News: Long Island

Lorenz of Coldwell Banker Commercial NRT leases 1,030 s/f

Arlyne Lorenz of Coldwell Banker Commercial NRT recently leased a space in the State Street Plaza. It is a neighborhood shopping center on Jericho Turnpike anchored by the Dix Hills Coldwell Banker in Huntington. Lorenz represented both sides of the deal. The store coming in is a Cartridge World franchise. They refill all kinds of printer and toner cartridges. They are an international franchise and this is a new business venture for this lessee. The store is 1,030 s/f.
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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.