News: Long Island

Ashlind Properties arranges two sales totaling 33,000 s/f

Ashlind Properties has completed two sales totaling 33,000 s/f. The sales prices were not disclosed. Case Management, LLC sold their 13,000 s/f facility situated on 2 acres to the principals of Bird Bus Sales located at 155 Terminal Dr. Bird Bus Sales sells commercial and special needs buses. These products are designed to transport people rather than freight. They have additional locations in Elmsford and Port Washington. Growing organically has been there motto. For this expanding business, "the perfect property, fitting all our requirements equates to greater profits," said the principals of Bird Bus. In order to service a greater part of their market, they've expanded east on Long Island. "In a tight market we managed to find a building with great ceiling height sitting on a great piece of property," said Richard Cohen of Ashlind Properties. He and his daughter, Ashley Cohen represented the buyer. In the second deal, Flexible Solutions purchased a 20,000 s/f facility located at 380 Oser Ave., Hauppauge. They are a full service IT company who offer IT support, manage IT services, help desk support, on-site repair services, and IT consulting and technology planning. Miteq, a designer and manufacturer of microwave electronics, sold their facility for $2.4 million to Flexible Solutions. The facility was fully finished and was set up with a generator and a clean room. Richard Cohen was the exclusive broker for the property.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.