News: Long Island

Sutton Alliance Ptrs. and Cornerstone Mgmt. to provide R.E. services

Sutton Alliance, an innovative leader in commercial and residential real estate transaction services nationwide, and Cornerstone Management Solutions, Inc., a pioneer and leading developer of real estate transaction technology-based solutions, has formed a partnership to introduce SnapExchange, a new complimentary service available to SnapClose Pro users. The new service, with immediate availability, will facilitate out-of-state title insurance, closing and other real estate transaction related services. "Through our strategic partnership with a prominent, leading-edge software developer like Cornerstone Management Solutions, Inc., we can provide SnapClose Pro customers with access to a wide range of title related services outside of their agency's normal geographical service area," said Howard Kopel, CEO of Sutton Alliance. "SnapExchange is a significant extension of our SnapClose Pro software platform which can enhance and expand our customers' operations," said Kevin Tomlinson, president of Cornerstone. "We researched capabilities for out-of-state real estate transaction services carefully and believe that Sutton Alliance provides the quality of work, personal service, and full range of products and services that meet our standard of excellence for our customers." SnapExchange will provide an easy and convenient way for customers to transmit an out-of-state order electronically through SnapClose Pro and place that order in experienced hands to service them. It also allows customers to obtain and track title commitments, and makes available a number of other services in jurisdictions where they are not licensed.
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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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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.