News: Long Island

Racanelli selected as general contractor for water treatment project; Walsh to serve as project manager

Racanelli Construction Co., Inc. has been selected as the general contractor by Suffolk County Water Authority for a water treatment project involving three buildings in Northport, Southampton and Bridgehampton. Racanelli's Bill Walsh is serving as the project manager. Racanelli will be supplying and erecting pre-engineered metal buildings for the project. The buildings will incorporate metal standing seam roofs, wall panels, structural steel and some galvanized steel. The buildings serve to protect and provide access to water equipment. The project is slated for completion during the fourth quarter of 2014. With roots dating back five decades ago, Racanelli is a family business with a long legacy of commercial/industrial real estate building and development. The company serves its diverse clientele as a construction manager, general contractor or 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 qualified team of professionals and application of sound business processes with 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 associations, 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 Construction Company executives are active members of the local community, serving on nonprofit organizations' boards and participating in various philanthropic activities. For more information, visit: www.racanelliconstruction.com
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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.