News: Long Island

The Long Island Commercial Network holds Commercial Orientation

The Long Island Commercial Network (LICN) recently held a Commercial Orientation for new and experienced Realtors at Libor's Woodbury Service Center. The house was packed. Since there was only room for 60 and the registrants poured in, a waiting list was formed which already lists 50 names. There was a great group of seasoned professional instructors on hand to make the day valuable. They took time out of their busy schedules to be part of this event. They include Alan Hendrickson, president of LICN; Edward Smith, CREI, GREEN; Harvey Kolin, CCIM, LICN treasurer; Paul Fetscher CCIM, SCLS; Matt Sheriff, CPA and Ira Zucker GREEN. The topics included: terminology, office, retail and industrial properties, 1031 exchange, and useful commercial websites including LICNs'. It was wonderful to receive a strong endorsement from one of our attendees. Mona Holtzman, director residential sales at Prudential Douglas Elliman in Great Neck said, "I wanted to thank you for an incredibly informative meeting. I just sent in my membership and am looking forward to learning more about commercial real estate. I just referred two commercial deals to the commercial division of my company. Maybe I will know enough one day to handle them myself." LICN looks forward to its next seminar and is proud to be part of educating the real estate community in the commercial arena. We like every opportunity to pay it forward and assist those who wish to be more professional in commercial real estate. We are taking registrants for the next orientation at www.licommercialnetwork.org.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.