Shown (from left) are: LIREG co-president Richard Herzbach, Long Island Power Authority CEO Tom Falcone, moderator Scott Burman, and LIREG co-president Michael Blaymore.
Mineola, NY Long Island Power Authority CEO Tom Falcone addressed a June 27th breakfast meeting of the Long Island Real Estate Group (LIREG). In a talk moderated by Engel Burman partner Scott Burman, Falcone discussed the public power agency’s future.
LIREG, formed in 2004 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, has almost 400 members. Since its founding, LIREG has contributed more than $1.5 million to numerous real estate-related projects undertaken by charities on Long Island.
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.