News: Long Island

Mancini, Hamilton and Schaller of Cornerstone Capital Realty arrange $2.325 million sale of Liquor Plaza

Jerry Mancini, Greg Hamilton and Lee Schaller of Cornerstone Capital Realty LLC have sold Liquor Plaza at 133-135 Walt Whitman Rd. for $2.325 million. The property is located across from the Walt Whitman Mall. Cornerstone Capital Realty represented the seller and buyer.
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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.