News: Long Island

Leibowitz of Arldon Realty and LICN brokers two leases - 7,545 s/f; Includes 7,000 s/f to Precious Kids Learning Center in Bay Shore

Sheldon Leibowitz, Long Island Commercial Network (LICN) member and founder/managing broker at Arldon Realty LLC, has brokered two leases totaling 7,545 s/f. In the first deal, Leibowitz leased 7,000 s/f to Precious Kids, Learning Center at 26 North Clinton Ave. The tenant will utilize the space as a day care center. Arldon Realty represented the owner and Carin Roth with Fire Island Real Estate represented the tenant in the three-year lease. The second lease was for a 545 s/f office space at 28 West Main St. Arldon Realty represented the landlord and tenant.
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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.