News: Long Island

Cohen of Ashlind Properties brokers two sales totaling $6.324 million and five leases totaling 119,237 s/f

Richard Cohen of Ashlind Properties (www.ashlindproperties.com) has brokered two sales totaling $6.324 million and five leases totaling 119,237 s/f. The deals include: * The $3.75 million sale of 2070 Fifth Ave. Cohen represented the buyer, Carson Optical, and seller. The 50,600 s/f facility is situated on four acres and the open floor plan provided the buyer with many configuration flexibilities for their growing office operations. * The $2.574 million sale to Command Business Products for a 22,000 s/f facility located 310 Oser Ave., Hauppauge. The facility has been renovated and the office space was a perfect match for their business. * Echo Lake Industries, a wholesaler of Men's Apparel, consummated a 11,800 s/f lease for warehousing and assembly space located at 1980 New Hwy., Farmingdale. Ashlind represented Echo Lake. * Ashlind negotiated a 38,690 s/f warehouse lease renewal for Source One at 20 Commerce Dr., Hauppauge. * In a second lease deal for Source One, Ashlind negotiated an expansion of a 16,637 s/f warehouse space at 24 Commerce Dr., Hauppauge. * On behalf of Bay Shore Moving & Storage, Ashlind negotiated a lease for 8,230 s/f of storage space located at 390 Oser Ave., Hauppauge. * Representing the sub-landlord and sub-tenant, Diamond Truck Leasing Corp., Ashlind consummated a sublease for 43,880 s/f located at 50 Emjay Blvd., Brentwood. The deal involved a sublease from Elm Freight Handlers.
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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.