News: Long Island

Nicholson of Island Associates brokers $1.45 million sale of 13,000 s/f office building

Chris Nicholson represented seller in a $1.45 million sale of an office building located at 30-40 Main St. The building is approx 13,000 s/f on one floor with 3 existing tenants, including Shore Drugs, Army recruiting (Government) center and medical offices. The building currently has one vacancy. The new owners, the Nazzaro Group, represented by Greg Mogil of Mogil Realty Group, where Island Associates represented the owner/seller will be renovating the entire building effective immediately to attract new tenants. The building is highly visible and commands a significant presence.
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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.