News: Long Island

Spector Group to complete 10,000 s/f interior design project

The Spector Group will lead the interior design for approximately 10,000 s/f of commercial space for Monday Properties. Located at 230 Park Ave., the space is being leased by ING Real Estate Finance. Construction is already underway. According to Scott Spector, AIA, principal, Spector Group, the design will be an "open plan" configuration with an efficient layout. He notes that construction will include the use of green materials and technologies including energy-efficient lighting, low VOC (Volatile Organic Compound) paint and 100% recyclable carpet. ING Real Estate Finance is scheduled to move into the newly renovated area by the end of the year.
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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.