News: Long Island

Hunt of Hunt Corporate Services leases 5,500 s/f office

David Hunt of Hunt Corporate Services, Inc. has arranged a 5,500 s/f office lease to Macrolease Corp. at 185 Express St. for its corporate headquarters. Hunt represented the landlord, Anton Cerrone Associates, in the lease negotiations. Macrolease Corp., a subsidiary of Bank of Rhode Island, has been operating since 1969 as a full-service national equipment leasing company that specializes in a variety of markets. Macrolease is widely known for its ability to provide customized and specialty leasing programs for its clients. Bank Rhode Island is wholly owned by Brookline Bancorp, Inc., a multi-bank holding company for Brookline Bank, First Ipswich Bank, and Bank Rhode Island and their subsidiaries. Hunt Corporate Services, Inc. specializes in exclusively representing clients for the acquisition or disposition of commercial real estate. Hunt Construction Services, Inc., provides general contracting, construction management and maintenance services for Long Island companies.
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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.