News: Long Island

Weiss of T. Weiss Realty brokers two leases

Craig Weiss,
T. Weiss Realty Corp.

Melville, NY Craig Weiss, president of T. Weiss Realty Corp., has brokered two leases in-house on behalf of the landlord totaling 13,963 s/f. The leases include the following:

532 Broadhollow Road - Melville, NY

• BigName Holdings LLC leased 7,312 s/f at the 149,000 s/f class A office building, also known as 105 Maxess Rd. at Melville Corporate Center I. The company, which plans to move in on May 1, is relocating its headquarters office from Amityville. BigName was represented by Phil Shwom of Schacker Real Estate Corp.

• Greater LI Financial Services Inc. has leased 6,651 s/f in the 80,000 s/f office building at 532 Broadhollow Rd. at The Broadhollow Corporate Center. The firm is combining its offices from Westbury and Melville. Greater LI Financial was represented by Nick Battaglia of Stonegate Real Estate LLC.

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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.