News: Long Island

Michael of MGM brokers 1,750 s/f for Yo Luv It at Great South Bay Shopping Center; Schuster of Ripco Real Estate assists

MGM Islandwide Realty, Inc. has arranged the leasing for 1,750 s/f retail at 895 Montauk Hwy. in the Great South Bay Shopping Center. Yo Luv It, a self serve frozen yogurt concept with original recipes designed by Steve Mistrini expects to have heavy "dairy" foot traffic in this busy shopping center location, owned by Mall Properties, Inc., real estate developers. The deal was brokered by Michele Michael, director of commercial sales and leasing for MGM and Brian Schuster of Ripco Real Estate Corp.
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.