News & Press

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.

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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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