News: Long Island

Bonarelli-Lugo speaks at LICN breakfast meeting, "The Procuring Cause-Who's Going to Get Paid?"

The LICN breakfast meeting was planned to be a discussion of issues and challenges that can arise in commercial sales. Titled "The Procuring Cause-Who's Going to Get Paid?" the meeting focused on conflicts between more than one broker expecting to collect a commission for the same deal. Determining the procuring cause is the way the issue is effectively resolved in many cases. Linda Bonarelli-Lugo, the 2012 MLS president led the discussion. Several fictitious case studies were discussed and the lively discussion got everyone thinking. Neil Garfinkel, a real estate attorney and sponsor and Board member of LICN raised some interesting questions and reminded the attendees of bvrelevant facts to keep in mind. Specific ways to protect oneself and eliminate the possibility of confusion or jeopardy to commission were proposed and discussed. The next LICN meeting will be at the Hilton Hotel on June 1 and LICN asks attendees to come armed with flyers of properties they have for sale and those they need to fulfill their clients needs.
MORE FROM Long Island

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.