News: Long Island

Paragon Group completes 2 leases totaling 9, 417 s/f

Direct Capital Corp., a fast-growing Portsmouth, N.H.-based national equipment finance company, has leased space for its New York office. Direct Capital was represented exclusively by the Syosset, NY-based commercial real estate brokerage Paragon Group LLC. Direct Capital leased 3,664 s/f at 900 Merchants Concourse, an office building owned by Smithtown, N.Y.-based Damianos Realty Group. Direct Capital was represented in lease negotiations by Paragon associate broker Jason Scaramucci. The landlord was represented in-house by John Finn. In another transaction, H2M Group, a leading engineering and architectural firm headquartered on Long Island, has expanded its environmental division to a new office in Melville, N.Y. H2M Group was represented exclusively by the Syosset, N.Y.-based commercial real estate brokerage Paragon Group LLC. H2M leased 5,753 s/f at 175 Pinelawn Rd., an office building owned by Melville Industrial Associates. H2M will maintain its headquarters at 575 Broadhollow Rd., Melville. Paragon principal Jerry Guerra and Paragon associate broker Jason Scaramucci represented H2M Group in lease negotiations. Larry Levine and Charles Feinbloom represented the landlord in-house. Paragon Group, LLC is a rapidly expanding, service-oriented commercial real estate brokerage that specializes in tenant representation. For more information, email [email protected].
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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.