News: Long Island

Stark of Prudential Douglas Elliman sells building

Bob Stark of Prudential Douglas Elliman Real Estate closed on a property at 25 Nassau Lane for $875,000. The buyer was Bob Mackoul of Mackoul & Associates an insurance company that was recently named "Business of the Year" by The Long Beach Chamber of Commerce. The building was the former American Legion Hall with a large parking facility and will be converted into an office building. The listing broker was Mitch Levy Coldwell Banker and Al Heraghty formerly Coldwell Banker, but now currently of Prudential Douglas Elliman Commercial Services. The financing was achieved through Commerce Bank.
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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.