Long Island Business News

23/01/2025

The Garden City Park Water/Fire District filed suit in New York State Supreme Court Wednesday against First National Bank of Long Island for allowing the theft of more than $15 million in funds from the district’s accounts.

More than $12 million was sent to banks in China within four hours, according to the lawsuit.

23/01/2025

🎉 2025 is here! Check out our exciting upcoming events happening this year!

Learn more: https://bit.ly/4gwdFdG

State of the Long Island Non-Profit Industry - January 30
Health Care Heroes - February 28
Diversity in Business Awards - March 18
Executive Circle Awards - May 22
Real Estate, Architecture, & Engineering Awards - June 23
Emerging Leaders Under 30 - August 4
Empowering Women/Women's Leadership Summit - August
Corporate Citizenship Awards - September 16
40 Under Forty Awards - September 30
Top 50 Women in Business - October 16
Hall of Fame - November 12
Leaders in Business & Finance/Leaders in Law - November 13
Best Places to Work on Long Island - December

22/01/2025

A new Korean fried chicken restaurant is now part of the Port Washington restaurant scene.

The restaurant held its soft opening Tuesday

22/01/2025

Suffolk County has cut JLL from the $2.8 million Midway Crossing project that would have created a massive mixed-use development on 179 acres in Ronkonkoma.

County officials terminated the master development agreement with JLL Tuesday.

21/01/2025

December home sales and inventory on Long Island improved year-over-year, as prices continue to rise, closing out another disappointing year for the area’s housing market.

Despite some improvement last month, 2024 was another disappointing year for the area’s housing market.

21/01/2025

Phil Boyle, the president and CEO of Suffolk Regional Off-Track Betting Corporation and Jake’s 58 Casino Hotel, has been named the next chairman of the New York Gaming Association.

Phil Boyle has been named the next chairman of the New York Gaming Association.

21/01/2025

Celebrate what's driving the growth and development of Long Island!

🏙️ Submit your nominations here: https://bit.ly/4g1OBdz

Honor those who help create & build Long Island’s future and recognize some of the most dynamic & successful leaders in the commercial real estate community.

21/01/2025

The former Smithtown home of Long Island’s largest youth soccer academy has been purchased by a growing church organization.

The 25,720-square-foot building is on 2.5 acres.

20/01/2025

⭐ Don't forget to nominate an executive leader! ⭐

Nominate today: https://bit.ly/40Lf0Yu

The Executive Circle Awards celebrates c-suites, directors and other senior level executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, commitment to excellence, company performance, community service and diversity.

17/01/2025

Lessing’s Hospitality Group has acquired the former headquarters of the Suffolk County Water Authority in Great River, where the company will establish its new Long Island headquarters.

The 13,280-square-foot office building is on 2 acres.

17/01/2025

Here are a few recent commercial real estate deals on Long Island.

Enlightened Group LLC, an affiliate of a Nassau County-based commercial real estate investor, purchased the 6,826-square-foot building on .17 acres at 20 Miller Place in Syosset for $1.75 million.

17/01/2025

Long Island-based Burger Brothers Restaurant Group opens its first Dave’s Hot Chicken restaurant on Friday in Fresh Meadows, the first of 14 locations planned for Long Island and Queens.

The first of 14 planned area locations opens Friday.

17/01/2025

Nominate an Inspiring Advocate for LIBN's Diversity in Business Awards!

Is there someone in your network who has gone above and beyond to make the workplace more inclusive? Now is the time to recognize their efforts: https://bit.ly/4dLRfTV!

Nominating is easy! If you know someone who's been a great advocate in driving inclusivity, this is your chance to honor them.

Nominate today and help spotlight those who are leading the charge toward a more diverse, inclusive business world.

16/01/2025

💜 Learn, Network, and Connect!

Secure your tickets here: bit.ly/3VK8QEX...

Join us for a comprehensive forum dedicated to exploring critical topics impacting non-profits on Long Island.

15/01/2025

Hochul focuses on affordability, economic development in State of State address

Outlook also includes housing, childcare and tax cuts

14/01/2025

A newly formed professional football league is planning to launch a team for Long Island that would play at Nassau Coliseum.

The new league aims to provide “world-class, live, professional sports-entertainment to sports-entertainment deserts."

13/01/2025

Melville-based Peconic Equities is giving a significant facelift to the 76,488-square-foot building on 5 acres on Sunnyside Boulevard.

The project is aimed at transforming the more-than-half vacant property into a first-class technology business and research center.

10/01/2025

Macy’s has announced the closing of 66 stores across the country, including three on Long Island.

The venerable department store chain plans to close 150 “underproductive stores” over a three-year period.