News: Spotlight Content

2023 Year in Review: Donald Gelestino, Champion Elevator Corp.

Donald Gelestino
CEO
Champion Elevator Corp.
IREON Member

What person, project, transaction, or market trend had the greatest impact on your industry this year? The rapid adoption of smart elevator technologies significantly impacted our industry this year. These systems are revolutionizing urban vertical transportation, enhancing both efficiency and safety.

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? In 2023, my most notable achievement was overseeing the successful integration of three acquisitions at Champion Elevator. This pivotal move, combined with exceptional teamwork and camaraderie, led us to reach a monumental milestone of 6,568 units under monthly maintenance contracts, a testament to our team’s dedication and excellence.

MORE FROM Spotlight Content

The commercial classroom: 1031 tax-deferred exchanges - by Edwad Smith Jr.

The sale of real estate may trigger capital gains taxes on the net profits of that sale. These taxes may be deferred by participating in a 1031 tax exchange, in essence, by purchasing property(s) to replace the
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
2026 Developing Long Island: ERG Commercial Real Estate launches its new Retail Leasing division

2026 Developing Long Island: ERG Commercial Real Estate launches its new Retail Leasing division

North Hempstead, NY ERG Retail Leasing is the dedicated leasing division of ERG Commercial Real Estate, an established full-service commercial real estate brokerage for over 35 years. 
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
CRE Guide Featured Company: Merritt Environmental Consulting Corp.

CRE Guide Featured Company: Merritt Environmental Consulting Corp.

Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
2026 Developing Queens: Long Island Board of Realtors  advances commercial growth and advocacy in Queens

2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens

The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach