News: Long Island

Metro Realty brokers three leases - 20,730 s/f

Westbury, NY Mark Timpone and Jeremy Hackett of Metro Realty Services, LLC leased 3,730 s/f at 496 Grand Blvd. to Herald East Inc. Timpone and Hacktt represented the tenant and the landlord, 496 Grand Blvd Owner LLC.

Timpone leased 10,000 s/f at 200 Armstrong Rd. in Garden City Park to Jamaica Bearings. Timpone represented both the tenant and the landlord.

Timpone leased 7,000 s/f at 485 Westbury Ave., Carle Place to Send in The Clowns. Timpone represented the landlord and Joseph Sorbara of JLL represented the tenant.

MORE FROM Long Island

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.