News: Long Island

Forchelli honored with 2012 Real Estate & Development Award

Long Island Business News honors managing partner, Jeffrey Forchelli with a 2012 Real Estate & Development Award - Most Creative Commercial Deal for the Nassau Community College expansion project. Nassau Community College (NCC) received about 23 acres of former Navy property transferred to Nassau County when this plan, nine years in the making, came together. NCC received nearly 13 acres and Nassau county got the rest, leaving four houses on 2.3 acres for veterans through the Homes for Our Troops program. Orchestrated largely by Forchelli, the land-used plan allowed AvalonBay Communities to purchase and redevelop 17 acres on the north side of the Long Island Rail Road tracks that bisect the former Navy property. The town of Hempstead then rezoned the parcel so AvalonBay could build 160 apartments, 44 three-bedroom town homes and a clubhouse. Founded in 1976, Forchelli, Curto, Deegan, Schwartz, Mineo, Cohn, & Terrana LLP is one of Long Island's most acclaimed and distinguished law firms. Headquartered in Uniondale, NY, the Firm is conveniently located for clients in Nassau and Suffolk. The Firm employs nearly 50 attorneys who provide counsel to a broad range of clients, including national, regional and local businesses, major real estate developers and organizations, banks, insurance companies, municipalities, educational institutions, and individuals.
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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.