News: Long Island

Century 21 Calabrese merges with RE/MAX

According to Henry Weber, president and regional director of RE/MAX of New York, Inc., Century 21 Calabrese has become part of the RE/MAX of New York, Inc. franchise network. The new office, RE/MAX Metro, will be home to more than 150 professional agents who will continue to provide comprehensive real estate services in Brooklyn including the communities of Bay Ridge, Bensonhurst, Dyker Heights, Gravesend, Sunset Park and all of Staten Island. 100 agents from Century 21 Calabrese will join more than 50 agents from RE/MAX professionals and RE/MAX 1st Choice Realty creating one of the largest RE/MAX operations in the Brooklyn and Staten Island market. RE/MAX Metro's management team will include Sal Calabrese and Michael Calabrese and veteran RE/MAX broker/owners Joe Madaio of RE/MAX 1st Choice and Frank Pennacchi of RE/MAX professionals. "We are pleased to welcome Sal and Michael Calabrese and the real estate professionals who work with them to the RE/MAX System. With a 40% market share, Michael and Sal have built a true real estate powerhouse in Brooklyn and Staten Island. We are certain that with the resources, technology and Joe Madaio's and Frank Pennacchi's experience working in the RE/MAX System, RE/MAX Metro will thrive and remain the leader in the market," said Weber. Michael and Sal Calabrese are veteran real estate professionals and respected industry leaders. They have been operating in Brooklyn and Staten Island for over 34 years and for the last 25 years as part of Century 21.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.