News: Long Island

Cohen of Ashlind and Posillico of Alliance broker sale of 10,000 s/f

Robert Pastorelli of VIP Advertising, a printer of weekly advertising circulars has sold his 10,000 s/f facility located at 215 Oser Ave. Richard Cohen of Ashlind Properties acted as the broker on behalf of the seller. Cohen collaborated with Frank Posillico of Alliance Real Estate Corp Properties sold this facility to Ronnie Fregara of FG Westbury Management, LLC, a manufacturing company. Ashlind Properties, established in 1990 and headquartered in Hauppauge, is an independent, full-service commercial real estate firm that provides a high level of specialized industrial real estate brokerage.
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.