News: Long Island

Friedman of Pliskin closes $1.9 million sale of 13,500 s/f

Mitchell Friedman, vice president of investment sales at Pliskin Realty & Development, recently closed a $1.9 million sale of a 13,500 s/f medical office building located at 160 Commack Rd. He represented the seller, MCT International, in the transaction. The three-story building, which is currently occupied with two vacancies, will be undergoing a total renovation inclusive of a new facade, interior carpeting, parking lot and landscaping.
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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.