News: Long Island

CIBS presents three 2009 Rising Star Awards on November 4

The Commercial Industrial Brokers Society of Long Island (CIBS) presented 2009 Rising Star Awards to three young brokers at the organization's Annual Meeting and Meet Your Associates Party on Nov. 4. The awards, presented annually by CIBS, recognize new commercial real estate brokers who have achieved notable success, made positive impressions or have shown unusually high potential. This years honorees were: * Richard Perna, an associate director at Newmark Knight Frank's Long Island office in Melville. * Joshua Sommer, an associate at Sutton & Edwards Inc. * Daniel Wiener, a managing director at Corporate National Realty. "These young men are outstanding new members of our industry and we wish them considerable success in the future," said Jeffrey Schwartzberg, president of CIBS. Sommer joined Sutton & Edwards in 2007. He gained vast knowledge of commercial real estate and rose quickly to become a vital asset in the firm's Industrial department. He has closed a number of lease and sale transactions, offering professional representation to buyers, owners, and tenants on more than 150,000 s/f of industrial space throughout Long Island. Perna, who joined Newmark almost four years ago as an intern, is focused on industrial sales and leasing and has been involved in transactions totaling almost 500,000 s/f. Wiener joined Corporate National Realty as a sales associate in May 2005 and since then has been focused on tenant and landlord representation with an emphasis on office and medical requirements. In just four years, Weiner has been responsible for the exclusive agency assignment of more than 500,000 s/f of office, industrial, retail and medical space. Wiener was promoted to managing director in early 2008.
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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.