News: Long Island

LIREG runners perform well in Jones Beach Workplace Challenge; Passavia of Domus Group was LIREG's top finalist

Long Island Real Estate Group (LIREG) members raced well in the 3.5-mile 2011 Marcus Workplace Challenge. Will Passavia, of Domus Group, was the real estate group's top finisher in the race at Jones Beach State Park on July 26 with a time of 20:50 minutes. The race's top finisher overall had a time of 17:40. Other top LIREG finishers among 14 racers were Sean Cronin at 28:10; and Cara Cronin at 28:35, both of Cronin, Cronin & Harris P.C., and Craig Weiss, of T. Weiss Realty Corp., at 29:49. The LIREG team placed 24th overall out of 53 teams with an average time of 1:18:49 Among other reported times were Lee Passavia, of Domus, 32:30; Paul Fetscher of Great American Brokerage, 33:30 and Brad Cronin, of Cronin, Cronin & Harris, 34:10. Launched in 2005, the 3.5-mile Marcum Workplace Challenge is billed as one of Long Island's largest participatory sporting events and "company picnics." It attracts thousands of participants from more than 200 companies, non-profit organizations, schools and governmental agencies and their families and friends. Since its inception, the Marcum Workplace Challenge has raised nearly $150,000 for local charities. This year's beneficiaries include The Long Island Children's Museum, The Children's Medical Fund of New York and Long Island Cares, Inc.-The Harry Chapin Food Bank. The Greater Long Island Running Club managed the event. LIREG, formed to encourage networking among Long Island real estate developers, owners and allied trades and to raise funds for charitable real estate-related projects on Long Island, has more than 280 members.
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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.