News: Long Island

Houlihan Parnes, CLK Management and Menowitz Management acquire property

Houlihan Parnes Realtors of Scarsdale, N.Y., CLK Management of Great Neck, N.Y. and Menowitz Management of Elmhurst, N.Y. have acquired the retail property located at 378 Jericho Tpke. The property located at the corner of Jericho Tpke. and South Oyster Bay Rd., which includes a Bank of America Branch, is a prime retail corner that the group will redevelop. 378 Jericho Turnpike is located within 1 mile of 2.1 million s/f at Crossways and Gateways office parks which are also owned by the group.
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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.