News: Long Island

Jones Lang LaSalle expands services in LI market

According to Jones Lang LaSalle, Raymond Ruiz, executive vice president, and Marianne Dugan, vice president, have opened the firm's new Melville, N.Y., office to continue expanding the company's presence in the Long Island market. Ruiz has more than 20 years of experience as a broker in Long Island representing owners and tenants throughout the market. He will head the newly established office, and his responsibilities as the lead broker will include recruiting top talent, new business development, agency leasing and tenant representation, and integrating the company's real estate brokerage activities with project management, facilities management, property management, public markets and capital markets services. Ruiz will report to Jonathan Meisel, market director for the suburban tri-state region, including New Jersey, Westchester County, N.Y., and Conn. "We are excited to commit additional resources to this important market," said Meisel. Dugan has more than five years of experience in Long Island commercial real estate. She works closely with senior-level executives, focusing on agency leasing, tenant representation, property dispositions and new business development. Prior to joining Jones Lang LaSalle, she was a senior associate with CB Richard Ellis. Earlier, Dugan was director of domestic licensing with New Line Cinema, where she specialized in product licensing entertainment properties spanning several platforms. Ruiz and Dugan are active participants in local charities such as the Long Island real estate division of the March of Dimes, The United Way and Ronald McDonald House Charities.
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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.