News: Long Island

Fornabaio of Vanderbilt arranges 2,600 s/f office lease; Reps tenant and landlord

200 Sunrise Highway - Rockville Centre, NY 200 Sunrise Highway - Rockville Centre, NY
Anthony Fornabaio, Vanderbilt Realty

Rockville Centre, NY Vanderbilt Realty, a commercial brokerage firm located in Glenwood Landing, represented the tenant and landlord in a 10-year lease at 200 Sunrise Hwy. Vanderbilt had the exclusive listing on the 2,600 s/f office from 200 Sunrise Associates, LLC which is the entire second floor of the building. The property is a mixed-use building with apartments, offices and six retail stores.

Anthony Fornabaio, the director of leasing, brokered the lease. The lease price equates to $25 per s/f with annual increases. 

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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.