News: Long Island

LICN holds 2nd seminar: Introduction to Commercial R.E.

LICN held its second Seminar "Introduction to Commercial Real Estate." ?It was another success! Over 44 attendees plus a bounty of knowledgeable speakers, the reviews were uniformly rousing! ?Denise Gershenson & Debbie Garnock of Newsday hosted LICN at the Newsday Auditorium in Melville and started us off with a short presentation of the power of Newsday in real estate advertising. ?Eric Brecher of WAMU 1031 Exchange gave an overview of the 1031 procedure, who & how investors can benefit from this tax process, and the timelines associated with the law. Ed Smith, (CBCNRT) noted teacher and lecturer, compiled and explained some of the terminologies unique to commercial real estate practice, and the formula for leasing & grading the various types of office space. ?Paul Fetscher (Great American Brokerage) gave a lively talk and slide show on the many forms that retail leasing can take, and the way measurements of retail space differ from other leasing.?Gail Gladstone (CBCNRT & LIBBI) showed us the unique & free forms of self-promotion currently available on the Internet, and how to profit from them. Lois Thompson (CBCNRT) reviewed Time Management techniques and effective Customer Screening. ?The seminar ran for about 90 minutes. Many members asked for additional seminars to help build their skills. ?They are being planned and will be announced. ?Check our website www.licommercialnetwork.org or come to a meeting every fourth Tuesday of the month.
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.