News: Long Island

Metro Realty Services closes deals in 1st quarter

Metro Realty Services, LLC, has closed the following deals during the 1st quarter: * Mark Timpone of Metro Realty leased 36,000 s/f at 151 Fulton Ave., Garden City to Shiah Yih. Timpone represented the tenant. * Nick Romano of Metro Realty sold 21,598 s/f at 145 S. 13th St., Lindenhurst to Sandeep Kadar. Romano represented the seller at auction. * Romano sold 8,000 s/f at 230 Patton Ave., West Babylon to Sophie's Jule LLC. Romano represented the buyer and Kyle Burkhardt of Alliance Real Estate Corp. represented the seller. * Romano and Mort Glick of Metro Realty sold one acre at 190 Fulton St., Farmingdale to Brightway Solutions. Romano and Glick represented the seller and Mark Davella of ReMax Beyond Commercial represented the buyer. * Jeremy Hackett and Rick Falco of Metro Realty sold 4,550 s/f at 375-377 Sheffield Ave., West Babylon to 375-377 Sheffield LLC. Hackett represented buyer, Falco and Hackett represented the seller. * Hackett and Falco sold 5,600 s/f at 1373 Lincoln Ave., Holbrook to Charles Dwyer Inc. Hackett and Falco represented the buyer and Zere Real Estate represented the seller. * Hackett and Falco leased 6,500 s/f at 100-B Cabot St., West Babylon to Long Island Expo. Hackett and Falco represented the landlord and Bob Misa of Industry One represented the tenant. * Romano and Hackett sold 3.85 acres at 271-275 Merritt Ave., Wyandanch to Island Container Corp. Romano and Hackett represented the seller and Ralph Perna of NGKF represented the buyer. * Glick and Joel Gersten of Metro Realty leased 3,100 s/f at 1111 Broadhollow Rd., Farmingdale to Island Pain Specialist. Glick and Gersten represented the tenant. * Hackett sold 5,215 s/f at 701-1 Koehler Ave., Ronkonkoma to Turkish Cultural Center. Hackett represented the buyer and the seller. * Romano leased 2,750 s/f at 1899 Lakeland Ave., Ronkonkoma to International Bio Medical Engineering. Romano represented the landlord and Brian Spreckels of Aireco Real Estate Corp. represented the tenant. * Hackett and David Rotter of Metro Realty leased 3,500 s/f at 22 Corbin Ave, Bay Shore to Realtime Medical Equipment. Hackett represented the landlord and Rotter represented the tenant. * Hackett leased 2,683 s/f at 100 Remington Blvd. to Innoveering. Hackett represented both the landlord and the tenant.
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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.