News: Long Island

Siano and Batista of Sabre arrange sale/lease

The Rockville Centre Cinema, vacant for five years, will be replaced by a Bonefish Grill, a casual seafood restaurant, as a result of two deals orchestrated by Sabre Real Estate Group LLC. 340 Sunrise Highway, LLC purchased the 6,900 s/f corner property at 340 Sunrise Hwy., who, in turn, leased the site to Bonefish Grill. The old theater, constructed in 1969, is to be razed and replaced by a new building of 5,400 s/f with a patio. Jayson Siano, managing principal of Sabre and Greg Batista, a Sabre director, arranged the sale as well as the lease to Bonefish Grill. The two are the exclusive real estate agents for Bonefish Grill. On Long Island, Bonefish is seeking sites of 5,000-6,000 s/f and currently operates six units in New York, including restaurants in Yonkers and Staten Island.
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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.