News: Long Island

Berfas promoted to director at Newmark Knight Frank in Melville

Scott Berfas has been promoted to the position of director at Newmark Knight Frank. A specialist in representing both tenants and landlords in the Long Island and metropolitan New York office market, Berfas originally joined the global real estate services provider as an associate director in 2004, following a stint with the Long Island office of CB Richard Ellis. During his real estate career, Berfas has represented a number of prestigious clients, including Citibank, in its recent lease of a 210,000 s/f operations center in Melville; Danaher Corp., in its disposition of a 180,000 s/f facility in Port Washington; Sonomed Inc., in securing its corporate headquarters location Lake Success; and Merrill Lynch, in its 53,000 s/f lease in Garden City. "Scott has grown substantially in his ability to create business opportunities and service accounts.  We expect him to become one of Long Island's prominent office brokers in the years to come," said Newmark Knight Frank executive managing director Brian Lee. Prior to entering real estate, Berfas worked for Manhattan-based investor relations/corporate communications consultant Anne McBride Co., where he focused on advising public telecommunications companies. Berfas is a member of Commercial Industry Brokers Society of Long Island; the March of Dimes Society, Long Island Chapter; and ExecuLeaders Business Group, for which he serves on the event committee.  Berfas received the 2007 "Executive Leadership Award" from ExecuLeaders and has been recognized by the Costar Group as a Long Island "Power Broker."
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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.