News: Long Island

Siano and Fagen of Sabre Real Estate Group represent Hamilton Kane for 15,000 s/f; Levine of Charter Realty & Development acts for Blink Fitness

Sabre Real Estate Group LLC, the metropolitan region's newest retail brokerage, has arranged a lease for Blink Fitness. Blink Fitness leased 15,000 s/f at the South Bay Commons Shopping Center, 175 Sunrise Hwy. This will be the second Blink location on Long Island; the first opened in March in Melville. Jayson Siano, managing principal of Sabre and Stu Fagen, managing director of Sabre, represented the owner of the property, Hamilton, Kane, Martin Enterprises Inc., which is owned by investor Salvatore DiCarlo of Jupiter, Fla. Peter Levine of Charter Realty & Development represented Blink. Subsequent to the deal, Sabre became Blink's exclusive real estate broker on Long Island. The chain anticipates expanding rapidly throughout the region, Siano said. 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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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.