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Business News

Michelangelo of Riverhead closes its doors

The restaurant, which opened less than six months before the pandemic struck, is "a victim of this pandemic," the restaurant posted on its Facebook page. The site. where three restaurants have opened and closed in the past decade, is being sold, a source close to the property owner said.

Suffolk Theater scrambling to book acts, aiming for September reopening

With the governor's announcement this week that most businesses, including theaters, will be allowed to operate at 100% capacity as of May 19, the Suffolk Theater in Riverhead got busy trying to book acts in a hurry. "Coordinating the dates has been like trying to solve a Rubik’s Cube," theater owner Bob Castaldi said.

Large marijuana grower makes $42.5 million investment in Riverhead farm

Columbia Care, one of the country's largest marijuana growers and operators of medical marijuana dispensaries, has purchased a 34-acre farm and greenhouse facility in Riverhead for $42.5 million.

Riverhead auto dealership sold

A Riverhead auto dealership owned by the same family for 45 years has changed hands. The Strollo family has sold Riverhead Chrysler-Dodge-Jeep-Ram to the owner of Stevens 112 Ford.

Long Island farmworkers launch cooperative: ‘We can grow our own futures’

“As immigrant workers, we can be successful...we can grow our own futures.," cofounder and director of the new Long Island Farm Workers Cooperative said.

Construction trade unions set upcoming recruitments

Painters, laborers, ironworkers and operating engineer unions are conduction upcoming recruitments this month.

NYU Langone and L.I. Community Hospital enter talks for potential merger

Long Island Community Hospital in East Patchogue has signed a non-binding letter of intent with NYU Langone Health to begin discussions on a potential transaction that would bring the community hospital into NYU Langone’s healthcare network.

M&T Bank to acquire People’s United Bank

People’s United Bank, which acquired Riverhead-based Suffolk County National Bank in 2017, will be acquired by M&T Bank in a deal valued at approximately $7.6 billion.

Paumanok Vineyards named Winery of the Year at NY Wine Classic competition

This was the third time the Aquebogue estate vineyard earned the Winery of the Year distinction.

New grocery headed for former Best Market site

A Fine Fare supermarket will be opening in the former Best Market store on Route 58. Best Market supermarkets were purchased in 2018 by LiDL, which is opening a Riverhead location the former Toys 'R' Us site later this year.