News: Brokerage

CIBS Coat Drive supports United Veterans Beacon House

Shown (from left) are: CIBS president Ralph Benzakein, committee co-chair Albero Fiorinin,
CIBS W committee member Marian Campi-Conde, and CIBS W member Julia Lee.

Melville, NY The Commercial Industrial Brokers Society of Long Island (CIBS) has completed its December Coat Drive, benefiting United Veterans Beacon House (UVBH), a Long Island–based nonprofit dedicated to providing housing and supportive services to veterans experiencing homelessness.

The coat drive was organized by members of the Charitable Initiatives Committee, bringing together CIBS members to collect winter coats and cold-weather essentials for veterans in need during the coldest months of the year. The effort reflects CIBS’s continued commitment to supporting local organizations that serve some of Long Island’s most vulnerable populations.

“Our members really stepped up to support veterans in our community,” said Stephen Cadorette, CIBS-LI Charitable Initiatives committee co-chair and director of corporate, investment, and development at Cushman & Wakefield. “United Veterans Beacon House does incredible work, and it was important for CIBS to help provide something as basic — and essential — as warmth, comfort, and dignity.”

“This initiative speaks to the heart of what the Charitable Initiatives Committee aims to accomplish,” said Alberto Fiorini, managing principal of Alliance Real Estate Corp. and committee co-chair. “CIBS members understand the importance of giving back locally, and this coat drive was a meaningful way to support veterans while strengthening our connection to the communities we serve. We’re especially grateful to NAI Long Island, Cushman & Wakefield, and Forchelli Deegan Terrana for generously hosting drop-off locations and helping make this effort such a success.”

“We are deeply grateful to CIBS and its members for their generosity,” said Frank Amalfitano, president and CEO of the United Veterans Beacon House. “Donations like these make a real difference for the veterans we serve and reinforce the message that they are not forgotten.”

Through initiatives like the December Coat Drive, CIBS continues to combine professional collaboration with community service, supporting charitable organizations across Long Island and reinforcing its commitment to giving back to the communities where its members live and work.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,