News: Long Island

Michelle Marie Zere: Where are we now, where are we headed and where are the opportunities?

The Dodd Frank Act needs to be repealed. All of the banks hands are tied for commercial lending. Unless this changes nothing is going to move and it is creating fear a stagnant market for business owners and investors looking to purchase properties. In my opinion Costar is trying to eliminate the brokerage community by trying to cut out the commercial broker by listing the owner's name and contact information on the same page with the broker representation. Many owners are furious about this and have broker representation to protect them as owners. On one hand they say they are here to serve the commercial industry but I think it is creating mayhem. With the New York Real Estate Journal at the helm of all of the tri-state commercial real estate action one can stay informed on all of the deals and inside track happenings that effect our fiscal environment that drives the economy. Michelle Marie Zere is with Zere Real Estate Services.
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.