News: Long Island

Island Associates inks two leases: 4,809 s/f total

Island Associates has leased 2,809 s/f to Insurance Services Inc. for long term lease at 490 Wheeler Rd. Island Associates exclusively represented the owners at the 52,000 s/f office building north of Long Island Exwy. In another transaction at 490 Wheeler Rd., Island Associates leased 2,000 s/f to Forte Properties. Forte are construction managers and landlords.
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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.