News: Long Island

Five Point Real Estate opens Melville office

Corey Gluck, Five Point Real Estate

 

Guy Canzoneri, Five Point Real Estate

 

Melville, NY Five Point Real Estate, headed by Corey Gluckstal and Guy Canzoneri, has opened and launched the expansion of its new offices located at 35 Pinelawn Rd.  Five Point Real Estate is a commercial real estate brokerage firm. As a leading firm in Nassau and Suffolk Counties, their specialized services include capital markets, investment sales, property management, 1031 exchange advisory services, and asset valuation and underwriting expertise.

Together, Gluckstal and Canzoneri have closed $400 million of investment property value from 2012 to 2017.  The two founded and built a boutique investment sales brokerage based out of Garden City from the ground up. Five Point is the next level of specialized, focused and efficient commercial brokerages built on technology and training programs that are unique to the L.I. commercial brokerage industry. 

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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.