News: Long Island

Fetscher of Great American Brokerage completes 2 transactions

Paul Fetscher, CCIM, SCLS, president of Great American Brokerage Inc., a New York based firm specializing in restaurants and retail, has finalized the real estate agreement to bring a significant restaurant addition to the New York dining scene. Rouge Tomate, a restaurant group based in Brussels, will introduce their New York Flagship location in the 16,000 s/f space at 10 E 60th St. The first stateside location of Rouge Tomate will inhabit the famed and hallowed space of the original Copacabana, and most recently the Nicole Farhi store. The restaurant's two levels will take advantage of the neo-classical building's large windows and bright airy spaces. Rouge Tomate is recognized as one of Brussels' top restaurants. The restaurant's philosophy is rooted in a balanced approach to dining and respecting the elements necessary to take a dish from farm to table, while still presenting delicious and flavorful food in an upscale and exquisitely designed environment. Rouge Tomate is planning a fall 2008 opening. Fetscher represented the tenant. Andrew Kahn and his retail team of Cushman & Wakefield represented the landlord, Omabuild Corp. In another transaction, Fetscher has opened a Chili's Restaurant in Newberg, N.Y. Fetscher represented the tenant. Developers Diversified is the landlord.
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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.