News: Long Island

Forchelli, Curto, Crowe, Deegan facilitates Smithers Estate sale

Partners Anthony Baron and Judy Simoncic of Forchelli, Curto, Crowe, Deegan, Schwartz, Mineo and Cohn, LLP negotiated the sale of approximately 25 acres of the 30 acre Smithers Estate to the County of Nassau. The county acquired the land under its environmental bond open space program. Simoncic secured all required zoning approvals to subdivide the property from the involved municipalities of the Villages of Mill Neck and Martinecock. Barton and Simoncic successfully worked with the county to reach mutually agreeable terms, so that under the sale, the property is to be preserved as open space and used by county residents as a passive park. The transaction closed in July. Forchelli, Curto, Crowe, Deegan, Schwartz, Mineo & Cohn, LLP is a full-service law firm with more than 100 employees and offices in Mineola and Melville, N.Y.
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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.