News: Long Island

Delisle of Island Associates extends 11,000 s/f lease

1825 Brentwood Road - Brentwood, NY 1825 Brentwood Road - Brentwood, NY
Roger Delisle, Jr., Island Associates Roger Delisle, Jr., Island Associates

Brentwood, NY Island Associates Real Estate Inc. has extended a new lease at 1825 Brentwood Rd. to NY Variety, consisting of furniture, home furnishings and household products. NY Variety occupies 11,000 s/f at this location joining Rite Aid, Suffolk County Health Faculty, Checkers Hamburgers and Compare Supermarket. Aggregate rental exceeds $2.5 million. Roger Delisle, Jr., managing director of Island Associates exclusively represented landlord and tenant.

The firm provides a full range of services for institutions, investors, developers, retailers and owners of commercial, retail and multifamily properties. They believe superior management is the cornerstone of a property's competitive stand and long term value. Their commercial brokerage and management team offers extensive experience with the operational, marketing, tenant representation and financial expertise to increase profitability and to add value to the properties they manage. They have managed in excess of 1.9 million s/f of commercial space throughout the New York metro area, servicing over 750 retail, office and residential tenants. Providing management services, Island Associates brings all traditional elements of responsible property management along with the added attention that only an owner-operated real estate company can offer. The firm is uniquely structured to provide specialized expertise through a team approach that generates outstanding result. Any one of their commercial brokers can discuss your property development needs or your future business locations. The Long Island commercial real estate market can pose many challenges for both expanding local businesses and new market entrants.

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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.