News: Long Island

Frank Posillico, Alliance Real Estate Corp.

Name: Frank Posillico Title: Managing Principal Company: Alliance Real Estate Corp. Location: Deer Park, NY Birthplace: Mineola, NY Family: Wife Angela of 25 years, two sons Frankie, 21, and Nick, 22 College: Nassau Community College Business, NYU Property Management First job outside of real estate: Owner of pizzerias First job in real estate or allied field: Property manager for Leonard Racanelli Realty What do you do now and what are you planning for the future? Brokerage of commercial properties on Long Island and to expand into purchasing and managing commercial properties. Hobbies: Golf, ice hockey, skiing Favorite book: "Killing Lincoln" Favorite movie: "Goodfellas" Keys to success: You must have passion and honesty in whatever in life you choose. Person you most admire (outside of family): President Ronald Reagan If you had to choose another vocation, what would it be? Construction project management
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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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.