News: Long Island

Newmark Knight Frank has completed 5 transactions totaling 111,400 s/f

Newmark Knight Frank has recently completed 5 transactions throughout Long Island. The first transaction was a sale at 191 Hanse Ave. Freeport - 43,000 s/f to Allied Spirits from West Hempstead. Ralph Perna & Richard Perna represented the seller and Lee Spellman & Jeff Schwartzberg of Sutton & Edwards represented the buyer. Specialist Marketing Services has leased 5,400 s/f of office space at 1200 Vets Highway in Hauppauge. Ralph Perna of Newmark Knight Frank represented the tenant. Michael Stein represented the landlord. New York State Department of Education has leased 18,000 s/f of office space at 711 Stewart Ave. in Garden City. Ralph Perna and Dan Oliver of Newmark Knight Frank represented both the tenant and landlord. Posillico Contractors have purchased 1750 New Highway in Farmingdale, consisting of 25,000 s/f for their new headquarters. The site provides them with an internal expansion of an additional 9,000 s/f. Ralph Perna and Dan Marcus of Newmark Knight Frank represented both the seller and purchaser in this transaction. Galil Importers leased 20,000 s/f at 200 Michael Dr. in Syosset. Ralph Perna represented Galil Imports, the tenant, and Dan Marcus, Brian Lee, Jack O'Connor, and Lee Brodsky represented the landlord in this transaction.
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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.