News: Long Island

Metro-L.I. Chapter of NYSCAR elects 2008 officers and directors

The Metro-Long Island Chapter of NYSCAR has elected their officers and directors for 2008. Alan Hendrickson, of Coldwell Banker Commercial NRT has been elected president of the Metro - Long Island Chapter of the New York State Commercial Association of Realtors (NYSCAR). Also elected were: Jack Britvan as vice president; Harvey Kolin as treasurer; and Len Primack as secretary, and as directors: Edward Smith, Jr., and Jeffrey Ferretti. Continuing to serve on the NYSCAR chapter board as directors are: Paul Fetscher, Jack Malone, Jerry Norton. and Mike O'Brien. NYSCAR is comprised of commercial Realtors from throughout the state; the organizations objectives are: To foster and develop a knowledgeable membership in the marketing of commercial, industrial and investment property through educational programs. To encourage and facilitate cooperation among brokers engaged in marketing commercial, industrial and investment real estate as a service to the public. To foster sound, prudent and ethical practices as they relate to marketing real estate. The Metro - Long Island Chapter of NYSCAR holds numerous events each year bringing together commercial practitioners from Long Island and the five boroughs of NYC. Their next gathering will be their annual "Ground Hogs Day Event" on February 1, 2008, where industry experts will predict business trends for 2008.
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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.