News: Long Island

Cohen of Ashlind Properties arranges 56,000 s/f warehouse lease; Farrell of Coldwell Banker reps landlord, Sinkoff Realty

Richard Cohen, president of Ashlind Properties, has arranged a warehouse lease for 56,000 s/f on behalf of Island Swimming Sales Inc., which operates the Island Recreational chain of retail stores selling swimming pools and supplies Island Swimming Sales signed a five-year lease for 56,000 s/f at 445 Sills Rd., a 350,000 s/f multi-tenant warehouse building in the Max Industrial Park. Cohen represented Island Swimming. Leo Farrell of Coldwell Banker Commercial Island Corporate Services represented the landlord, Sinkoff Realty. Based in Massapequa, Island Swimming operates stores in Deer Park, Farmingdale, Franklin Square and Medford. The transactions bring Cohen's transaction volume - sales and leases—in 2014 to 1.5 million s/f. Founded in 1990, Hauppauge, New York-based Ashlind Properties has been recognized as Co-Star's Top Brokerage Firm in the Long Island market place every single year since 2002. It has been recognized every year since 2008 for arranging the largest real estate deals of each year. Ashlind, which specializes in all types of commercial real estate and leasing transactions focused largely on Suffolk County, has numerous repeat clients, including ELM, CMB Wireless, LNK and Global Tissue Corp.
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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.