News: Long Island

Coldwell Banker Commercial NRT Asset Disposition Team selected by the Baldwin Union Free School District to sell three properties

The Asset Disposition Team of Coldwell Banker Commercial NRT, comprised of Suzanne Greenblatt, Scott Unger and Lois Thompson, has been selected as the exclusive associate real estate brokers to represent the Baldwin Union Free School District in the sale or lease of three of its properties. Milburn Elementary School, a 24,817 s/f building on Milburn Ave., sits on 11.65 acres and is listed for sale. A 37,774 s/f Administration Building is for sale and sits on 3.85 acres on Hastings St. in Baldwin. On DeMott Ave., the 31,825 s/f Shubert Elementary School sits on 3.66 acres and is listed for sale. All buildings are also available for lease at $13 per s/f/year. "With prime locations near all major parkways and public transportation, and currently zoned for Residential B (Single Family Detached Dwellings, Senior Residence, and Municipal Recreation Use), these properties present a wonderful opportunity for redevelopment," said Greenblatt. Greenblatt, Unger and Thompson are affiliated with the Coldwell Banker Commercial NRT office located at 2119 Bedford Ave. in Bellmore. Coldwell Banker Commercial NRT is a leading commercial real estate brokerage company in Long Island and Queens, NY and serves the needs of owners and occupiers in the leasing, acquisition, disposition, structured finance and management of all property types. Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate Corporation. The Coldwell Banker network of commercial brokers can be found in 42 countries in North America, South America, Europe, Africa, Asia and Australia. For additional information, visit www.CBCWorldwide.com.
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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.