News: Long Island

Pliskin Realty and Development awarded 15-property management contract from PDK Development

Pliskin Realty and Development, Inc. has been awarded a contract to manage 15 properties for PDK Development Corp. The properties include: two shopping centers located in East Meadow, NY; one with three tenants and another with 15 tenants; one shopping center in Holbrook, NY with 17 tenants; and 12 properties located in New Hyde Park, NY, which include: an 11-tenant shopping center, a 5-tenant center; a 12-tenant center; a free-standing Dairy Barn store; a free-standing building housing Not Just Lube of New Hyde Park; a free-standing property housing North Shore Urgent Care of New Hyde Park; a free-standing building housing Thomas F. Dalton Funeral Homes; a 20-tenant ground leased shopping center whose tenants include Stop and Shop, Panera Bread and Old Navy; a free-standing building housing a Valley National Bank branch; a free-standing building housing a PC Richards & Sons Inc. store; a free-standing building housing a Community National Bank branch; and a free-standing building housing Omega Diner. This latest contract award is an extension of Pliskin's 20-year relationship with PDK principal Peter Klein. According to Pliskin president Jeffrey Pliskin, the company has served as a broker primarily leasing PDK properties. Additionally, Klein and Pliskin are co-investors in several properties. As part of its contract award, Pliskin will be providing its comprehensive property management services for these PDK properties. These services include: rent billing and collections; accounts and record management; property budgeting; supervision of capital improvements; coordination of all professionals and contractors; complete property maintenance; tenant supervision and landlord/tenant relations; insurance oversight and management; regulatory compliance; real estate management; legal actions and property marketing (i.e., leasing and sales). Pliskin Realty and Development is recognized for managing its clients' properties exactly like it manages its own, thereby gaining the trust of property owners. Currently under Pliskin's management are approximately 40 properties with over 200 tenants. They include shopping centers, free-standing building and multifamily residential properties.
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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.