News: Long Island

Gladstone of Long Island Business Brokerage markets property

In a transaction valued at just under $600,000, Gail Gladstone, broker/owner of Long Island Business Brokerage, Inc., successfully marketed the property housing the former Larry's Automotive located at 937 Rte. 25-A. Although representing the seller, 937 Route 25-A LLC, Gladstone brought Michael Keenan of Sound Beach, the buyer, to the table. Keenan is continuing the operation of automotive repairs.
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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.