News: Long Island

Ray Finkelstein of United Realty receives Distinguished Broker Award from The Association for a Better Long Island and Commercial Industrial Brokers Society

The Association for a Better Long Island (ABLI) and The Commercial Industrial Brokers Society (CIBS) recently presented Ray Finkelstein, principal of United Realty, a full-service Long Island-based commercial and industrial real estate firm, with its "Distinguished Broker Award." This award is given to an individual who has had a distinguished career in real estate and has made significant contributions to the industry. Finkelstein, whose career in the real estate field spans four decades, accepted the Distinguished Broker Award at the annual ABLI/CIBS Long Island Real Estate Dinner. "Ray is respected by his peers and has an impressive record of success in the commercial real estate industry. Over the years he has been involved in many of the region's largest real estate transactions and projects. Ray is the consummate professional with a career which is most deserving of our Distinguished Broker Award. Ray has had an exemplary career, and he has always been willing to share his experience and knowledge as a mentor and guide," said ABLI president Jan Berman. "Working in real estate can be challenging, but for me it has allowed me to use my talents and work in a field that I enjoy. It has been a privilege to have had the opportunity to be part of the growth and development of the Long Island market. I will continue to work to bring people together and fit businesses with the properties that they need to grow. This is a most appreciated recognition that I share with my team at United Realty. Without their support and encouragement, I would not have achieved the level of success that I have today and continue to enjoy," said Finkelstein. In 2011, Finkelstein received the ABLI/CIBS award for the "Most Ingenious Deal on Long Island." He was responsible for brokering and developing over 80% of Port Washington Industrial Park, and is often, in business circles, referred to as "Mr. Port Washington." Finkelstein has served on the CIBS Ethics and Arbitration Board and the Incorporated Village of Roslyn Estates Zoning Board of Appeals and as president of Homeowners Association of Villas at Harts Cove. His support of charitable groups remains a top priority for him. Finkelstein holds a business degree from Southern Illinois University.
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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.