News & Press

A New Tree Grows in SB

“The tradition continues,” said Gloria Rocchio of the Ward Melville Heritage Organization in Stony Brook. She spoke Monday of the recently planted Norway spruce on the Stony Brook Village green. The original Norway spruce, approximately 100 years old and 48 feet tall, had served as the village’s Christmas tree for over 50 years. Stony Brook benefactor Ward Melville himself began the annual tree lighting as a community event. But age finally got to the beautiful evergreen and it had to be taken down, a sad happening on April 19. “It took so long for it to grow,” said Rocchio, “and it came down so fast,” adding “it was a very […]

Read More

Damianos Realty Group LLC Welcomes the Newest Member of Our Organization

John J. Damianos is the most recent member of Damianos Realty Group LLC, officially joining the organization in the fall of 2009. John majored in Graphic Design at the Art Institute of New York City. While there he worked with to cover the X Games 2009 in Aspen and the U. S. Open Snowboarding in VT. He was also employed by Burton Snowboards at the Red Bull Snowscrapers event in New York City in 2009. Summers were spent apprenticing in the family-owned business. John’s responsibilities include assisting in building construction, life safety and renovations. He currently resides in Setauket, NY, enjoying sports and relaxing with family and friends.

Read More

The banking crisis presents new opportunities for developers

It might be time to break up with your bank. That is one lesson developers are learning from this recession. But that does not mean deals cannot get done. Think of this crisis as an opportunity to develop a better banking relationship. Megabanks have been hit hard by the real estate meltdown. Some still have frozen assets. Others are reducing entire categories of loans—even the good ones—because they feel over exposed in that particular industry. The megabanks truly are throwing out the baby with the bath water, eliminating profitable loans as they try to recover from the shock of their toxic asset write-offs. At Gold Coast Bank, we still value […]

Read More