News: Long Island

LiBretti of Industry One reps buyer and seller in $260,000 retail building sale

Carmine LiBretti,
Industry One Realty Corp.

Sayville, NY Brian Campbell has purchased an 829 s/f, free-standing retail building at 32 Foster Ave. for $260,000. The new owner is still in discussion with architect, John Bracco, regarding plans for the property. Talks of quick serve, professional office, or a hair salon is at the top of the list. 

Carmine LiBretti of Industry One Realty Corp. represented the buyer as well as the seller, 5 Ch’s Properties LLC.

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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.