News: Long Island

Ross of Compass’ Polsinelli Team leases 30,000 s/f to SPORTIME

Westbury, NY Larry Ross, vice president of Compass commercial real estate division led by Adelaide Polsinelli negotiated a lease execution with SPORTIME Pickleball LLC of a soon-to-open pickleball facility at 575 Merrick Ave.

Scheduled to open this fall 2024, the complex will feature 13 brand new courts in a 30,000 s/f facility. The site is situated on 1.6 acres, near Roosevelt Field Shopping Mall and Eisenhower Park with visibility on a main thoroughfare.

Hornig Capital Partners and SPORTIME Clubs recently opened the largest indoor pickleball facility in New York state, located in Port Washington, and are committed to creating additional best-in-class facilities featuring rental courts, clinics, social and competitive open play sessions, tournaments and private events.

“Pickleball is one of the fastest-growing sports, with more than 36 million participants in the U.S. alone,” said Ross. “This forthcoming facility is poised to cater to this escalating demand, providing a premier venue for enthusiasts of this dynamic and increasingly popular sport.”

Ross was the sole broker.

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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.