News: Long Island

Thompson and Zucker of CBC NRT named real estate partners of Westbury Business Improvement District

The Westbury Business Improvement District (BID) is offering a golden opportunity to attract new retail business to the Post Ave. Shopping District. They are teamed with Coldwell Banker Commercial NRT's Lois Thompson and Ira Zucker, who have been selected to be the real estate partners of the Westbury BID. One of the purposes of this group is to attract and encourage new retail and service business to the Post Ave. Main St. Shopping District. As enticement for new tenants, the BID is currently offering financial incentives between $10,000 and $20,000 per transaction. The area has a demographic that will be beneficial to most business and service proprietors. The 2009 average household income within a 1 and 5 mile radius is between $99,494 and $119,465. In addition, the BID shopping area is right off the Post Ave, exit of the Northern State Pwy. and about half-way between Jericho Tpke. and Old Country Rd. There is both municipal parking and metered parking available. Coldwell Banker Commercial NRT is the largest commercial brokerage on Long Island with over 100 brokers and agents in 15 island-wide offices, plus branches in Westchester, Putnam & Rockland Counties. Lois Thompson has been in the top three brokers on Long Island for many years, and is the leading producer for the company in 2009. She has wide experience in 1031 exchanges, investment counseling and development opportunities. Ira Zucker has brought advanced technology to his real estate practice and was recently awarded the NRT Green Certification. He has completed studies in energy conservation and environmental building techniques to guide his clients. This Real Estate Team has an updated list of available vacancies in the BID district and can usually satisfy the needs of most prospective tenants. They can be reached at their Office at 516 864 8100. Please ask for Lois or Ira.
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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.