News: Long Island

Lamport and Bomzer of Sabre represent ULTA in 10,660 s/f lease at Sunrise Promenade

Sabre Real Estate Group LLC, the metropolitan region's newest retail broker, has arranged a lease for ULTA Beauty, a national beauty retailer. ULTA Beauty will occupy 10,660 s/f in the 165,000 s/f Sunrise Promenade shopping center, 5202-5298 Sunrise Hwy., and is expected to open in the fall. "ULTA Beauty's one-stop shop approach for beauty products and their focus on the shopping experience will be a tremendous addition to Sunrise Promenade with its roster of major national tenants," said Beth Lamport, executive vice president of Sabre, who with Doug Bomzer, a Sabre associate director, represented ULTA. Clifford Sondock represented the landlord, Spiegel Associates. ULTA Beauty offers a combination of 20,000 beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. The beauty retailer also offers a full-service salon in all of its stores. ULTA Beauty also offers a full-service salon in all of its 550 U.S. stores. Founded by Kenneth Breslin and Jayson Siano, experienced retail real estate professionals, Sabre Real Estate Group is a full-service retail real estate brokerage company focused on tenant and owner representation. Sabre also offers retail, restaurant and franchise consultation services, investment sales and property management. For more information visit www.sabreny.com or call (516) 874-8070 or email: [email protected] ###
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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.