News: Long Island

Nassau police commissioner Mulvey speaks at LIREG event

Nassau County police commissioner Lawrence Mulvey told the Long Island Real Estate Group (LIREG) that a fundraising effort is underway to build a proposed new $48 million Nassau County Police Academy on 7.5 acres at Nassau Community College in Garden City. "We are moving it forward," Mulvey told a June 23rd breakfast meeting at the Old Westbury Country Club, which attracted about 100 members of the networking group. Mulvey said a nonprofit corporation called the Nassau County Police Foundation is seeking to raise $25 million over two years from private sources for the 75,000 s/f project, with the rest of the money expected to come from grants and public sources. He said real estate developer David Mack, senior partner in the Mack Co. and a former assistant Nassau Police commissioner, is interested in partnering with the foundation. The Nassau Police Department is "technologically the most proficient in the country," he said, noting, however, that that the county's current police academy, a leased former elementary school building in Massapequa Park,"is substandard." While the New York City' Police Department is planning to build a new $350 million police academy, Mulvey said Long Island has little in the way of modern training facilities for its law enforcement personnel. The proposed Nassau academy will be equipped with the latest in investigative and tracking technology, as well as fully outfitted classrooms, an auditorium, driver training area and indoor running track. Dubbed the Center for Law Enforcement and Intelligence, the proposed academy also would house the county police department's intelligence division. He said the facility also would serve as a regional training center. "There's nothing like it in the Northeast," Mulvey said. LIREG, formed to encourage networking among Long Island real estate developers, owners and allied trades and to raise funds for charitable real estate-related projects on Long Island, now has more than 200 members. For more information go to www.LIREG.org.
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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.