News: Long Island

Gurin of Realty Executives closes sale of 5,000 s/f warehouse

Steve Gurin of Realty Executives recently closed on a property at 79 and 79A Hempstead Gardens Dr. Gurin handled both sides of the transaction. This was the sale of a 5,000 s/f warehouse on 15,000 s/f lot. The property was occupied by a New Jersey company that made partition and mats for athletic gyms and stadiums. The new owners are plumbing contractors.
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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.