News: Long Island

Pezza and Simone of NAI Long Island complete sale

Gary Pezza,
NAI Long Island

 

John Simone,
NAI Long Island

 

Freeport, NY Gary Pezza, senior director, and John Simone, principal, of NAI Long Island, represented the seller, 47 North Main LLC, and the buyer, Delmont Health Care, in the sale of 47 North Main St. The property is a 2,200 s/f, two-story office building. The sales price was not disclosed.

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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.