News: Long Island

Koenigsberg and Alper of American Investment Properties broker $1.675 million

Cold Spring Harbor, NY American Investment Properties has brokered the $1.675 million sale of 117 Main St. The 6,000 s/f property contains office and retail space.  

Ron Koenigsberg, CCIM, president, of AIP represented the seller and Lyle Alper, associate of AIP, represented the buyer. 

 

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.