News: Long Island

Racanelli Construction Company, Inc. named general contractor for The Stony Brook School's Kanas Commons project

Racanelli Construction Company, Inc., a leading construction management, general contractor and design/build resource for commercial, industrial, retail, medical, pre-engineered and multi-family housing projects, has been named the general contractor by The Stony Brook School for the construction of a new 19,500 s/f, two-floor building named the Kanas Commons. The building will house a new dining room and student center. Racanelli won the contract in a competitive bid process. The $5 million project will consist of a steel frame building with a brick exterior, also incorporating block drywall, aluminum, and glass windows. The building design features a round two-story main entrance designed to complement the existing building design of the campus. The project is being built while class is in session. Overseeing the project is project executive Richard Racanelli, project manager Steve Peragallo, and project supervisor Gary Raynor. In addition to assuring that the highest standards of quality construction are met, their focus is on implementing an effective site safety plan, as well as keeping the project on schedule for its completion date this summer. The project began on May 1st, 2012. With roots dating back five decades ago, Racanelli has a long legacy in commercial/industrial real estate building and development. The company serves its diverse clientele as a construction manager, general contractor and complete design/build resource. The company's services are applied in the construction of corporate/industrial, healthcare, retail, hospitality/restaurant, educational, residential, religious, storage and pre-engineered buildings. Its highly qualified team of professionals and application of sound business processes with state-of-the-art technologies combine to facilitate high quality, on-time and on-budget projects. Racanelli's long history and impeccable reputation as a high quality builder/developer has earned the company a broad bonding capacity as well as AAA Insurance coverage. Racanelli maintains excellent working relationships with local municipalities, business and civic association, and elected officials. These relationships accrue considerable benefits to Racanelli's clients when seeking financing/bonding, zoning approvals and support from the local community. Racanelli executives are active members of the local community, serving on nonprofit organizations' boards and participating in various philanthropic activities.
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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.