News: Long Island

Stalco Construction holds 2nd R.E. Movers & Shakers reception

200 commercial real estate, architecture, and finance professionals attended the 2nd Stalco Real Estate Movers & Shakers Networking Reception. The quarterly networking event, open exclusively to principals and senior executives of Long Island's leading real estate and design firms, serves as the region's venue for exchanging ideas and networking among the building industry's heavy hitters. During the event, Building Long Island magazine unveiled its latest issue that features a cover story on Stalco Construction. The reception's on-line media sponsor was UPworld.com, an on-line network for real estate, design and building professionals. Held at Stalco Construction, Inc.'s headquarters, the latest Movers & Shakers Networking Reception was themed "Support Local Wineries and Farms" and featured wine classes, tastings, and locally grown and produced artisanal foods. "We welcome Long Island's and the Greater New York area's real estate and architecture professionals to the second Stalco Movers & Shakers Networking Reception," said Stalco Construction principal Kevin Harney. "The commercial building industry is one of the main engines of the regional economy. We believe it is important to provide our colleagues and local political and community leadership with a setting for discussing policy issues, business opportunities, and professional concerns." "Real estate development, architecture, and construction firms have the responsibility to contribute to local communities and support the regional economy," said Alan Nahmias, Stalco president. "Tonight's reception promotes local wineries and farms - an important part of Long Island's economy and producers of some of the best wines and foods in the Greater New York area." The reception featured locally sourced foods catered by Harbor Crab Company restaurant in Patchogue, N.Y., and a selection of Long Island and imported cheeses provided by Village Cheese Shop in Mattituck, N.Y. Osprey's Dominion Vineyards from North Fork, N.Y. and Martha Clara Vineyards, located in Arrowhead, N.Y. supplied a selection of locally produced wines and provided wine classes and tasting opportunities.
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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.