News: Long Island

Onyx Equities completes 37,224 s/f lease renewal for Deloitte in Jericho

Onyx Equities, LLC has recently completed a long-term 37,224 s/f lease renewal agreement at Two Jericho Plaza. Adam Rochlin of The Rochlin Organization and Eric Rubenstein of Ruskin Moscou Faltischek P.C. represented the landlord in this transaction, while CB Richard Ellis' John Nugent, vice chairman, and Raymond Ruiz, senior vice president, represented the tenant, Deloitte. "Deloitte decided to sign a long-term lease and remain in their current office space due to the facility's excellent and convenient Long Island location and the trophy amenities and services that the property has to offer, including its hands-on property management services which cater to the needs of high-end tenants, such as Deloitte," commented Michael Nevins, vice president of asset management at Onyx Equities, LLC. "We are pleased to have been able to negotiate a lease renewal that met the needs of both parties."
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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.