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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 in the major metropolitan areas of New York, Los Angeles and San Francisco.

"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 operations will be managed by an area management group headquartered in New York City. 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 Plaza and Fleet Bank.

According to 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 within the Long Island office.
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Title Annotation:Cushman and Wakefield of Long Island Inc.
Publication:Real Estate Weekly
Date:Jan 18, 1995
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