News: Long Island

Hoblin of Hunt Corp. arranges two leases for Progressive Insurance totaling 18,000 s/f

Hunt Corporate Services, Inc. represented Progressive Insurance in the lease negotiations for 12,000 s/f of office space in Bohemia, and the lease renewal of 6,000 s/f for office space in Fishkill. John Hoblin of Hunt represented Progressive in both of the recently completed transactions totaling 18,000 s/f. Hoblin has negotiated transactions for Progressive Insurance for many years, including locations in at least ten different states. Locally, in the last several years, he has negotiated leases and renewals in Lake Success, Medford and Bohemia for Progressive. "Progressive has a continuing need to either renew or relocate claims and legal offices," said Hoblin. "Decisions are made at the corporate level in consultation with local managers. Hunt provides the market knowledge and negotiation with local landlords." The Progressive Corporation is a Fortune 500, publicly-traded company, headquartered in Mayfield Village, Ohio, and has 25,000 employees in more than 450 offices throughout the country. Progressive is one of the largest auto insurers in the United States, with over 10 million policies in force offering services through the Internet or by phone and through independent insurance agents.
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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.