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Long Island Real Estate is Changing

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The Ronkonkoma Hub could create a reverse commute from New York City image: tritec They’ve been called the selfie generation, entitled and lazy. But Millennials are now the largest generation and, after a decade of moving away from New York’s metro Long Island region , they are beginning to stick around. The number of people aged 20 to 34 living on Long Island rose 7 .6 percent from 2010 to 2015 according to a report released by Long Island Association in June. Despite the stereotypes, experts see the increase as reason for optimism. “It’s vitally important, particularly for businesses that make their home here,” said Robert Loscalzo, the chief operating officer of Tritec Real Estate Company, which specializes in the type of mixed-use housing this generation favors. “You need a vibrant workforce and from the standpoint of job creation it’s vital that companies have a source of labor.” But a home doesn’t necessarily mean a house, especially for Millennials. Nationwide, 34.1 percent of...

Building Playa Vista

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‘The physical incarnation of the new L.A.’ gets ready for launch By Joe Piasecki Playa Vista as seen last week from the Loyola Marymount University campus. Photo by Michael Kraxenberger. It isn’t every day that the leader of a sprawling metropolis takes time out to preside over the grand opening of a movie theater. But this wasn’t just any multiplex, Los Angeles Mayor Eric Garcetti would explain. Last Thursday the nine- screen Cinemark Playa Vista and XD theater became the first business to open in Runway at Playa Vista — the $260- million retail and entertainment complex that, by linking the 460- acre development ’s burgeoning technology mega -center to what will eventually be 6,000 new homes and apartments, completes Playa Vista as essentially a city unto itself. Less than two years after its April 2013 groundbreaking, Runway is only months shy of substantial completion. A 36,000-square-foot Whole Foods Market is set to open as early as May. Sixteen other businesses — restauran...