News: Long Island

T. Weiss Realty leases 11,000 s/f to Lincoln National Life Insurance Co.

Lincoln National Life Insurance Co., a unit of the Fort Wayne, Ind.-based Lincoln Financial Group, has leased 11,000 s/f of office space at T. Weiss Realty's Melville Corporate Center I. The company recently moved into its new quarters in the building, also known as 105 Maxess Rd. "We are excited to bring Lincoln National into Melville Corporate Center I, and we are certain that their employees will enjoy the many benefits of this building including the café, fitness center, atrium, and the convenient location," said Craig Weiss, managing director of T. Weiss Realty, who represented the landlord in-house. Neal Marchesano of Corporate National Realty, Syosset, represented Lincoln National. Lincoln National joins such tenants as New York University/Polytechnic, Estee Lauder Co. and Safeguard Storage Properties LLC as tenants in the 149,000-square-foot building constructed in 2002 and recently renovated.
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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.