News: Long Island

Delisle and Buono of Island Assocs. Real Estate sell 5,200 s/f industrial/warehouse

Islip, NY Roger Delisle and Richie Buono of Island Associates Real Estate Inc. negotiated and closed the purchase and sale of a 5,200 s/f industrial/warehouse building located at 205 Brookville Ave. The warehouse section of the building has over 20 ft. of clear space below the steel, making it an ideal building for warehousing and equipment storage. The building is located off of Commack Rd. and was previously occupied by All State Roofing.

The purchaser will be making substantial improvements to the building and leasing it for investment purposes. The purchaser is a group of investors that own shopping centers, single tenant properties, industrial buildings, and apartment complexes up and down the East Coast.

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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.