News: Long Island

Harwood of NYCRE arranges 20,000 s/f lease

Robert Harwood, executive VP of New York Commercial Real Estate (NYCRE), has completed the seven-year lease of a 20,000 s/f mixed-used property. The office/residential center is located at 128 Old Town Rd. Harwood was the exclusive broker, representing the owner/landlord, Setauket Investor, LLC, and the tenant, Brookhaven Agency, Inc., an insurance agency. The tenant relocated to the 128 Old Town Rd. property from another location in Setauket. Brookhaven Agency took occupancy on November 15th following suite renovations.
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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.