News: Long Island

Diller and Schneider of Charles Rutenberg Realty handle 21,450 s/f lease

Sherwood Corporate Center has leased 21,450 s/f of warehouse and distribution space to Chembio Diagnostic Systems, Inc., which develops, manufactures, markets and licenses point-of-care diagnostic tests. Charles Rutenberg Realty, Inc.'s Richard Diller, associate broker and the director of its commercial division, along with Michael Schneider, licensed real sales agent, represented Chembio Diagnostic. Agent Lorraine O'Hara of Sperry Van Ness/Reality Three Advisors, LLC represented the landlord and its managing directors Todd Mendik and Charles Lefkowitz.
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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.