News: Long Island

Charter Realty & Development completes three leases-11,501 s/f

Charter Realty & Development Corp. has arranged three leases, totaling 11,501 s/f in the Lake Shore Plaza II Shopping Center. Charter Realty arranged for a 7,184 s/f lease with AutoZone, a 1,817 s/f lease with Verizon and a 2,500 s/f lease with Century 21. AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the U.S. AutoZone sells auto and light truck parts, chemicals and accessories through its stores in 48 U.S. states plus the District of Columbia, Puerto Rico and Mexico. Verizon owns and operates the nation's largest 4G LTE network. By the end of 2012 the company's 4G LTE network is expected to cover more than 260 million people in 400 markets across the country. Verizon built the nation's first wide-area wireless broadband network and delivered the nation's first wireless consumer 3G-multimedia service. Verizon offers global voice and data services in more than 200 destinations around the world. Century 21 Real Estate LLC is the franchisor of the world's largest residential real estate sales organization, providing comprehensive training, management, administrative and marketing support for the CENTURY 21 System. The System is comprised of approximately 7,600 independently owned and operated franchised broker offices and 112,000 agents in 71 countries and territories worldwide. Charter Realty & Development currently owns or leases over 14 million s/f of shopping centers throughout the Northeast.
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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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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.