News: Long Island

McCoy of NAI Long Island leases 4,300 s/f office to C-Tech Solutions

Dennis McCoy,
NAI Long Island

Mount Sinai, NY Dennis McCoy, senior director of NAI Long Island, represented the tenant in the lease of 5505 Nesconset Hwy. C-Tech Solutions leased the 4,300 s/f office space for a term of 10 years. The landlord, Sinai Properties, LLC, represented themselves in the transacation. “The landlord had just recently purchased the shopping center and was eager to make a deal. Both parties were a pleasure to work with,” said  McCoy.

NAI Long Island is a full-service commercial real estate firm serving Nassau, Suffolk, and Queens counties since 1980. 

Their professional staff have in-depth market knowledge, experience, and the proven ability to negotiate client-specific transactions. 

Their expertise is enhanced by state of the art systems, and a comprehensive database to provide market and property information. NAI Long Island is a member of NAI Global, the premier network of commercial real estate firms spanning the globe.

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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.