News: Long Island

Dorman of Hunt brokers $605,000 sale of 3,065 s/f office building

According to Hunt Corporate Services, Inc., Vision Risk Services, LLC has purchased a 3,065 s/f office building at 300 Commack Rd. Andy Dorman of Hunt represented the seller and buyer. The office building is a two-story, free-standing, commercial property, zoned for medical or professional use that sold for $605,000. "Vision Risk waited a long time and was delighted to find just the right building in the right location," said Dorman. "It was important for them to relocate in close proximity to their present location on Jericho Tpke. in Commack, just half a mile down the road." Vision Risk provides innovative solutions to claims management. The Vision team works in unison to provide risk managers with service that achieves claim outcomes that reduce the costs of risk. Services include a general risk management program, consulting, and product line claims administration. These services create a customized response to the production, work force, and regulatory risk management issues that are unique to the clients' industries.
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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.