News: Long Island

Glazer of Ripco Real Estate brokers two leases for Orangetheory Fitness totaling 6,037 s/f

Orangetheory Fitness is a fitness studio that uses heart-rate monitoring technology and interval training to improve and increase your workout experience. With the success of Orangetheory's training concepts and growing clientele, the company has been focused on their Long Island expansion. They recently leased two spaces totaling 6,073 s/f. Orangetheory's existing Long Island locations currently include; East Northport, Rockville Centre and Massapequa Park. The fitness studio's upcoming expansion includes Syosset at the Syosset Corners Shopping Center (3,373 s/f) located at the southeast corner of Jackson Ave. and Ira Rd. and in Melville at 500 Walt Whitman Rd. in Melville (2,700 s/f), scheduled to open this year. The landlord for the Syosset location is Kabro of Syosset, LLC and the property is managed by Kabro Associates. The landlord for the Melville location is Melville 500 Associates, LLC and managed by Pliskin Realty & Development. Daniel Glazer from Ripco Real Estate represented Orangetheory in both transactions and in Melville, Pliskin Realty and Development was represented by Chris Wierzbicki. Orangetheory Fitness targets spaces approximately 2,700 s/f up to 3,200 s/f. The company currently has 200 open locations and 400 more in development nationwide, 70 of which are currently under construction. Orangetheory Fitness is represented by Glazer.
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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.