News: Long Island

Breslin Realty completes two leases totaling 2,660 s/f

GARDEN CITY, NY Breslin Realty has brokered two long-term lease totaling 2,660 s/f for SoBol Acai Bowls & Beyond in Manorville and Hauppauge, respectively.
 
SoBol of Manorville is occupying 1,200 s/f at 496 CR-111. This location opened in June 2018, joining CVS, Hurricane Grill & Wings, Dunkin Donuts, and Wendy's at Manorville Plaza.
 
SoBol of Hauppauge is occupying 1,460 s/f at 555 Route 111 next to Branchinelli's Pizza & Restaurant. This location opened in August 2018.
 
SoBol Acai Bowls & Beyond is a health-focused quick-service restauarant, serving acai bowls, fresh fruit smoothies, and more. Acai bowls are made up of house-made granola, acai puree, berries, coconut and honey, and can be customized with an assortment of toppings. They currently operate over 20 locations across Long Island.
 
These transactions were arranged and negotiated by Bill de Seve of the Breslin Organization. Charles Navarro of the Breslin Organization represented the landlord of 555 Route 111, Hauppauge.

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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.