News: Long Island

CLK Commercial Management leases 4,742 s/f at 135 Crossways Park Dr.

CLK Commercial Management leased 4,742 s/f of office space at 135 Crossways Park Dr., to the financial services company Raymond James & Associates, Inc. CLK Commercial Management also signed a lease renewal with tenant Piermont Wealth Management Inc. Ron Coons, vice president of Leasing for CLK Commercial Management, made the announcement. "We're very happy to welcome Raymond James & Associates to our signature Woodbury office building," he said. "Space is at a premium in this Class A property, which remains 100 percent occupied. We look forward to a very long relationship with Raymond James & Associates and extend our thanks to the brokerage team responsible for the transaction." According to Coons, Todd Brandon of UGL Services acted as exclusive broker, assisted by local broker Jack Britvan of Commercial Realty Services of Long Island. The build-out for Raymond James & Associates was completed by CLK Commercial Construction, the construction arm of CLK Commercial Management. Additionally, Coons announced that Piermont Wealth Management Inc. has renewed its lease at 135 Crossways Park Dr. of approximately 1,200 s/f.
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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.