In partnership with

516 Update: Your Insider’s Pass to Everything Nassau County

Hello Nassau! Let’s Talk What’s New & What’s Next

A $43 million refinancing puts Garden City’s Franklin Avenue Plaza in today’s lead. Elsewhere, a new Lake Success room supports children during a parent’s cancer treatment, and recent leases add to the local property news.

🌟 Fun Fact:

In July 1909, the Golden Flyer made successful flights on the Hempstead Plains, near where Nassau’s county courthouses stand today. Source: local history

Janine, Mo and Nick

Today’s Edition
🏢 $43 million refinancing for Franklin Avenue Plaza
💛 A $150,000 gift supports a new Lake Success family room
🏘️ Garden City and Rockville Centre leases, plus Umberto’s Jericho plans
🍽️ The Nassau food guide and Small Batch
🗓️ Upcoming Events and Things To Do!

Goldman Sachs Provides $43M Refinancing for Garden City Office Complex

1325 Franklin Avenue, part of Franklin Avenue Plaza in Garden City

1325 Franklin Avenue, part of Franklin Avenue Plaza. Photo source: JLL. View image source

Capstone Equities has secured $43 million from Goldman Sachs to refinance Franklin Avenue Plaza in Garden City, Commercial Observer reported November 2. The office complex contains four buildings totaling 488,835 square feet.

The financing replaces an Argentic loan used for Capstone’s 2025 acquisition. Newmark arranged the transaction, which was part of a larger commercial mortgage-backed securities financing.

Located at 1205–1325 Franklin Avenue, the existing complex is the focus of a financing transaction. The report does not announce a construction project, an ownership change or new jobs.

Access note: The linked source may require readers to register or subscribe to view the full article.

In partnership with
Empire Medical Wellness
Empire Medical Wellness mental health care: $100 off your first appointment for 516 Update readers
Private • Physician-led • Adult care
Mental health care should feel clear, private, and personal.
Empire Medical Wellness provides private adult mental health care, including evaluations, medication management when appropriate, and ongoing follow-up based on your individual needs.
Exclusive 516 Update reader offer
$100 off your first appointment
Mention “516 Update” when booking.
REQUEST A CALL OR TEXT
Prefer to contact them directly?
929-930-3636  •  EmpireMedicalWellness.com

Around Nassau

$150,000 Gift Supports New Lake Success Family Room

The Jennifer Schaefer Child Support Room opened November 2 at Northwell’s R.J. Zuckerberg Cancer Center in Lake Success. News 12 reports that a $150,000 Islanders Children’s Foundation gift made the space possible. Children can spend time there while a parent receives treatment, and the room can also be used for counseling.

Access note: The linked source may require readers to register or subscribe to view the full article.

State Court System Leases 16,000 Square Feet in Garden City

The New York State Court System has leased 16,000 square feet at 100 Quentin Roosevelt Boulevard for judges’ chambers and nonjudicial staff offices, according to Long Island Business News. The report did not give an opening date.

Access note: The linked source may require readers to register or subscribe to view the full article.

Local Updates & Useful Resources

Northwell Signs Rockville Centre Office Lease

Northwell Health leased 1,800 square feet at 218 Sunrise Highway, according to Long Island Business News’ November 5 property roundup. The report identifies the lease but does not announce services or a public opening date for the space.

Access note: The linked source may require readers to register or subscribe to view the full article.

Umberto’s Storefront Takes Shape in Jericho

Umberto’s is preparing a location at Jericho Shopping & Office Plaza on Jericho Turnpike. Its name is on the plaza directory, and reported photos show storefront work underway. An opening date, investment amount and hiring plans have not been announced.

Access note: The linked source may require readers to register or subscribe to view the full article.

Plan a Trip on NICE Bus

Nassau Inter-County Express publishes route maps and schedules for its bus network.

Choose your route and check current service alerts before traveling.

🌤️  WeatherWatch

Tuesday, November 10
High: lower 60s | Low: mid 40s

☀️  Sunny
West wind 10–15 mph, gusting to 25 mph.
Wednesday, November 11
High: lower 60s | Low: mid 40s

☀️  Sunny for Veterans Day
Clouds increase overnight.
Thursday, November 12
High: upper 50s | Low: lower 40s

🌦️  Mostly cloudy; afternoon rain chance
Rain chance: 50% by day, 80% overnight.
Nassau County, NY: southern Nassau forecast
Temperatures in °F. Local conditions may vary.
Source: National Weather Service

RESTAURANT SPOTLIGHT

Small Batch • Garden City

Small Batch in Garden City, image from the restaurant website

Photo: Small Batch website.

Rustic American cooking and seasonal ingredients near Roosevelt Field.

Find it: 630 Old Country Road, Garden City. Check the current menu, hours and reservations before visiting.

View Small Batch’s menu →

14% Annualized: Meet CHAD, Nasdaq-Listed Preferred Stock

Meet CHAD (Nasdaq: CHAD), DeFi Development Corp.'s variable-rate perpetual preferred stock. CHAD currently offers a 14% annualized dividend rate, paid each business day when declared. Based on its current balance sheet, DFDV estimates more than 100 years of dividend coverage. Learn how CHAD works and see the full risk disclosures at whoischad.com.

CHAD is variable-rate preferred stock. Dividends are not guaranteed, and the dividend rate may change. Investment involves risk, including possible loss of principal. CHAD is not FDIC insured. For important risks, disclosures, and prospectus, visit whoischad.com/disclaimer.

IN PARTNERSHIP WITH COMPARE.COM

Is your insurance renewal coming up?

A woman sitting in the driver's seat of a vehicle

If your car insurance policy is about to expire, this is the moment to check whether you're still getting the best deal. Compare.com pulls real-time quotes from more than 120 top insurers — no cold calls, no repeat forms. Just share your info once and see personalized rates side by side in minutes. Compare.com customers have saved up to $900 a year*. Renewal is the easiest time to switch, and it’s free to look. See your options before your policy locks back in.

See Your quotes at Compare.com

What’s Happening in Nassau

Tuesday, November 10 • Local picks for the days ahead.

Anti-Bullying Workshop
Tuesday, November 10, 7–8:45 PM
Massapequa Public Library, Bar Harbour, Massapequa Park
An adult workshop offers parents practical guidance. Check the library for attendance details. View event →

AdvoKids: Veteran’s Day
Wednesday, November 11, 11–11:30 AM or noon–12:30 PM
Long Island Children’s Museum, Garden City
Learn about Navy veteran and code breaker Julia Parsons. Included with museum admission; day-of tickets are required. View event →

Cowboy Junkies
Thursday, November 12, 7:30 PM
Tilles Center, Krasnoff Theater, Brookville
Hear a career-spanning concert. Tickets required. View event →

Syosset Street Fair
Sunday, November 15, 10 AM–5 PM
Syosset
Browse vendors at the rescheduled street fair. Check the organizer for the route and weather updates. View event →

Click here to view all 516 Update events

All times are local. Check the organizers for registration, ticket availability, fees, and schedule changes.

Thanks for reading this week’s 516 Update! We hope you found something to enjoy, explore, or share. Please share this with a friend or family member. We would really appreciate it!