News: Long Island

Cohens of Ashlind Properties arrange 40,300 s/f industrial lease

Richard Cohen of Ashlind Properties has arranged an industrial lease for Los Angeles-based UniNet Imaging Inc., an aftermarket manufacturer of laser printer supplies and chips. UniNet leased 40,300 s/f for its new East Coast distribution center at 721-725 Broadway Ave., from Long Island Industrial Management LLC. UniNet will almost double the space it now occupies at 95 Orville Dr., in Bohemia. In 2007, UniNet acquired Bohemia-based Summit Technologies. UniNet is expected to occupy the new space in March. Cohen, president of Ashlind Properties, and Ashley Cohen, a director at Ashlind, represented UniNet. Michael Schefren of Colliers International's Long Island office, represented the landlord of the multi-tenant building, Syosset-based Long Island Industrial Management Llc, a company owned by New York City real estate investor Rubin Schron. The deal is among the first completed transactions this year for Cohen, whose sales and lease transaction volume for 2010 totaled 1.5 million s/f. Last year, CoStar News designated Cohen an Industrial Leasing Power Broker for the eighth consecutive year and Long Island Business News honored him as the top industrial broker on Long Island for 2009. Synonymous with industrial real estate on Long Island for more than two decades, Ashlind Properties, headquartered in Hauppauge, N.Y., is an independent, full-service commercial real estate firm that provides a high level of specialized industrial real estate brokerage.
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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.