News: Long Island

Feil and Fisher of Feil Org. collaborate with Agin, Nuzzolese and Leiderman of Colliers for 52,936 s/f

According to The Feil Organization, it has completed a ten-year lease renewal, expansion and restacking for 52,936 s/f with law firm Cullen and Dykman, LLP at Garden City Center, 100 Quentin Roosevelt Blvd. Herbert Agin, Gus Nuzzolese, and Darren Leiderman of Colliers International LI Inc., represented Cullen and Dykman; Brian Feil and Robert Fisher represented The Feil Org. One of the largest law offices on Long Island, Cullen and Dykman LLP has been a tenant at Garden City Center since 2003. In addition to their Long Island location, the firm has offices in Manhattan, Brooklyn, Albany, New Jersey and Washington, D.C. "We are proud to continue our long-term relationship with Cullen and Dykman," said Robert Fisher, director of commercial leasing at The Feil Org. "They have been a valued tenant of ours at Garden City Center, and we are pleased that this affiliation grows stronger over time. Retaining this prestigious firm and significant anchor tenant in our building is a sign that The Feil Organization is doing its job well." Built in 1990 and owned by The Feil Organization since 1995, the 200,000 s/f Garden City Center is one of Long Island's trophy buildings. The glass-walled, 5-story building features a magnificent atrium with a cascading waterfall, a conference center, on-site fitness center and parking. Other tenants in the building include William Penn Life Insurance, Triton Construction, Miller & Milone P.C. and Janover Rubinroit, LLC. The Feil Org. is a privately held established commercial real estate firm headquartered in New York City. A powerful force in real estate for over 50 years, the company owns and operates a nationwide portfolio of over 26 million s/f of retail and commercial space, and over 5,000 residential rental units. In addition to Garden City Center, Feil owns buildings across Long Island, the five boroughs, including 2001 Marcus Avenue in Lake Success, Nassau Mall in Levittown and Mayfield Estates in Valley Stream. The organization maintains regional offices in Chicago, IL; New Orleans, LA; St. Petersburg, FL; and on Long Island in Levittown, NY.
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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.