News: Long Island

Hunt awarded contract to renovate façade for Consumers Kitchens and Baths

According to Hunt Construction Services, Inc., the company has been awarded the contract for a façade renovation. The firm was awarded the contract from the landlord, Long Island Industrial. Hunt will act as general contractor. The project includes the installation of updated façade at 717 Broadway for Consumers Kitchens and Baths. The old façade will be replaced with an Exterior Insulation Finish System (E.I.F.S.) system. Rob Ciurleo, senior director at Hunt, said, "E.I.F.S. creates the look of a concrete fortress to the novice eye. It's a lightweight synthetic wall-cladding that includes exterior sheet rock, rigid foam insulation and thin synthetic coatings. One of the biggest benefits of this system is that the insulation increases the "R" value which makes it more energy efficient." Concrete sidewalks and planters, handicap ramp and railings will complete the upgrade at this location. Long Island Industrial is one of Long Island's largest commercial landlords, representing 3.6 million square feet of property, including a mix of 36 office/flex, retail, R&D, industrial, and warehouse sites. Hunt Construction Services, Inc. provides general contracting, construction management and maintenance services for Long Island companies. Hunt Corporate Services, Inc. specializes in exclusively representing clients for the a acquisition or disposition of commercial real estate. Full information on the firm and their clients can be found at www.huntcorp.com and www.huntcsi.com.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.