News: Long Island

Giamo of The Giamo Group and Wenk of Jones Lang LaSalle collaborate to complete 31,000 s/f

According to Marc and Howard Beige, owners of Rubie Corporate Plaza, Quinlan Financial Group part of Northwestern Mutual Financial Network has signed a long term lease for the entire second floor. The new building is located on the crossroads of Rte. 110 and the LIE Service Rd. Quinlan Financial Group, presently located in Commack, was considering a move to Nassau County. After months of searching for class A property, they concluded that Rubie Corporate Plaza satisfied every requirement. A major goal was to continue to attract and maintain the highest level of financial representative synonymous with their trademark reputation. The 31,000 s/f lease will provide them with amenities and services, including the newest location of restaurateur Chef Tom Schaudel which will open first quarter 2011 in 10,000 s/f on the first floor. The Northwestern Mutual Life Insurance Company has helped clients achieve financial security for more that 150 years. Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. The Quinlan Financial Group expects to take occupancy in mid year 2011 and have over 100 representatives and staff. The Rubies Corporate Plaza is a statement of 21st Century architecture, designed by Award winning architect Tom Mojo of Mojo Stumer Architecture. The showcase building is highlighted by a three story Regale glass staircase designed and created in Ancon, Italy. The staircase is the focal point of the lobby and will be the major entrance on the second floor to the Quinlan Financial Group location. The building is owned by Broadhollow Associates, a subsidiary of Rubies Costume Company who is the largest designer, manufacturer of costumes worldwide with 21 locations in 10 Countries. Quinlan Financial Group was represented in the negotiation by James Wenk, senior vice president with Jones Lang LaSalle, and the Rubie Corporate Plaza by Kathleen Giamo, principal at The Giamo Group.
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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.