News: Long Island

Syage of Hunt Coporate Services reps landlord in 1,531 s/f lease to Medical Arts Support Corp.

According to Hunt Corporate Services, Inc., Medical Arts Support Corp. has leased 1,531 s/f of office space at 147 East Second Street. Chuck Syage of Hunt represented the landlord, Great Neck Saw Manufacturers, Inc. in the lease negotiations. The tenant was self represented. "Medical Arts is relocating their office from Syosset to Mineola in order to be in close proximity to their warehouse," said Chuck Syage of Hunt. "They were very happy with the space configuration and the upgrades being made by the landlord based on their specifications. Medical Arts Support Corp. is a provider of biomedical engineering services, new and used medical equipment sales, and office based surgery accreditation consulting in the North East US. They offer specialized service programs in anesthesia, respiratory, medical gas, sterilizers and general biomedical inspections.
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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.