News: Long Island

Newmark Knight Frank honors Tabone

Newmark Knight Frank has named Charles Tabone, SIOR, its 2007 "Industrial Broker of the Year." The global real estate services firm honored Tabone, managing principal and partner in charge of its Long Island office, based on his production during the past year. This is the third year Tabone has earned Newmark Knight Frank's designation as its industrial broker of the year.  He also received this award in 2001 and 2003. In recent years, he has also been honored by being named to the list of "Who's Who in Commercial Real Estate Brokers" by Long Island Business News in 2001 and 2005.  Tabone was also named as a "Long Island Power Broker" by the CoStar Group in 2003, 2004 and 2006, and "Business Leader of the Year" in 2006 by the Route 110 Redevelopment Corporation. Transactions brokered by Tabone in 2007 included a 120,000 s/f Melville relocation by Catholic Health Services, one of the largest to take place on Long Island during the year.  Other transactions included those with The New York Times; USA Today; WAC Lighting; and Ergonomic. Tabone is a member and past president of the New York City & Downstate Chapter of the Society of Industrial and Office Realtors (SIOR) and a member of the Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA).
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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.