Long Island Business News

The property formerly occupied by Long Island’s last remaining Hooters restaurant has been sold. Bolla Oil paid $5.7 million to purchase the 10,782-square-foot restaurant building on .76 acres at 25 Smith St. in Farmingdale, as well as the adjacent 2,427-square-foot building on .91 acres at 27 Smith St. that is occupied by Valley Bank.

Fitch Ratings, a global credit rating agency, has upgraded Suffolk County’s bond rating from AA- to AA with a stable outlook, citing the county’s budgeting practices as well as improvements to its tech infrastructure and oversite following a 2022 cyberattack. A higher credit rating can allow the county to borrow at lower interest rates, reducing borrowing costs and saving taxpayers money on bonds and other financing.

Long Island's housing market saw a decline in home prices, sales, and inventory in September. Despite the drop, prices remain above last year's levels, with low inventory continuing to constrain the market and keep home values elevated. A month after prices of Long Island home sales reached record highs, prices retreated in September, while sales and inventory also dropped.

East Meadow-based Nassau University Medical Center (NUMC) named Dr. Stephen Peterson as its chair of medicine. Peterson brings over 30 years of expertise in clinical leadership, medical education and research in internal medicine and cardiometabolic disease to NUMC’s Department of Medicine.

This website uses cookies, web beacons, pixels, tags, software development kits, and related tracking technologies, as described in our Privacy Policy and Cookie Policy, for purposes that may include website operation, analytics, analyzing site usage, enhancing site navigation optimizing a user's experience, and third-party advertising or marketing purposes.

Bogopa Service Corp., operator of Food Bazaar Supermarkets, is acquiring 14 of Western Beef's New York-area stores, including four on Long Island. This deal will expand Food Bazaar's presence to seven stores on Long Island, reflecting ongoing consolidation in the regional supermarket industry. There will soon be more Food Baazar stores after the company acquires 14 Western Beef stores.

The North Fork TV Festival returns Wednesday, Oct. 21, through Thursday, Oct. 22 at the Sound View in Greenport. Established in 2015, the festival showcases mainstream and independent television, bringing together actors, executives, writers and directors to highlight original storytelling and emerging talent. The festival includes screenings, special events and panel discussions.

Emergency departments across Long Island are handling tens of thousands of patients each year as hospitals contend with crowding, longer stays and patients waiting in the ER after they have already been admitted. New York State data show several major Long Island hospitals recorded heavy emergency department volume in 2024. Stony Brook University Hospital logged more than 93,000 visits, while NYU Langone Hospital–Long Island saw more than 59,000.

Power of play gala raises more than $800K for LICM More than 350 business leaders, philanthropists and community supporters came together at Long Island Children’s Museum (LICM) for its annual Cupcakes & Cocktails gala, raising more than $800,000 to support the museum’s mission of connecting children and caregivers.

A Long Island-based team led by Nord Development Group and ACRE has launched Revella, a new company developing Revella on Hudson, a $230 million luxury rental complex in North Bergen, NJ. The project features 358 units with extensive amenities and benefits from a long-term tax agreement, marking a major regional investment.