News: Long Island

Delisle of Island Associates closes $2.275 million sale in Bohemia

Island Associates has brokered the sale of former Tower Diner located at the entrance to McArthur Airport at 4180 Veterans Memorial Hwy. The site consists of .79 acres with a 5,500 s/f building. The site is located at a traffic light with parking for 55 cars. Roger Delisle represented the seller, Seville Forum Diner, Inc. and the purchaser, 4180 Bohemia LLC in this transaction. The purchase price of $2.275 million.
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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.