News: Long Island

Newmark Knight Frank represents buyer in $2.55 million purchase

Newmark Knight Frank has arranged the $2.55 million purchase of 75 Jackson Ave., on behalf of its client, a joint venture of Glen Cove-based General Anesthesia Services, LLP and Lake Success-based CPA and business advisory firm, Lion & Company CPA's, LLP. Newmark Knight Frank managing director Scott Berfas and Director Michael Silver represented both groups in the transaction. Both businesses plan to relocate their administrative functions to the 13,000 s/f office building. Occupancy is scheduled for the summer. Real Estate Strategies, Ltd. represented the seller, SJS Realty, LLC.
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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.