News: Long Island

Pino of NYCRE brokers $2.15 million strip shopping center sale; McCloskey of NYCRE represents seller

Real estate sales consultant Richard Pino of New York Commercial Real Estate (NYCRE), has completed the sale of a 13,748 s/f retail strip shopping center set on a 1.05-acre site. The property is located at 791-795 Middle Country Rd. and include 76-parking spots. Pino represented the buyer, Dr. Jesu Jacob, and his colleague at NYCRE Gerry McCloskey, real estate sales consultant, represented the seller, Richard Urban. According to Pino, the investment property was completely renovated. At NYCRE, Pino has proven to be a promising new member of the real estate team. He is successfully applying his entrepreneurial skills, acquired from successfully starting and operating several small businesses, to the personal service he provides to his real estate clients. Detail-oriented and focused on providing superior, personalized service, he has demonstrated a willingness to explore every option available to satisfy his client's specifications. Pino holds an Honors Program Associates Degree from Suffolk County Community College. McCloskey specializes in retail, office and industrial sales and leasing. He brings over 25 years of broad real estate industry experience, including that as an owner-manager of real property. He also has an extensive background in commercial and residential construction and real estate financing.
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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.