News: Long Island

BDG expands retailer portfolio with Floor & Décor’s first New York store

Farmingdale, NY According to The Blumenfeld Development Group (BDG), Floor & Décor, a national leading specialty retailer in the hard surface flooring market, will be opening their first New York location at 1024 Broadhollow Rd., site of the former Skydrive Golf Center.

The retailer will offer homeowners and professional contractors access to an in-stock selection of tile, wood, stone, related tools and flooring accessories at warehouse prices. BDG will begin construction on the 80,000 s/f location in October after completion of the site demolition. The facility is expected to be completed by summer of 2018.

“We are committed to bringing new, innovative retailers to the marketplace and glad we can add Floor and Décor to that portfolio,” said Jon Cohen, principal, BDG. “We would like to thank Rich Schaffer and his staff at the town of Babylon who helped facilitate this truly exciting opportunity of introducing a leading national brand such as Floor & Décor to the New York market.”

The Atlanta-based company which was founded in 2000, currently has 77 locations nationwide and offers customers top quality products priced below those of competitors because they source directly from manufacturers or quarries worldwide.

Brian Katz of Katz and Associates represented Floor & Décor as the broker on the deal.

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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.