News: Long Island

Island Associates completes three leases at 490 Wheeler Rd.

Hauppauge NY Island Associates completed three leases at 490 Wheeler Rd.:

Island Associates negotiated a lease for 2,600 s/f of office space to Urtasker Inc., a web-based IT company.  The long-term lease includes a full build-out.

Island Associates negotiated a lease agreement for 670 s/f of office space to Moriarity Therapy Practice for their clinical therapy practice. The tenant has already taken occupancy of the space under the new lease.

Island Associates negotiated a long-term lease extension with The Retreat, who has been in the building for over seven years and occupies 4,600 s/f.

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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.