City: Long Island

Rechler Equity Partners has paid $18 million for 80 Arkay Drive, a 200,000-square-foot office property in Hauppauge, N.Y. The Melville, N.Y., company, a successor to Reckson Associates Realty Corp., which was acquired by SL Green Realty Corp. in 2007, bought ...

Crain's New York Business New York's Economic Development Corp. has issued a request for proposals to redevelop two Staten Island, N.Y, sites with more than 14 acres near the Staten Island Ferry Terminal. The sites are parking lots that flank ...

The Real Deal An affiliate of Alrose Group of Manhattan, which owns the 143-room Allegria Hotel & Spa in Long Beach, N.Y., has filed for bankruptcy. The affiliate, Alrose King David, is in default on a $30 million note, which ...

Commercial Real Estate Direct Staff Report Inland Private Capital Corp. has sold a 116,221-square-foot retail center in East Northport, N.Y., to RioCan Holdings for $40.2 million. The property, Huntington Square Plaza at 3124 East Jericho Turnpike on Long Island, N.Y., ...

Piedmont Office Realty Trust is offering for sale a 264,482-square-foot office property in Holtsville, N.Y. The Atlanta company has tapped Jones Lang LaSalle to market the property, at 5000 Corporate Court, which is 82 percent occupied, primarily by federal government ...

Wall Street Journal Hometown America has paid Morgan Management $22 million for a 101-acre mobile home park in Calverton, N.Y. The $67,000/lot price for the 328-lot Long Island property, Thurm's Estates, is twice the national average sale price for mobile ...

Centro Properties Group has sold DSW Plaza, a 251,222-square-foot retail center in Lake Grove, on Long Island, N.Y., for $48 million. The troubled Australian trust sold the fully leased property to Prestige Properties of New York through Cushman & Wakefield's ...

Commercial Real Estate Direct Staff ReportA $305 million mortgage on a portfolio of 36 industrial properties on Long Island, N.Y., with 3.5 million square feet has been moved to special servicing as a result of its delinquency.The loan, securitized through ...

Chatham Lodging Trust has agreed to pay $21 million for the Residence Inn by Marriott in New Rochelle, N.Y.The 124-room property would be the 12th acquired by the Palm Beach, Fla., REIT, which raised $150 million through an initial public ...