News: Long Island

Island Associates leases four spaces totaling 6,300 s/f

Island Associates successfully leased four spaces located at Deer Park Commons totaling 6,300 s/f. Tenants include Energy Fuel, Indian Restaurant, Deer Park Salon and Yo Go Wild. The center is located on Commack Rd. and Long Island Ave. and anchored by Retro Gym (15,000 s/f), Advance Auto (10,000 s/f) and Bank of Smithtown. Island Associates represented both the landlord and tenant in these transactions.
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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.