Unemployment numbers are definitely looking better across the nation and in Long Island. U.S. hiring increased during the month of February compared to January. In fact, the Labor Department stated that employers added 175,000 jobs during February. This number is up considerably from January’s 129,000 jobs. What makes these numbers even more encouraging is the fact [...]
Currently, there is no bridge from Long Island to Connecticut and recent plans have come to a stop. The Long Island Sound Link was a proposed bridge or tunnel that would connect Long Island to Westchester, New York or Connecticut across the Long Island Sound. The most recent proposal involves a tunnel between Rye, New York, [...]
Things are looking up for Long Island’s commercial and residential real estate with both markets on the rise due to historically low borrowing rates. Does that imply a correlation between these markets? Let’s take a deeper look to find out. Similarities and Differentiators First, as one would assume, there are both similarities and differences between the [...]
Click here to read the full version of the Koenigsberg Long Island Bulletin March 2014 Edition
Click to Download the PDF version of the Koenigsberg Long Island Bulletin February edition
The term “going green” definitely gets tossed around a great deal, but what exactly does it mean? Going green largely means reducing the amount of energy and natural resources that are being consumed. Achieving this goal can take many forms. In the real estate industry, the largest expenditure of energy and natural resources is office buildings. [...]
The Difference Between Getting a Deal Done & a Deal Falling Apart Banks are the backbone of business, and they certainly are the fuel for commercial real estate transactions. This fact cannot be disputed. In 2007, the US economy entered a mortgage crisis that brought about a sustained and significant panic and financial turmoil that reverberated [...]
MacArthur Airport, formerly Islip Airport, is a public airport located on Long Island in Ronkonkoma, Town of Islip. MacArthur Airport serves the three million residents of Nassau and Suffolk counties... Read More
Click to Download the PDF version of the Koenigsberg Long Island Bulletin - January edition
The vacancy rate in the Long Island office market, which includes both Nassau and Suffolk County, is improving. By the end of the 3rd quarter of 2013, the vacancy rate stood at 10%. This is down from the 10.3% statistic we saw at the end of the second quarter. In other words, the numbers are definitely [...]
