News: Long Island

Zere of Zere Real Estate Services closes 3,000 s/f

3750 Expressway Dr. South - Islandia, NY
Michael Zere

Islandia, NY Michael Zere, senior vice president at Zere Real Estate Services closed on a 3,000 s/f lease for the law firm of Margolin Besunder LLP at 3750 Expressway Dr. South.

“The building location is considered a landmark building with visibility off the Long Island Expressway (LIE) Exit 57 with a high window ratio and fabulous architectural design finishes. In addition, the new tenant was well suited for the second floor space since they only had to move across the street from 1050 Old Nichols Rd., their last location, keeping it all simple and natural selection to keep phone numbers and the town address which makes it easy for their clients to find them,” said Zere.

Zere represented both the tenant, as well as the landlord, Yubtblding LLC, in this lease transaction.

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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.