News: Long Island

The Long Island Real Estate Group hosts developers on June 10 for fund raising event

The Long Island Real Estate Group hosted a June 10 fund-raising event that enabled members of the group and their guests to network with leading developers, owners and politicians at The Aqua, the oceanfront luxury condominium project of Engel Burman Group. Almost 100 people attended the event, a fundraiser to benefit the Sid Jacobson Jewish Community Center in East Hills, the Family Service League in Huntington and Fitzgerald House, in Wyandanch, which provides shelter for homeless veterans. Attendees included former Senator Al Damato and developers/owners Charles Alter of Louis Lefkowtiz Realty; Jan Burman and Steven Krieger of Engel Burman Group; Fred Colin of Colin Development; Debra Cox, of the Parisi Organization; Roger Delisle of Island Associates; Steve Getlan of Getlan Associates; Nathan and Joshua Halegua of Jonis Realty; Mark Hamer of Harvest Real Estate Partners; Neal Kaplan of Kabro Associates, Mike Kaufman and Marc Kemp of Basser-Kaufman; Russell Matthews of the Albanese Organization; Charles and Emanuel Mayeri of Summit Development; Sylvia Mermel of Sivan Properties; Gary Passavia, Lee Passavia, and Will Passavia of Domus Group; Bruce Pergament, of Pergament Properties, Jay Quinn of the Christopher Companies; Gregg Rechler of Rechler Equity Partners, Clifford Sondock of Spiegel Associates; Stuart Walton of Greenway Plaza; Ted Weiss of T. Weiss Realty and Mathew Whalen and Chris Capece of Avalon Bay Communities, among others. LIREG formed to encourage networking among Long Island real estate developers, owners and allied trades and to raise funds for charitable real estate-related projects on Long Island, now has 187 members. LIREG has contributed more than $150,000 to such charities as Haven House/Bridges Inc., Angela's House, Sunrise Day Camp, Ronald McDonald House of Long Island, Hospice Care Network and Habitat for Humanity. For more information visit www.LIREG.org.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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Columns and Thought Leadership
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.