News: Long Island

BOMA LI to host panel discussion

You read about it daily in the media - the mortgage crisis, the challenges facing Long Island, the difficulty of obtaining capital and more. How does this impact commercial real estate in the area, and where is our business heading? BOMA-LI is hosting a panel discussion featuring experts on the Long Island economic situation and focused on the information that building owners and managers need to know now. It will be held on March 13 at 8:15 a.m. at 68 South Service Rd., lower level auditorium * Moderator: David Winzelberg, Real Estate Reporter, LIBN and Spaced Out blog * Panelist: Martin Cantor, director of the L.I. Economic and Social Policy Institute at Dowling College; a former Suffolk County Economic Development commissioner; Adjunct associate professor of Economics and author of "Long Island, The Global Economy and Race: The Aging of America's First Suburb." * Panelist: Clifford Sondock, president, Land Use Institute. * Panelist: Barry Stein, president, Rohman & Stein Associates; Associate Adjunct professor, New York University; education committee chair, the Real Estate Practitioner's Institute.
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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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Columns and Thought Leadership
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.