News: Long Island

Hoffner joins Racanelli as a project manager

According to Racanelli Construction Company, Inc., Richard Hoffner has joined the firm as a project manager. In this role, he will apply extensive experience and skills in cost estimating, bid analysis and value engineering project management to effectively manage all aspects of company projects, including subcontractor supervision, construction materials procurement, cost controls and schedule monitoring to assure high quality, on-budget and on-time project delivery. Directly prior to joining Racanelli, Hoffner served as a senior project manager with Aurora Contractors, Inc. During his six-year tenure, he performed a range of functions from estimating projects, establishing policies for and procuring subcontractors, qualifying proposals, and developing scopes of work, to assisting in sales, preparing owner and sub-change orders and overseeing subcontractor coordination and monthly owner meetings. While with Aurora, he managed many sizeable projects including a 150,000 s/f, three-story new department store construction project for Macy's in the Bronx, as well as a Hilton Garden Inn hotel project in Stony Brook, NY. He also served as the project manager for many high-end retail and big box store projects for national brands including Crate & Barrel, Borders Books, Staples, Home Depot, and Limited Stores. In addition to his position at Aurora, he served as a Senior Project Manager with TRITEC Building Corp. (East Setauket, NY), where was responsible for projects including a Senior Living Facility in New Paltz, NY; a Marriott Residence Inn in Yonkers, NY; a Staybridge Suites in Carmel, NY. Hoffner earned his Associates Degree in Construction Management from the State University of New York at Farmingdale.
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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.