News: Long Island

Stalco Construction hires Esposito as estimator

Stalco Construction, Inc., has hired Richard Esposito as estimator. Esposito is responsible for developing cost estimates for all trades, negotiations with subcontractors, bid package preparation, and value engineering analysis. His work will focus on commercial and institutional projects in New York City and on Long Island. Esposito joined Stalco following 25 years of work as owner/operator of construction companies and project manager for a wide range of building projects. His experience includes operating two firms he owned, RJE Contracting and Island Contracting and Design, as well as positions of project manager and superintendent at NRI Construction and Conor Construction Consultant. Stalco Construction, Inc. Headquartered in Islandia, NY, with a regional office in New York City, Stalco Construction, Inc. is a full-service general contracting and construction management firm active on Long Island and in the Greater New York area. Established in 1992, the firm builds commercial and institutional facilities for office, retail, educational, healthcare, governmental, cultural, and religious clients. Stalco's personnel include professional engineers, architects, project managers, superintendents, and support staff. The value of the firm's on-going ground-up, interior, and capital improvement projects exceeds $80 million. Stalco's affiliate, Stalco International Group, designs and erects custom engineered buildings for developers and architects of commercial, office, institutional, public, and industrial structures. Stalco works in a partnership with Varco Pruden Buildings, a division of BlueScope Buildings North America, a world leader of the pre-engineered buildings industry. Stalco's current and recent work includes the $7.3-million Battery Park City Community Center and the $10-million restoration of the landmark Pier A in Manhattan; the $1.4-million Home Fair store at the Atlas Park Mall in Queens NY; Ultra Diamonds jewelry stores in Riverhead, NY; the $11.3-million renovation of the landmarked Erasmus Hall High School in Brooklyn, NY; the on-call Construction Management contract for the 778,000-square foot CA, Inc. Global Headquarters in Islandia, NY; the $1.2-million Dental Hygiene Laboratory and Knapp Hall at SUNY College in Farmingdale, NY; the $30-million expansion and renovation program for the Three Village Central School District in Suffolk County; The Hicksville Fire Department Station 2; and the $2.7-million Holy Sepulchre Cemetery Administrative Building in Coram, NY. ***
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.