News: Long Island

Delisle of Island Associates arranges five leases totaling 13,260 s/f

Roger Delisle,
Island Associates

Hauppauge, NY Roger Delisle, Jr., of Island Associates has brokered five leases totaling 13,260 s/f at 490 Wheeler Rd. The deals include the following: 

• Island Associates with Metro Realty has leased 1,175 s/f of office space located at 490 Wheeler Rd. to Global Engineering Services LLC. Global Engineering took occupancy in August. 

• Island Associates negotiated a 2,585 s/f long-term lease extension with Magii, Inc. who has been a tenant in the building for five years. 

• Island Associates negotiated an expansion and extension with Russell Capital Group. Russell Capital’s space expanded from 1,500 s/f to 4,100 s/f.

• Island Associates negotiated an expansion and a long term lease with TCE Insurance. The expansion brings the occupied space to 4,100 s/f.

• Island Associates negotiated a lease extension totaling 1,300 s/f with AlyAsh Holding Corp, who will continue to occupy suite 106.

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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.