News: Long Island

Certilman Balin Adler & Hyman renews 45,396 s/f lease from CLK/HP

Early this month, Certilman Balin Adler & Hyman, LLP renewed a 15-year lease with CLK/HP, LLC and according to the agreement, the building owner and management company will rebuild the law firm's office space on the 8th and 9th floors at 90 Merrick Ave. Certilman Balin occupies 45,396 s/f, making it the largest tenant of CLK/HP at 90 Merrick Ave. David Glaser, COO of CLK/HP, and Bill Wilkes, Jr., executive vice president, represented ownership in the negotiations. Bernard Hyman, Certilman Balin's managing partner, said, "My partners and I are excited about our decision to maintain our Nassau County presence. We look forward to working with our client, CLK/HP, as we recreate our offices." The construction project, estimated to take from nine months to one year, will involve an entire redesign of the law firm's layout and office space. "This entails more than new wallpaper, carpeting and furniture," said Hyman, "It's like gutting out a house. We are rebuilding." Plans include the resizing of various offices, as well as the library, accounting, reception and central service departments, and new conference rooms to accommodate the latest in technology. In January, CLK/HP purchased the property from RexCorp Realty LLC.
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.