News: Long Island

Asaro takes over Industry One Realty Corp.

Mario Asaro made his mark in the industry with United Realty and in a short time had a good name for himself by obtaining numerous "good exclusives" many of which were in the desirable Farmingdale area which explains why many in the industry referred to him as "Mr. Farmingdale." His colleagues and competitors from the Commercial, Industrial, Brokers Society acknowledged him by awarding him with the coveted "Rising Star Award" in 2005 - the year of its inception. When asked about his title as "Mr. Farmingdale" he said, " I do like having the pulse of the Farmingdale commercial industrial market, but I also would like it to be known that I have made many significant deals, in Hauppauge, Huntington, Bohemia, Hicksville and countless other areas as well. I also have been involved with some great retail, and office transactions" Industry One Realty Corp. has been around since 1985 founded by Henry Proto and Bernie Steinberg. In 2002 Bernie retired and sold his shares of the corporation to Proto, and in October of 2009 Asaro negotiated a purchase of the corporation with Proto. Proto will remain on with Industry One as an associate broker. Asaro says his objectives for Industry One Realty Corp. are to energize the company with aggressive marketing of its exclusives and recruit new power brokers to grow Industry One Realty to a medium-large realty brokerage, and possibly become a large national brokerage. Written by Debbie Scibelli.
MORE FROM Long Island

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.