News: Long Island

Fiorini and Posillico of Alliance Real Estate secure 12,500 s/f long-term lease; Bilski of Alliance with Attivissimo of Greiner Maltz ink 3,100 s/f

According to Alliance Real Estate Corp., the firm has completed two leases totaling 15,600 s/f. NY Cheer All Stars, Inc., a cheerleading and tumbling training facility, signed a long-term lease for about 12,500 s/f in the industrial building located at 10 Dunton Ave. They moved from a smaller facility in the area to this larger, more modern facility with higher ceilings and larger floor space. Alberto Fiorini and Frank Posillico, managing principals of Alliance Real Estate represented the tenant and landlord. The American Real Estate School, a source of real estate education for over 40 years on Long Island , signed a lease for about 3,100 s/f in the Pall office building at 95 Oser Ave. in Hauppauge. The school wanted to keep their main location in Hauppauge, and decided on this more convenient location on Oser Ave in the Hauppauge Industrial Park. James Bilski, managing director of Alliance Real Estate represented the tenant, and Tom Attivissimo of Greiner Maltz of LI represented the landlord, Pall Corp.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.