News: Long Island

Fagen of Sabre leases 11,450 s/f to Pure Hockey at The Shoppes@Carle Place

Sabre Real Estate Group LLC, the metropolitan region's newest retail brokerage, has arranged a lease for Pure Hockey, one of the nation's largest hockey equipment retailers. Pure Hockey leased 11,450 s/f at 229 Glen Cove Rd., a 50,000 s/f shopping center known as The Shoppes@Carle Place. The new store is expected to open in spring 2014. Stu Fagen, managing director of Sabre, represented the landlord, Rothman Goodman Management Corp., while Jim Sansivero of The Rochlin Organization represented Franklin, Mass.-based Pure Hockey, which has 29 stores and an e-commerce site. Founded by Kenneth Breslin and Jayson Siano, experienced retail real estate professionals, Sabre is a full-service retail real estate brokerage company focused on tenant and owner representation.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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Columns and Thought Leadership
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.