News: Long Island

NAI Global names La Ruffa of NAI Long Island to Global Elite

NAI Global has named John La Ruffa, SIOR of NAI Long Island, to the NAI Global Elite, a group comprised of the organization's top performers and top producers. La Ruffa qualified as a top performer at the elite level based on production in 2011. This is the third consecutive year that La Ruffa has been recognized as a top performer by NAI Global. La Ruffa has been a commercial real estate broker for over 20 years, specializing in the redevelopment and leasing of office properties throughout all of Long Island. In establishing strong relationships within the industry and representing more than 1.2 million s/f of some of the most established businesses and commercial real estate landlords, La Ruffa contributes his success as a broker in positioning buildings and tenants, to his architectural and construction background. In 2004, La Ruffa was inducted into NAI Global's Gold Club for completing over $2 million in transactions worldwide. In 2007, La Ruffa was awarded Broker of the Year by RexCorp and holds the designation of SIOR, a certification of the highest level of comprehension, production, and principles in the real estate industry. Most recently, La Ruffa sold 538 Broadhollow Rd. in Melville, a 183,000 s/f class A office building to Fairfield Properties. The award was presented in a ceremony at the NAI Global 2012 Convention in Las Vegas. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.
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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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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.