News: Long Island

Island Associates arranges three leases totaling 3,840 s/f

Island Associates Real Estate has completed three leases totaling 3,840 s/f. The deals include: * A 2,250 s/f office lease located at 490 Wheeler Rd., Hauppauge to Vanguard Funding LLC for a five-year lease. Roger Delisle of Island Associates represented the landlord and tenant. * A 690 s/f lease to Garson Goldstein, CPA for a three years at 490 Wheeler Rd. Delisle represented the landlord and tenant. Vanguard Funding and Garson Goldstein join 20 tenants at the office building, and the aggregate rental for the new leases is over $410,000. * A 900 s/f retail lease located at 420 Wantagh Ave., Bethpage to Vape N Haven, Inc. Vape N Haven has joined Bethpage Bagels, Bethpage Cleaners, and Izumi. The lease was brokered by Suzanne Lopez of Island Associates. Island Associates is a commercial real estate brokerage and management firm that provides a full range of services for institutions, investors, developers, retailers and owners of commercial, retail and multifamily properties. The firm has been serving Long Island for the last 26 years.
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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.