News: Long Island

CBRE arranges 13,189 s/f lease for Nathan's Famous

The Long Island office of CB Richard Ellis has arranged a 13,189 s/f lease for Nathan's Famous, Inc. at One Jericho Plaza. Vincent LaManna of CBRE and Jeffrey Lichtenberg of Fountainhead Enterprises represented Nathan's in the 10-year lease transaction. Adam Rochlin of The Rochlin Organization acted on behalf of the ownership, One-Two Jericho Plaza Owner, LLC, a subsidiary of Onyx Equities LLC. The famed brand, recognized throughout the world, will relocate its corporate headquarters from Westbury to the 640,000 s/f, two-building complex located at One Jericho Plaza.
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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.