News: Long Island

Zere Real Estate leases 11,000 s/f at Calverton Enterprise Park to Michels

Riverhead, NY Marie Zere, president & CEO, Zere Real Estate Services has negotiated an 11,000 s/f lease with Michels, an energy and infrastructure construction contractor from Wisconsin that provides installation and construction of energy systems. The lease is for industrial warehouse space within the Calverton Enterprise Park. The landlord is Laoudis of Calverton LLC

Michels will be installing a cable pipeline to wind turbines 45 miles out into the Atlantic Ocean off of Montauk Point.

This new offshore wind farm is only one of a handful of offshore wind turbine farms in the United States and in federal waters. Presently there are seven proposed in United States waters with another 20 proposed wind projects in various stages of development with a projected pipeline of 30 GW in federal lease areas issued to date.

By the year 2035 there will be over two thousand new wind farms slated for the entire Atlantic Coast of America.

To ensure the United States is set up for a sustainable energy future one that supports local communities, creates good jobs, minimizes impacts on the environment, the country needs a thriving offshore wind farm industry.

MORE FROM Long Island

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.