News: Long Island

Romano, Gersten, Glick and Collier join Metro Realty Services

Nick Romano, Joel Gersten, Mort Glick and Charles Collier, all formerly of Grubb & Ellis, have joined Metro Realty Services LLC, a leading provider of commercial and industrial real estate brokerage and management services to the Long Island business community. Romano, a 25-year veteran, became a managing partner, Messrs. Gersten and Glick, who each have more than 40 years of experience in the L.I. marketplace, became senior managing directors, and Collier has joined as a sales associate. With these additions, ten year old Metro Realty now has a staff of 12 full-time experienced brokers.
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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.