News:
Long Island
Posted: January 9, 2018
Murphy of Greiner-Maltz brokers $800,000 sale
West Babylon, NY Bob Murphy at Greiner-Maltz assisted a family-owned construction business with operations since 1995 in a search for a facility to accommodate its expanding operations. He identified a viable site at 541 Falmouth Rd.
The free-standing, 3,500 s/f industrial building was sold by a transmissions repair shop at the end of September for $800,000.
The family-owned construction specializes in concrete construction, serving municipal utilities such as National Grid and PSEG LI to provide access to underground infrastructure. Murphy represented the buyer and seller.
Tags:
Long Island
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
Quick Hits
.gif)
.jpg)
Columns and Thought Leadership
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.