News: Long Island

Hoblin of Hunt Corp. represents tenant, LICF, in 2,150 s/f lease

According to Hunt Corporate Services, Inc., Long Island Community Foundation (LICF) has leased 2,150 s/f of office space at 900 Walt Whitman Rd. John Hoblin, senior managing director at Hunt, exclusively represented the tenant in the lease negotiations. The landlord, Huntington Office Center, LLC, was self-represented. "We required a more centralized location since the donors and those we serve are in both Nassau and Suffolk Counties. The Melville area was a perfect fit," said David Okorn, executive director, LICF. Hoblin said, "We worked with the LICF for over a year, helping to analyze their needs, giving them a wide range of alternatives, and finally working with the Huntington Office Center to secure the foundation's new home." The LICF is a non-profit, charitable organization that connects donors with the full spectrum of charitable organizations within the Long Island community. In 1978, The New York Community Trust, one of the nations' oldest and largest community foundations, established a Long Island division to provide Nassau and Suffolk County residents with an economical alternative to a private foundations or a commercial gift fund. LICF provides personalized and responsible philanthropic advisory services and financial stewardship to make giving meaningful, effective and easy for donors with the ultimate goal being to provide the stewardship that donors deserve and to ensure that their assets are invested and distributed wisely, whether to the arts, education, health, human services, or the environment.
MORE FROM Long Island

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.