Plainview, NY The Long Island chapter of CoreNet Global held its annual Economic Forecast Breakfast on February 2nd at Carlyle at the Palace.
James Brown, labor market analyst, New York State Department of Labor, and Kenneth McCarthy, principal economist and applied research lead, Cushman & Wakefield, presented generally positive forecasts for the labor market, real estate market, and overall economy on Long Island and in the region for 2017.
CoreNet Global is a non-profit association, headquartered in Atlanta, representing more than 10,000 executives in 50 countries. Members have strategic responsibility for the real estate assets of large corporations. The organization’s mission is to advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, designations and networking.
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.