Manhasset, NY According to the Long Island Real Estate Group, (LIREG) industry magnate and philanthropist, Frank Castagna, passed away at home at the age of 91.
Castagna was the principal of Castagna Realty Co., a major force on Long Island whose projects included Americana Manhasset. His company participated as speakers in LIREG breakfasts and is represented on the LIREG Executive Board by Alex Wong.
Services for Castagna will be held privately. In lieu of flowers, the family requests that donations in Castagna’s name be made to North Shore Child & Family Guidance Center, Nassau County Museum of Art, and Island Harvest.
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.