News: Long Island

Delisle of Island Associates brokers transaction for CVS

Island Associates represented CVS Drugs in the build-to-suite lease (turn-key) located at Western Patchogue site of Prospect Ave. and West Main St. adjacent to Blue Point. Roger Delisle of Island Associates brokered the transaction representing both the landlord and CVS. The site incorporated 3 parcels, former National Roofing, a two-family home and closed down retail site all encompassing approximately 1.83 acres in the Village of Patchogue. The norm for all entitlements have involved over 30 months in Brookhaven and 20 months in Hempstead, conversely the village of Patchogue process was seamless and effective with permitting time all of 10 months.
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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.