News: Long Island

Kozel speaks at CoreNet L.I. breakfast meeting

There was a mix of good cheer and cause for concern at the monthly meeting of the Long Island Chapter of the CoreNet Global Corporate Real Estate Network, held Oct. 16 at the Milleridge Inn. Those attending the breakfast heard Peter Kozel, executive managing director of research and real estate strategies at Newmark Knight Frank, outline how the current economic slowdown may ripple through Long Island's real estate market. On the plus side, for the first time two charities - Make-A-Wish Foundation and Big Brothers Big Sisters of Long Island - each received a $20,000 check thanks to the CoreNet Global L.I. Chapter's 12th annual charity golf and tennis outing, held July 21 at Engineers Country Club in Roslyn Harbor and North Shore Country Club in Glen Head. Representatives from both charities were on hand to receive the gifts.
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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.