News: Long Island

Stark of Prudential Douglas Elliman closes $500,000 sale; Fava and Burket of Becker Realty assist

Bob Stark of Prudential Douglas Elliman (PDE) recently closed on a mixed-use commercial property located at 31 Front St. The property consisted of 50 ft. by 100 ft. lot with a warehouse/office and three rental apartments. The seller gave the buyer 100% owner financing to complete the deal at a sales price of $500,000. The listing agents were Lisa Fava/Sean Burkett of Becker Realty with Stark acting as the selling agent.
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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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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.