In the News

South Setauket-based Jefferson’s Ferry, a not-for-profit life-plan community , is beginning construction on a new independent living addition, featuring 12 new one- and two-bedroom-with-den apartments. “For more than two decades, our mission has been to provide an exceptional living environment grounded in independence, community and quality care,” Bob Caulfield, president and CEO of Jefferson’s Ferry, said in a news release about the construction. “With demand for high-qual

From August of 2024 through this past summer, nearly 5,000 jobs were lost in construction on Long Island. While this decline mostly mirrors a nationwide drop in construction hiring, some industry experts say the precipitous downturn in our area is linked to a few key causes. For years, business leaders have decried local zoning laws they believe to be too draconian to facilitate construction activity and, subsequently, hiring in building trades . “Long Island has some of the

A former polluted parking lot will soon be home to 96 new apartments in Central Islip, as construction gets underway at the One Carleton Green development. The mixed-use three-story building will include income-restricted apartments and 5,000 square feet of ground-floor retail space along Carleton Avenue, where a grassroots arts organization Teatro Yerbabruja plans to take space. When the apartments are finished in about 16 months, the development will offer housing steps fr

A Long Island packaging manufacturer will be expanding and relocating with a sizeable lease at a newly built industrial building in Bay Shore.  Modern Packaging leased 106,216 square feet at Rockefeller Group’s new 172,622-square-foot building at 55 Paradise Lane. The company will be relocating from about 58,000 square feet it leases at 505 Acorn St. in Deer Park.  “Rockefeller Group is excited to add Modern Packaging to Bay Shore in our new, Class A industrial facility at 55

For companies getting ready to start construction projects, things are getting more expensive.  The producer price index (PPI) for materials and services used in nonresidential construction rose 0.5 percent in July and 2.6 percent from July 2024, the largest 12-month increase since Feb. 2023, according to an analysis by the Associated General Contractors of America of government data released Thursday.  Though the AGCA reports on the national construction landscape, higher

Obstacles to growth and changing economic conditions were highlighted in a recent panel event hosted by the Commercial and Industrial Brokers Society of Long Island earlier this month.  The CIBS-LI ‘s 2025 State of the Market event held Tuesday, June 17 at 58 South Service Road in Melville, featured a panel of experts from a variety of commercial real estate sectors including retail, industrial, office, banking and construction, exploring current challenges, emerging trends a

A prime asset in the Village of Roslyn’s ongoing renaissance has traded hands.  The mixed-use property known as the Roslyn Lumber Yard...

The Commercial Industrial Brokers Society of Long Island has launched a new real estate podcast .  Called “Square Feet,” the podcast aims...

Mason Technologies, which specializes in low-voltage technology integration solutions, plans to expand with a $20.8 million project in...

Long Island Business News has selected the recipients of this year’s Emerging Leaders Under 30 Awards. The Emerging Leaders Under 30...

Jennifer and Adam Mason have been looking for a new home for their growing technology business for the past seven years. The couple has...

Meet The Executive Leaders Dedicated To Building A World Without Blood Cancer Each fall, thousands of colored lanterns illuminate...

A new report from CoStar presents a striking reality for the national multifamily market: across many major U.S. metro areas, luxury apartment vacancy rates remain stubbornly high. Yet here on Long Island, the data tells a different story — one of accelerating absorption and vanishing availability, even in the most premium segments of the market. While national headlines focus on oversupply in cities like Austin, Denver, and Miami, Long Island stands out as an outlier — and n

Over 200 leaders from Long Island’s construction, architecture, and engineering sectors gathered on Thursday, December 12, 2025 for a...

Long Island Business News has announced this year’s 40 Under Forty honorees. 40 Under Forty recognizes Long Island professionals 40 years...

Elected officials, state and local leaders will join developers Friday for a groundbreaking of a $33.75 million affordable and supportive...

A plan to build a new $35 million warehouse in Hauppauge has added a youth sports component to be donated to the community.  The...

Developers of a workforce apartment project in East Patchogue have closed on a package of economic incentives from the Town of Brookhaven...