News: Long Island

REPI hosts banking panel at annual spring luncheon at Milleridge Cottage in Jericho

John Gutleber, chairman of the Real Estate Practitioners Institute (REPI) at C.W. Post Campus of Long Island University, recently welcomed everyone to the organization's annual spring luncheon at Milleridge Cottage in Jericho, N.Y. Gutleber introduced Dr. David Steinberg, president of Long Island University who spoke briefly about the valuable work of the Real Estate Practitioners Institute and its educational programs offered through the university. Gutleber then introduced William Yorio, secretary and program chair of REPI, who in turn, introduced the program for the day titled "Banking Summit ... Yes We're Still Lending." The panel of bankers included James Carpenter, executive vice president, New York Community Bank; William Newham, senior vice president and commercial loan officer of Bank of Smithtown and Nancy Tomich, first vice president and director of mortgage operations of Astoria Federal Savings. Also introduced was moderator Henry Schreiber, president of Henron Development Corporation who presided over the panel asking a series of timely questions. This was followed by audience participation in the form of a question and answer period.
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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.