News: Long Island

Hackett of Metro Realty Services brokers $600,000

Bay Shore, NY Jeremy Hackett of Metro Realty Services, LLC sold 0.46 acres of industrial land at 3 Orgill Ave. The buyer, Lun Brothers LLC, was represented by Hackett and purchased the land for $600,000. The seller, Corgill Real Estate LLC, was represented by Rosemary Zollo of Lucky to Live Here Realty.

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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.