September 2021 Vol.13 Issue 12 |
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Dear Friends,
After 18 months of pandemic Zoom meetings, it is very clear to me that teleconferences are here to stay. Also, just as obvious, is that there is still a need for in-person meetings as well. What I find missing from Zoom meetings, particularly well-attended meetings, is what I call the “watercooler” talk, and the happenstance of personal interconnections. I find there is a place for both, as well as hybrid meetings. One thing is certain: The business world is never going back to the pre-pandemic predominance of in-person meetings – too much money and time is being saved in travel and expense.
We’re seeing this reflected in the need for office space. Like many companies, all our employees and representatives can log into the company server remotely, and even answer the phone remotely. We took the opportunity at the end of a 10-year lease to downsize our space this year, and if anything, are more productive than ever.
This month’s article is about the environmental reports that must be conducted prior to the purchase of real estate. Quoting from my article in the New York Real Estate Journal, “There are several critical reasons that a comprehensive environmental report must be done, not the least of which is the fact that nearly every lender will mandate such a report. More importantly, however, the law makes you responsible for the environmental condition of the property, whether you contaminated it or not! Therefore, environmental reports MUST be done properly.” For all the details, my article is a 3-minute read, and is essential knowledge if you are considering the purchase of commercial property.
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Stay safe, my friends.
"Oh, the possibilities!"
David G. Hunt
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Environmental Reports
by David G. Hunt
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Q: We have made an offer to purchase a building. Our broker insisted that it made "subject to environmental." What exactly does that mean?
A: When purchasing any real estate, one of the most critical items to research is the environmental condition of the property. There are several critical reasons that a comprehensive environmental report must be done, not the least of which is ...
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Property Highlight
4,656 Square Foot Office Suite
FOR LEASE
1860 Walt Whitman Road, Melville, NY
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We have a client looking to purchase a building in
Nassau or Suffolk County
between 8,000 and 20,000 square feet.
If you are considering selling your building,
please give us a call.
516-937-1000
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USA Halal Foods has purchased 46-52 Wolcott Road, Levittown.
G Fuel has leased space at 45 Edison Avenue, West Babylon.
Office Solutions Group has leased space at 230 Duffy Avenue, Hicksville.
Wolkow Braker Roofing has purchased 160 Terminal Drive, Plainview.
U Park Green Building Institute has purchased 1100 Old Country Road, Plainview.
KB Joint Ventures has purchased 701-6 Koehler Avenue, Ronkonkoma.
Jatobe Realty has purchased 225 North Fehr Way, Bay Shore.
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Comparable Sales in the Past 12 Months |
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3-5 Fairchild Court
Plainview
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100 Marcus Boulevard
Hauppauge
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120 Terminal Drive
Plainview
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110 Jericho Turnpike
New Hyde Park
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1 Lexington Avenue
Bethpage
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Commercial Real Estate
An Award-Winning Professional Practice
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You have an attorney. You have an accountant. Now you can have a professional real estate advisor!
HUNT provides specialized experience and expertise in the marketing and acquisition of corporate real estate. Unlike traditional real estate brokers, we represent our clients exclusively.
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HUNT- Solving Commercial Real Estate Issues Since 1973
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