News: Long Island

Caiola of Zere Real Estate Services brokers $210,000 land parcel sale

According to Zere Real Estate Services, a land sale for the future development site of new construction, 3,000 s/f multi-industrial buildings to be built in 2014 has been completed. The purchase price was $210,000 for one-acre zoned industrial in the township. "The Horseblock Rd. location is an ideal site for new business development that will accommodate the growing need for smaller industrial space in the area. Zere Real Estate Services will be exclusively representing the site and preleasing this location upon ground-breaking," said Paul Caiola, senior managing director of Zere. Caiola represented the buyer. Richard Fierro of Universal Land Sales represented the seller.
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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.