News: Long Island

Meet the LICN Member: John Magnani

A 25-year veteran of commercial real estate, John Magnani is a licensed associate broker and director, Commercial Division with Daniel Gale Sotheby's International Realty. Beginning his career as an investment broker with The Windsor Group in Manhattan, Magnani gained an expertise in the commercial and industrial sectors of NYC and Long Island. Since becoming part of Daniel Gale Sotheby's International Realty in the Manhasset office, he has helped to expand the organization's Commercial Division and facilitates training modules for new agents. Among Magnani's notable transactions, the conversion of a 50,000 s/f Brooklyn warehouse into a NYC school. He is currently working on long-term land leases in Suffolk County and has contracts on industrial properties in Brooklyn, Nassau and Suffolk. Last November, he represented an investor who purchased an office building in Wantagh for $3.3 million.
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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.