C&W re-organizes Long Island office.Cushman & Wakefield of Long Island is undergoing an organizational restructuring as part of a corporate-wide initiate to reorganize the firm's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets in the major metropolitan areas of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . "Long Island always has been, and will continue to be a very important market for Cushman & Wakefield," said David Gialanella, operating manager for the New York market area. The changes taking place on Long Island, as well as in other major markets nationwide, are designed to provide clients with an efficient service delivery system and easier access to all of the company's professional resources. When the reorganization is complete in January 1995, Cushman & Wakefield's New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. operations will be managed by an area management group headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Nine Long Island based Cushman & Wakefield broker, along with appropriate support staff, will function as part of that team and will be managed by Theodore Stratigos and William Yorio, two veterans of the Long Island real estate industry. Joseph A. Lagano, who had served as managing director for 13 years, will be assuming national responsibilities within Cushman & Wakefield's Management Services Group, and will be working out of Cushman & Wakefield's New York City headquarters. The Long Island office, which in 1993 posted the second most profitable year in its history, will continue to provide all the core Cushman & Wakefield services, including appraisal and property management, and will utilize the firm's extensive resources from throughout the metropolitan New York area in serving its clients. "While the menu of real estate services available to clients will not change, the focus of servicing clients will be as a team of real estate professionals," explained Cushman & Wakefield Vice Chairman August A. DiRenzo, who has handled many major assignments on Long Island, including Computer Associates, EAB EAB Emerald Ash Borer (insect) EAB Environmental Appeals Board (EPA) EAB Educational Activities Board (IEEE) EAB Environmental Advisory Board EAB Egyptian American Bank Plaza and Fleet Bank. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Yorio, "Each client, working with one broker who will function as an account director, will benefit from the shared expertise of the entire Cushman & Wakefield organization." The restructuring of the Long Island office will also provide the firm's Long Island brokers with added capabilities in dealing with the more the more complex problems and solutions required by clients in the 90s. "With the new computer networking capabilities now in place between the Long Island office and our head office in New York," explained Stratigos, "we will be in a position to respond more quickly to the complex needs of our clients by calling upon the full service capabilities through our head office. These service capabilities will expand our Long Island office capabilities in such areas as research services, financial reporting and value analysis, and development consulting services." Cushman & Wakefield's continued commitment to Long Island is reflected in the fact that the Long Island office will soon move to the Melville area. "Relocating from Uniondale to a more strategic location in Melville will put us at the center of Long Island," said Yorio. "The move will enable us to better serve the entire Long Island business community." Stratigos and Yorio will be responsible for the day-to-day activities and allocation of resources allocation of resources Apportionment of productive assets among different uses. The issue of resource allocation arises as societies seek to balance limited resources (capital, labour, land) against the various and often unlimited wants of their members. within the Long Island office. |
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