News: Long Island

Island Associates secures two leases at 490 Wheeler

Island Associates has leased 1,700 s/f of office space located at 490 Wheeler Rd. to Pet Group for long term lease. Roger Delisle Jr. represented tenant and landlord. In a an additional new lease at 490 Wheeler Rd., Island Associates and Mike Murphy of Prudential Realty leased 2,300 s/f. The proximity to Long Island Expressway with Rte.111 access was part of the decision for the tenant's use of this site.
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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.