News: Long Island

Long Island Industrial wins Top Suffolk County Industrial Lease from Long Island Business News

Woodbury NY Long Island Industrial was honored with this year's Top Suffolk Industrial Lease award, along with Newmark Grubb Knight Frank, at Long Island Business News' 2013 Real Estate & Development Awards. Presented to Long Island Industrial April 23 at Crest Hollow Country Club, the recognition further reaffirms the company's role as the leading provider of Long Island commercial real estate. "To be selected speaks volume to the strength of our portfolio, as well as our commitment to helping tenants realize their corporate visions through our unique locations throughout Long Island," said Jeffrey Cohen, director of real estate at Long Island Industrial. "The fact that this transaction was singled out as the top Suffolk industrial lease is a reflection of the outstanding service our team delivers." Long Island Industrial and Newmark Grubb Knight Frank worked together to complete the award-winning 167,729 s/f lease renewal for merchandising solution company Summit Manufacturing at 100 Spence St. in Bay Shore. Long Island Business News presented over 40 awards at the 2013 Real Estate Development Awards recognizing some of the most successful and dynamic businesspeople in the region, including commercial and residential brokers, developers and economic development officials.
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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.