News: Long Island

Jawdat of New York Commercial Real Estate, Ltd. represents buyer and seller-$5.75 million

New York Commercial Real Estate, Ltd. (NYCRE) has sold a retail strip center at 3663 Rte. 112 in Coram for $5.75 million. The retail center has 16 stores ranging from 1,200 to 5,000 s/f and also two warehouses in the back of the property. Jack Jawdat ([email protected]) of NYCRE represented the seller and the buyer was a private investor. "New York Commercial Real Estate is dedicated to building strong relationships with our clients, which is one of the major reasons we are so successful. The sale of 3663 Rte. 112 in Coram was dependant on us providing 'best in class' commercial real estate services to our clients," said Jawdat. The property is located on Route 112, a high traffic road, in Coram, NY and it is also less than a mile directly south of Middle Country Road. Both roads have a high density of commercial properties. The property is located in a busy suburb on Long Island with many residential properties. In March 2009, at a time when the market was in uncertain times, Jack Jawdat established New York Commercial Real Estate, Ltd. With his expertise in the business and his dedication to his clients, the company has thrived. They offer comprehensive services for office, industrial, retail and investment property sales and leasing. Also, they work with land development and property management. To learn more about New York Commercial Real Estate, visit www.nycommercialrealty.com or contact New York Commercial Real Estate Ltd. President Jack Jawdat at (631) 656-0360 or [email protected].
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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.