Long Island

LI Seniors Portfolio Sells in $318M Buyback

GARDEN CITY, NY-Engel Burman will continue managing the six properties it developed across Nassau County; a seventh community in East Northport will be part of its joint venture with Harrison Street.  FULL STORY

Metropolitan Realty Associates Refinances Jericho Atrium

EXCLUSIVE JERICHO, NY-The class A, 147,183-square-foot, two-story office building received a $18.5 million loan from Capital One Bank – a sign of the strength of the inner-ring suburban office market outside of New York City, GlobeSt.com has learned exclusively. FULL STORY

Hain Celestial Stays on LI, Will Move to Larger HQ

LAKE SUCCESS, NY-State and county tax incentives helped to keep Hain Celestial in New York State after the natural foods giant considered other options for its headquarters space. FULL STORY

Claims Against Zoning Board Over Halted Project Upheld

NY LAW JOURNAL LONG BEACH, NY-A developer may proceed with a lawsuit challenging a Long Beach zoning board's decision to withdraw approval for a new condominium building. FULL STORY

Rechler Adds Standard Microsystems HQ to Portfolio

HAUPPAUGE, NY-SMSC’s sale-leaseback of its headquarters space at 80 Arkay Dr. here leaves 80,000 square feet to lease up at the office asset. FULL STORY

Savanna, Pantzer Partner on $200M Long Island MF Recap

BELLPORT, NY-The 795-unit Atlantic Point apartment complex here marks Savanna’s first foray into suburban multifamily as the private equity firm takes a majority stake. A Pantzer affiliate will continue to manage the property. FULL STORY