News: Long Island

Koenigsberg of American Investment named Commercial Broker of the Year by Long Island Business News

Pictured above (from left) are: Long Island Business News’ publisher Scott Schoen and Konigsberg.

Garden City, NY Ron Koenigsberg, CCIM, President of American Investment Properties received the Commercial Broker of the Year award from the  Long Island Business News  at the 2017 Real Estate and Development Awards.

Koenigsberg sold about $47 million worth of commercial real estate in 2016, which included 246,515 s/f of commercial space. Among his noted deals included the $27 million sale of the Cherry Valley Shopping Center in West Hempstead, where he represented the seller and buyer.

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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.