Long Island Cheat Sheet: Developer files $100M lawsuit against Long Beach … & more

Developer files $100M lawsuit against Long Beach over tax breaks Manhattan developer iStar Financial sued the city of Long Beach, claiming it has lost $100 million in revenue as city officials failed to offer support for tax breaks that Nassau County turned down, Newsday reported. The city officials had issued an initial letter of support[…]

Long Island Cheat Sheet: Shrinking industrial inventory should push businesses to buy properties instead of rent, experts say … & more

Shrinking industrial inventory should push businesses to buy properties instead of rent The industrial market on the island reported a 3.1 percent vacancy rate in the first quarter, down slightly from a year ago, according to data from Newmark Knight Frank. Similarly, the office market saw a vacancy rate of 8.9 percent, up slightly from[…]

Hamptons Cheat Sheet: Gurney’s Resorts owners buy Montauk Yacht Club, plotting a $13M upgrade … & more

Gurney’s Resorts owners buy Montauk Yacht Club ahead of $13M upgrade George Filopoulos of Metrovest Equities and Lloyd Goldman of BLDG Management, owners of Gurney’s Montauk Resort & Seawater Spa bought the Montauk Yacht Club for an undisclosed price. The largest marina in the Hamptons is set to close this winter to undergo a $13[…]

Long Island Cheat Sheet: Talks halt over $1B redevelopment proposal for Nassau Coliseum … & more

Talks halt over $1B redevelopment proposal for Nassau Coliseum area Onexim Sports and Entertainment, the company that has the ground lease for the property around the Nassau Coliseum, dropped talks with Blumenfeld Development Group over its proposal for a $1 billion redevelopment of the area. Onexim said it now wants to review potential plans from[…]

Hamptons Cheat Sheet: East Hampton home of late Goldman Sachs partner sells for $40M … & more

East Hampton home of late Goldman Sachs partner sells for $40M The Further Lane home of late Goldman Sachs partner and chairman of the Metropolitan Opera James Marcus sold to an unidentified buyer for $40 million, the Wall Street Journal first reported. The 10,000-square-foot home features seven bedrooms, nine-and-a-half bathrooms, 300 feet of ocean frontage,[…]

National Cheat Sheet: How much money WeWork made — and lost — last year … & more

Here’s how much WeWork made and lost last year Investors readily bought $702 million in junk bonds from WeWork in the co-working space’s initial public offering. WeWork intially planned to sell fewer bonds, but upped the offering after a flood of interest. WeWork has 234 locations around the world, but is pushing for more with[…]

Westchester & Fairfield Cheat Sheet: Rivertowns Square in Dobbs Ferry sells to Regency Centers for $69M … & more

Rivertowns Square in Dobbs Ferry sells to Regency Centers for $69M Regency Centers bought the 450,000-square-foot mixed-use center from Saber Dobbs Ferry LLC for $69 million. It’s the first Westchester buy for the Florida company, which also owns 10 shopping centers in Fairfield County, the Westchester Business Journal reported. Regency officials said that they will be “adding[…]