News: Long Island

Hackett of Metro Realty handles nine transactions totaling 55,500 s/f; Blumenthal and Romano of Metro Realty assist in two deals

According to Metro Realty Services, Jeremy Hackett recently closed nine deals totaling 55,500 s/f during the last several months. Ridgewood Industries a Construction Company moved to 4,000 s/f plus yard space at 3118 Horseblock Rd. Inglasia Pentecostal Christo Dise moved into 4,275 s/f at 325 Wyandanch Ave., West Babylon from 114 Long Island Ave., Wyandanch. Pool Service Solutions leased 3,500 s/f at 920 Wellwood Ave., Lindenhurst. They moved from 1285 Montauk Hwy., Copaige. Shadi Paradise, an event planner formerly located at 341 Jericho Tpke. in Floral Park, took 3,600 s/f at 96 Urban Ave., Westbury. Trans Mid East Shipping leased 6,500 s/f at 33B Dubon St., Farmingdale. Brothers Roofing leased 14,276 s/f at 560 Commercial Ave., Garden City. They moved from 7 Terminal Rd., West Hempstead. AJF Realty was a co-broker. Avi Arms leased a 7,100 s/f warehouse at 33A Dubon Ct, Farmingdale. Their old address was 80 Skyline Dr., Plainview. Andy Blumenthal of Metro Realty Services, LLC and Hackett co-brokered a lease with APS Pharmaco who leased 8,700 s/f at 200 Bangor St., Lindenhurst. Nick Romano of Metro Realty Services, LLC and Hackett co-brokered a lease of 3,500 s/f for a newly formed warehouse company which leased 66B Otis St., West Babylon.
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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.