News: Long Island

Long Island Real Estate Group elects new officers

Sam Yedid, a partner in a Melville law firm, and Brad Cronin, a partner in a Mineola law firm, were elected co-presidents of the Long Island Real Estate Group (LIREG). The networking and philanthropic group also elected other officers. Yedid was formerly vice president of LIREG. He is a partner in the Melville law firm Lazer, Aptheker, Rosella & Yedid, P.C., where he co-chairs the firm's real estate practice group. Cronin, a LIREG board member and formerly membership coordinator, is a partner in Cronin, Cronin and Harris P.C., where for more than 25 years he has focused on property tax reduction law. Steven Krieger, a principal of Garden City-based Engel Burman Group, was elected executive vice president, a new post. An attorney, builder and successful developer of commercial properties and multifamily housing developments, Krieger has been involved in the real estate industry since 1986. Charles Alter, a partner in Louis Lefkowitz Realty Inc., a property ownership and management firm based in Jericho, was elected co-vice president. He has been a member of LIREG's board. He has more than 25 years of real estate experience and worked eight years as an executive of insurance giant AIG. Also elected co-vice president was Peter Schapero, a partner with the insurance brokerage Signature Group of Companies LLC, of Garden City. He has been LIREG's charity committee chairman and a member of the board. In addition, Eric Rubenstein, secretary of LIREG since 2008, was re-elected. Rubenstein is a partner at the Uniondale law firm Ruskin Moscou Faltischek, P.C., where he is co-chair of the firm's real estate department. Steve Getlan, a principal of Ronkonkoma-based Getlan Associates, owners and managers of commercial properties throughout Long Island, was re-elected treasurer.
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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.