News: Long Island

Jawdat of New York Commercial Real Estate brokers $1.75m sale

Port Jefferson, NY Jack Jawdat, president of New York Commercial Real Estate, LTD. (NYCRE) closed the $1.75 million sale of a multifamily property with six residential apartments located at 301-303 W. Broadway.

Jawdat represented both the seller and the buyer.

Jawdat, founder of NYCRE, is recognized throughout Long Island’s real estate industry, among investors and peers alike, as an experienced, knowledgeable professional who serves as a true business advisor to his clients. His ability to effectively “match” properties to the right buyers and tenants has made him one of the region’s top performers. As such, he has been the recipient of numerous performance-based awards.

MORE FROM Long Island

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.