News: Long Island

Namdar Realty Group to sell 21,229 s/f office building

According to Namdar Realty Group, their 5-story office building is for sale for $4.83 million. The building contains a regional bank on the ground floor along with other tenants such as a doctor's office, rehab center and a management company. The 21,229 s/f office building is located at 60 E. Industry Court, less than a mile from the Long Island Railroad and the Tanger Outlet Center.
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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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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.