News: Long Island

Sholom & Zuckerbrot completes three leases totaling 5,732 s/f

In deals negotiated by Sholom & Zuckerbrot LLC, popular hamburger chain Fatburger Inc. is opening three locations on Long Island, N.Y., according to S&Z president Franklin Zuckerbrot. Fatburger recently made its Long Island debut with a 2,260 s/f restaurant at the Sunrise Promenade in Massapequa. It has also executed leases for a 1,568 s/f space at the Voice Road Plaza Shopping Center in Carle Place and 1,904 s/f in the Huntington Shopping Center in Huntington. Both have planned fall 2008 openings. "Fatburger has an enormous following on the West Coast, and the franchise is looking to create the same popularity here in the East," said Doug Weinstein, managing director at S&Z. "New Yorkers can finally experience what many deem as the 'last great hamburger stand.'" S&Z continues to work with franchisee and Long Island resident Stuart Lieblein, owner of Residue National Corp, a multi-million dollar commodities brokerage company, to seek space for additional Fatburger locations on Long Island. Founded in 1962, Sholom & Zuckerbrot Realty LLC is a full-service real estate firm offering retail, office, industrial and investment brokerage, property management, plus development and build-to-suit projects. The firm is based in Long Island City (Queens), New York City.
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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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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.