News: Long Island

McCoy of NAI LI arranges $5.45 million sale of 7.3 acres

Dennis McCoy,
NAI Long Island

Sayville, NY Dennis McCoy, senior director of NAI Long Island, represented Brightview Senior Living in the purchase of 7.5 acres located at Broadway and Rte. 27. Brightview purchased the land from Anthony James Fusco, LLC for $5.45 million. 

Development will begin on their first-ever Long Island senior living facility in June. The seller represented themselves. 

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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.