News: Long Island

Naeder and Czarniak of Sabre arrange 2,400 s/f lease

Sabre Real Estate Group LLC has arranged a lease for Chocolate Works, an Upper West Side chocolatier. Sabre, Chocolate Works' exclusive broker, arranged a lease for 2,400 s/f at 191 Long Beach Rd., a site owned by Donald DelDuca. Melissa Naeder, a director of Sabre and Ed Czarniak, a Sabre associate, represented Chocolate Works. The store is expected to open this summer. A spinoff of the decades-old 5th Ave. Chocolatiere, Chocolate Works has been a huge success since it opened last year at Amsterdam Ave. and W. 91st St. The cutting-edge candy marker has eight stores in total, including Rockville Centre. In addition to its extensive collection of chocolates, including its signature 5th Ave. Truffle and such eclectic offerings as chocolate martini olives and chili-infused chocolate nibs, Chocolate Works stores are stocked with bulk bins of classic candies and also offer children's parties and workshops for children and adults. The chocolate is made on premises and children are able to enjoy an interactive experience and become "chocolatier for the day" through on site workshops or parties. Chocolate Works plans to open several hundred stores across the metropolitan region over the next several years, including approximately 25 on Long Island. Sabre is seeking locations of 1,800 to 2,500 s/f in prime neighborhoods for the retailer. 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.
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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.