News: Long Island

Fetscher of Great American Brokerage handles 6,000 s/f lease

According to Paul Fetscher CCIM, SCLS, the food court in Tanger I Factory Outlet center recently opened. Ben Wong, president of Wok & Roll is the owner and operator of this 6,000 s/f opportunity. Wong has over 30 years experience in food service. He previously was the highest per s/f grossing operator at South St. seaport. He currently has units in New York area airports, midtown Manhattan, and numerous other markets including Pittsburgh, New Jersey, South carolina, Ohio and Boston. He is the founder and franchisor of the Wok & Roll concept. At this location he will also be operating Famous Famiglia, Nathan's and Grand Cafe featuring Green Mountain Coffee and fresh baked goods. Fetscher, the president of Great American Brokerage was the broker on the 6,000 s/f lease.
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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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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.