News: Long Island

CIBS Long Island hold "Meet the Supervisors Breakfast" May 14th; Panel included: Kaiman, Petrone, Schaffer and Schacker

The Commercial Industrial Brokers Society of Long Island (CIBS) hosted a special "Meet the Supervisors Breakfast" on May 14th to provide information and updates on real estate development and projects in three of Long Island's largest towns. The panel included Jon Kaiman, North Hempstead town supervisor; Frank Petrone, Huntington town supervisor; Rich Schaffer, Babylon town supervisor and moderator CIBS president Gary Schacker, SIOR, principal of United Realty. Members of the real estate and business community asked questions and each supervisor provide their views, information and goals for development in their respective towns. "The discussion was refreshing and the candid answers from the supervisors made it clear that they're on top of development in their respective towns. Each supervisor expressed their interest and explained the challenges that they face. It was clear that these leaders also understand the needs and interests of both the commercial real estate sector and the residents in the communities they serve," said CIBS president Gary Schacker, SIOR, principal of United Realty. Kaiman discussed the development projects in North Hempstead and the importance of balancing development and community involvement. Petrone spoke about the new Canon U.S.A. corporate facility in Melville and the significant progress made in terms of development in Huntington Station. Schaffer provided an overview of development in the town including the significant progress of Wyandanch Rising. CIBS, "The authoritative voice on Long island for commercial real estate," hosts events to provide information for its members and for the greater Long Island business community interested in the economic future of Long Island. For information about Commercial Industrial Brokers Society, please visit www.CIBS-LI.com
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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.