News: Long Island

Wachtler Knopf Equities managing and leasing agent for 250,000 s/f

Wachtler Knopf Equities LLC has taken over leasing and management responsibilities for an office complex, and plans to make significant exterior and interior renovations to improve the overall image and appearance of the property. The property totals 250,000 s/f with 200,000 s/f available for immediate occupancy. The building's owner, Sterling Equities, of Great Neck, has engaged WKE, effective April 1, as managing and leasing agent for 999 Stewart Ave., a two-building complex that had been known as the Robert Plan Building. The complex soon will be renamed. "Our goal is to keep tenants happy by providing professional and responsive building management for this addition to our portfolio," said Philip Wachtler, principal of WKE. "We intend to use all of our experience to create a safe and pleasing work environment for our tenants, their employees and their visitors." WKE has enjoyed great success in attracting and retaining blue-chip tenants at its various properties in Nassau and Suffolk Counties, Wachtler noted. WKE has hired architects and space planners for a substantial modernization of the Bethpage building, which was constructed in 1964 for the former Grumman Corp. and was once known as Plant 30. The two-story, 200,000 s/f main building offers large floor plates, high ceilings and 24-hour security. The other building is 50,000 s/f.
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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.