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$190M Sale Of 292-Unit Luxury Long Island Complex Marks Major Deal
A 292-unit luxury residential community in on Long Island has sold for $190 million.
JLL Capital Markets secured the sale of The Arboretum, located at 20 Maple Ln. in Farmingville, according to a release from the company issued Monday, March 2.
The buyer was an affiliate of The Inland Real Estate Group of Companies, Inc., with Matthew Tice, senior vice president of Inland Real Estate Acquisitions, LLC, facilitating the purchase on behalf of the Inland affiliate. JLL represented the seller, BRP Companies, in the transaction, officials said.
The Arboretum, built in 2024, is a 62-acre r…
ICE Will Not Move Forward With NY Detention Facility, Assemblyman Says (Update)
Plans to locate a federal immigration detention facility in Orange County have reportedly been halted, according to State Assemblymember Brian Maher’s office.
Maher, who represents New York's 101st Assembly District, which includes parts of Orange, Sullivan, and Ulster counties, announced Friday, Feb. 20, that US Immigration and Customs Enforcement officials told him they will not move forward with a Chester warehouse site following a review process.
According to a press release from Maher’s chief of staff, Meghan Hurlburt, the assemblyman spoke virtually with a senior advisor to the …