News: Long Island

Commercial Realty Services of Long Island leases a total of 44,500 s/f

Commercial Realty Services of Long Island has brokered two leases totaling 44,500 s/f. Jack Britvan, SIOR, president of Commercial Realty Services, acted as broker for Eisbrit, which renewed their lease for 4,500 s/f at 7600 Jericho Tpke. Britvan had moved Eisbrit into the building 25 years ago and has acted as their broker in four renewals. Skyzone leased 40,000 s/f in industrial space for 10 years at Jerry Wolkoff's Heartland Industrial Park, Edgewood. Michael Ruggiero, senior managing director of Commercial Realty Services, represented Skyzone. Jerry Wolkoff, the landlord, represented himself.
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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.