News: Long Island

Stalco promotes Wade

Stalco Construction, Inc. promoted Malcolm Wade to assistant director of marketing and sales. Stalco is a full-service commercial general contracting and construction management firm active in New York City, the Greater New York area, and on Long Island. The value of Stalco's on-going projects exceeds $80 million. Wade's responsibilities include developing relationships with commercial, institutional, retail, religious, and industrial clients throughout New York City and Long Island. He joined Stalco in 2009, following two decades of experience in providing professional services to real estate clients. His promotion to the new marketing position follows two years of work in a construction capacity. Wade's construction and real estate maintenance experience encompasses both commercial and public projects, including CA, Inc. Headquarters, Three Village School District, and Bank of Smithtown. He holds an Associate Degree in mechanical engineering from Suffolk Community College in Selden, NY. Wade is a member of Contractors For Kids Advisory Board and frequently volunteers his cooking skills as grillman of the famous Stalco Grillmobile for charity fundraising events throughout the region. 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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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.