News: Long Island

Racanelli Realty and Ashlind Properties co-broker 44,000 s/f lease

Racanelli Realty Services Inc. has closed on a five-year lease for Niatco Trucking & Delivery Corp., a licensed and bonded freight shipping and trucking company running a freight hauling business. Niatco will take occupancy of its new 44,000 s/f space located at 999 South Oyster Bay Rd. in the early spring. The property owner is Steel Equities. Anthony Racanelli, president of Racanelli Realty and Richard Cohen of Ashlind Properties co-exclusively represented Niatco. Racanelli and Cohen partnered to deliver the ideal location for Niatco which offered the company superb loading facilities.
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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.