News: Long Island

Hunt of Hunt Corp. Services honored by CoStar Group

CoStar Group Inc. has named David Hunt, president of Hunt Corporate Services, Inc. and Hunt Construction Services, Inc., a top L.I. Power Broker. Awards are presented each year to local firms and individual brokers who achieved the highest transaction volume in commercial property sales and leasing in their market during 2012. CoStar Group founder and CEO Andrew Florance said, "CoStar is proud to honor the firms and brokers who perform at the industry's highest level each year. These industry leaders deserve to be recognized for their hard work, expertise and superior deal-making abilities. We extend our congratulations to this year's winners on their achievements." CoStar Group, Inc. founded in 1987 is commercial real estate's leading provider of information, analytics and marketing services producing and maintaining the largest and most comprehensive database of commercial real estate information. Services enable clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 6.7 million registered members. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe including the industry's largest professional research organization. Hunt Corporate Services, Inc. has been serving the Long Island commercial real estate market with timely and professional counsel and advice since 1981. Unlike traditional real estate brokers, Hunt represents its clients exclusively, as corporate real estate department. Whether marketing commercial property or acquiring it, Hunt has a fiduciary responsibility to its clients in all phases of the transaction. Today, services are offered countrywide, with recent assignments as diverse as Virginia, Texas, Massachusetts and New Jersey. Hunt works with a limited number of clients ensuring the attention deserved in a fiduciary capacity. The firm focuses on marketing and acquisition of property, emphasizing highly personalized corporate real estate service that is straightforward, timely and confidential. Hunt Construction Services, Inc. provides a single point of contact for all commercial construction and maintenance needs in the New York metro area. This includes all phases of renovation, from roof maintenance and replacement, to extensive interior and exterior remodeling, to out of the ground construction. Energy analysis, building inspections, engineering reports, as well as space planning and design are also offered to clients. Structured for maximum flexibility and minimum response time, Hunt's emphasis is to provide clients with highly personalized construction and maintenance services that are timely, professional, and economical. Both construction management and general contracting services are available through Hunt's experienced team. Hunt partners have over 75 years experience in commercial real estate and construction and bring an unsurpassed level of knowledge to each and every client. For further information, contact Christa Cherney at (516) 937-1000 [email protected]. Full information on the firm and their clients can be found at www.huntcorp.com or www.huntcsi.com.
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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.