News: Long Island

Battaglia of Stonegate Real Estate arranges 6,651 s/f lease in Melville

Nicholas Battaglia,
Stonegate Real Estate

Melville, NY Nicholas Battaglia of Stonegate Real Estate has brokered a 6,651 s/f lease at 532 Broadhollow Rd., the Broadhollow Corporate Center. Battaglia represented the tenant, Greater New York Financial Services. The landlord, T. Weiss Realty, was represented in-house by Craig Weiss. The lease is for a seven-year term.

Situated on six acres, the 80,000 s/f Broadhollow Corporate Center offers office space located along Long Island’s Rte. 110 corridor. This glass building is visible from Rte. 110, and provides access to all major Long Island highways as well as amenities.

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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.