News: Long Island

Hackett of Metro Realty Services completes 8 deals totaling 68,000 s/f

Metro Realty Services, LLC has completed 8 deals totaling 68,000 s/f in spite of the economy according to Jeremy Hackett. Parts Authority purchased 10,000 s/f at 14 Allen Blvd. in Farmingdale. Co-broker Mario Asaro of United Realty represented the seller while Hackett represented the buyer. Purolator USA is expanding by signing a Lease for 20,000 s/f at 430 Smith St., Farmingdale. Hackett was the sole broker in the transaction. Loughlin Manufacturing expanded by purchasing 7,000 s/f at 1601 9th Ave., Bohemia. Hackett represented both buyer and seller. Baron Packaging leased 7,200 s/f at 44 Seabro Ave., Amityville. Hackett represented the tenant and Nick Romano and Charlie Collier represented the landlord. Don Cristi, a contractor, purchased 5,000 s/f on 1/2 acre at 44 Madison Ave., Hempstead. Hackett represented both buyer and seller. Special Testing and Consulting purchased 5,000 s/f at 144 Toledo St., Farmingdale. Andy Blumenthal also of Metro and Hackett represented the seller while Southgate Realty represented the buyer. Certified Restoration purchased 6,000 s/f at 160 Gary Way, Ronkonkoma. Co-broker Mike Schefren and Roger Ramirez of Sutton & Edwards represented the buyer, while Hackett represented the seller. J. Anthony Enterprises purchased 8,000 s/f at 1606 9th Ave., Bohemia. David Rotter also of Metro represented the buyer, while Hackett represented the seller.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.