News: Long Island

Newmark Knight Frank completes three sales totaling 60,000 s/f

Independent Equipment Corporation purchased a 20,000 s/f building at 500 Shames Dr. Ralph Perna and Richard Perna of Newmark Knight Frank LI represented the buyer; Atlantic Property Services represented the seller. Ingenious Targeting Laboratories purchase a 20,000 s/f building at 2200 Smithtown Ave., Ronkonkoma from the Estate of Ben Pace. Ralph Perna and Richard Perna represented the buyer; seller had private representation. Belvedere Construction purchased 1565 Ocean Ave., Bohemia 20,000 s/f from H&J Tool. Ralph Perna and Richard Perna represented the seller; Richard Pidgeon of Aerco represented the buyer.
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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.