News: Long Island

LIBBI completes $200,000 sale for Chicken Holiday

Long Island Business Brokerage Inc. (LIBBI) the only business brokerage under the Long Island Board of Realtors (LIBOR) and member of the Long Island Commercial Network (LICN) has completed the close-of-sale for the Chicken Holiday franchise at Behr's Shopping Center. The deal was brokered by licensed salesperson and LIBBI principal Michael O'Donnell for $200,000. "This sale is an example of our distinct ability to leverage LIBOR's strong reputation for commercial business opportunities within a historically residential scope," said Gail Gladstone, founder and CEO of LIBBI. LIBBI was founded in response to the lack of licensing or certification requirements to do business brokerage in New York. The company has voluntarily put itself under the auspices of LIBOR to protect its customers, ensure performance under the guidelines of the National Association of Realtors Code of Ethics and reach the broadest audience by enabling the co-brokerage of listings with Realtor members of LIBOR. LIBBI only hires licensed Realtors.
MORE FROM Long Island

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.