News: Long Island

Hendrickson of Coldwell Banker Commercial NRT offers advice to individuals just starting a commercial R.E. career

What advice would you offer to individuals just starting a career in commercial real estate? Plan for success: 1. Create a business plan: Plan for success and for all of the needed steps to achieve it. Continuously gauge your actions against your plan. 2. Become an expert: Take classes in your field and become an expert, whether it is a facet of real estate or in your local geography. 3. Choose a mentor: The right experienced mentor can accelerate your success. 4. Get involved in the commercial real estate industry: Join and become active in industry groups, service organizations, and networking. 5. Learn how to market yourself and your properties: Create a unique image for yourself and for your marketing materials. 6. Consistently seek improvement in what you do and how you do it: Do something today to make tomorrow better. Alan Hendrickson is an associate broker for Coldwell Banker Commercial NRT, Syosset, N.Y.
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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.