News: Long Island

Haynes of Polimeni Realty completes 2 transactions - 9,200 s/f

Doug Haynes, senior VP of Polimeni Realty, has started off 2010 with two office leases totaling 9,200 s/f. Haynes worked with owner CLK in Woodbury and leased 5,200 s/f to Realty Connect USA at 175 Crossways Pk Dr. The owner is CLK/HP. The landlord representative was Ron Coons. He also leased an additional 4,000 s/f from 110 Marcus Blvd. Realty in Hauppauge at 35 Arkay Dr. in Hauppauge. The landlord broker was Scott Berfas of Newmark of LI. Realty Connect is a new startup residential and commercial real estate brokerage company offering a new concept to the real estate brokerage community.
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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.