News: Long Island

Sabre arranges two leases totaling 6,400 s/f

Sabre Real Estate Group LLC has arranged two leases totaling 6,400 s/f. In the first lease, Pet Valu, a Canadian-based specialty pet supplies retailer, sign on for its sixth Long Island location. The unique chain, considered the Whole Foods of pet food and supplies, has signed a lease for 3,600 s/f at the Barnum Landing Shopping Center. The store is expected to open in the summer. Pet Valu has opened stores in Oyster Bay, Hauppauge, New Hyde Park and South Setauket on Long Island. Sabre's Jayson Siano, managing principal, and director Melissa Naeder arranged the lease as Pet Valu's exclusive real estate brokers on Long Island. The landlord, is Barnum Land Development LLC. Sabre has also arranged a lease in Bay Shore for I Love Kickboxing, a Levittown-based gym franchisor. I Love Kickboxing is expected to open this summer in 2,800 s/f in an end cap space at 1746 Sunrise Hwy., opposite the Westfield South Shore Mall. Sabre's Ed Czarniak, an associate, and Michael Kearney, a senior associate, represented the landlord, AMAS Bay, LLC. New York Commercial Real Estate represented the tenant.
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Columns and Thought Leadership
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.