News: Long Island

Devaney Realty closes $435,000; Beldiny of Coldwell Banker assists

According to Mike Devaney of Devaney Realty, it has recently closed the sale of 36 Deer Park Ave., a multi-use building, with the help of Lori Beldiny from Coldwell Banker. The 2,000 s/f building consisting of two storefront and two small apartments sold for $435,000. The building was in need of considerable work.
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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.