikes looms

The commercial real estate lending market on Long Island has had a good run… [more]

10 years after the crash

TRD revisited Long Island real estate’s 2008 numbers to see how far the market has come — and what’s still a work in progress

The past year was bustling for Long Island’s residential and commercial real estate markets, with high demand for homes, consistent office rents, relatively low retail vacancies and continued demand… [more]