News: Long Island

CIBS names Ambrosino of Ambrosino Consultant Corp. as 2018 Associate Member of the Year

Pictured above (from left) are: Kyle Burkhardt, Michael Ambrosino and David Leviton.

Woodbury, NY The Commercial Industrial Brokers Society (CIBS) has honored Michael Ambrosino, president of Ambrosino Consultant Corp. with its 2018 Associate Member of the Year Award.

The award, presented at the CIBS Annual Meeting at the Crest Hollow Country Club, recognizes and encourages the support and involvement of CIBS members and associate members in the activities of the real estate brokers group.

Ambrosino has 30 years of experience in the construction industry. He has been operating on Long Island since 1998 and in 2002 began Ambrosino Consultant Corp. Since then, he has completed 4.5 million s/f of office space projects which range from 500 to 250,000 s/f.

“Michael Ambrosino and his company have long been staunch supporters of CIBS and this award recognizes their contributions and continued involvement in our organization,” said CIBS president Kyle Burkhardt.

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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.