News: Long Island

Zere Real Estate Services wins land dispute

Zere Real Estate Services has recently won a settlement for an undisclosed amount against an estate for a 42-acre parcel of land on the East End of Long Island. Marie Zere, president and CEO of Zere was the exclusive broker for the property and she also produced the purchaser for large land parcel. To her surprise the property closing took place without the broker's knowledge. The firm was not made aware of the closing date. The estate would not honor the commission agreement until she retained legal counsel Christopher Murray, Esq., of Ruskin Moscou Faltischek, P.C. Zere said, "I stood firm and did not waiver on any negotiations. It became quite clear to the defendants that this would end badly for them with an increased commission fee with penalties of nine percent interest and the cost of further legal litigation with my chronological documented records that I produced the actual buyer for the property."
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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.