News: Long Island

Galin and Handler of Handler Real Estate represent tenant in 1,400 s/f lease

Handler Real Estate Organization has arranged a new lease on behalf of consignment fashion retailer Second Time Around, which now has two Long Island retail stores and 20 locations throughout the New York/tri-state area. In the new deal, Second Time Around signed a long-term, 1,400 s/f lease at 44a Main St., a high-traffic area between South Bayless Ave. and South Maryland Ave., one block west of the Rte. 101 thoroughfare. Second Time Around, which also has a location in Huntington, has plans for future Long Island expansion. Handler principal Scott Galin, and colleague Darell Handler, represented Second Time Around in the transaction. Handler is Second Time Around's exclusive leasing agent nationally. Fran Foster, of Accents on Real Estate, represented the landlord. Second Time Around is a premier consignment company, offering customers and consignors the best in upscale resale. For almost 40 years, Second Time Around has grown from a single store to more than 40 boutique locations, bringing affordable, high-end style to eleven states. The retailer searches for designer clothes and accessories in great condition, creating a world of unique wardrobes with a smaller carbon footprint.
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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.