News: Long Island

Ponte of Stonegate Real Estate completes $6.065 million sale

Anthony Ponte,
Stonegate Real Estate

East Meadow, NY Anthony Ponte of Stonegate Real Estate has represented the seller, 2087 LLC, in the $6.065 million sale of 2087 Hempstead Tpke. The buyer, Storage Deluxe, was represented by Jordan Baruch of Colliers International. The 7,000 s/f free-standing retail building has been approved to be utilized as a storage facility. 

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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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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.