News & Press

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 […]

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Who’s Who in Commercial Real Estate, Cristofer Damianos

Cristofer Damianos is a principal in Damianos Realty Group LLC, a commercial real estate development company in Smithtown that specializes in the development, management and acquisition of office, retail and industrial properties throughout LI. Cristopher Damianos Buying and selling property in today’s economic climate should remain pure and simple, Damianos said. “When buying — be cautious,” he said. “Be conservative. On the selling side, don’t sell right now unless you have to.” Damianos earned a masters degree in business adminstration from Adelphi University and a bachelor’s degree in economics/political science from Tulane University. He is a member of the Association for a Better Long Island; a trustee, appointed by the […]

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40 Under 40 Award for John J. Finn

Since 1998, Long Island Business News has taken nominations for outstanding members of the business community on Long Island who are under the age of 40. The event has grown from a gathering of 60 people introducing themselves in a small restaurant to more than 700 at the Island’s largest catering hall. Awardees in this program represent entrepreneurs, government, education, law, banking, not-for-profits and the high-tech industry. One of the year’s most popular signature events, this is the ultimate for networking and business development – no other program gets you in front of the real future leaders of Long Island. Long Island Business News and event sponsors Hofstra University, LISTnet, Grant […]

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