News: Long Island

Broadhollow Associates completes four leases signings at Rubie Corporate Plaza totaling 15,719 s/f

Rubie Corporate Plaza has complelted the signing of four long term leases, totaling 15,719 s/f, bringing the occupancy to 65%. The latest additions include Northwestern Mutual Insurance Co. with a 10,252 s/f lease on the third floor for Community National Bank, which is in addition to the branch location they presently occupy on the lobby level. Also, GM Advisory has added 1,500 s/f to their present 5,500 s/f location. The Archer Financial Group has leased 2,522 s/f on the third floor. The Transactional Auditing Group signed for 1,445 s/f on the third floor. These tenants signify the demand for superior location, amenities and a quality services for their offices. Considerable emphasis was placed on the fact that the building maintained full power during the most recent storm. The Jewel Restaurant located in the building provides an atmosphere of fine food and NYC ambiance here on Long Island for client entertaining and corporate events, according to Marc Beige, principal of Broadhollow Associates, owner of Rubie Corporate Plaza, "It gives me great pleasure to see how Rubie Corporate Plaza has developed into the Jewel of the Route 110 Corridor. We always envisioned a signature property that would appeal to the top end tenants. Rubie Corporate Plaza delivers the very best in location, services and amenities, which has been the cornerstone of our investment in the area. We continue to have the utmost confidence in the vitality and the future of the Melville office market".
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.