News: Long Island

Island Associates closes three leases totaling 6,820 s/f

Island Associates Real Estate, Inc. has closed the following three leases in Suffolk County totaling 6,820 s/f: * Long Island Fitness & Wellness has leased a 4,225 s/f retail space at 6160 Jericho Tpke. Suzanne Lopez of Island Associates represented the landlord. The tenant was represented by Steven Reichman of Coldwell Banker Commercial Island Corporate Services. * FMI Wireless Inc., a Sprint franchise, has leased a 1,095 s/f retail space at Strathmore Commons, 1245 Middle Country Rd., Middle Island. Lopez represented the landlord and tenant. * Tropical Smoothie Café has leased 1,500 s/f of retail space within 356 Jericho Tpke., Syosset. Roger Delisle of Island Associates represented the tenant. The landlord was represented by Island Associates. Island Associates Real Estate 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.