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For Immediate Release: Tuesday, September 27, 2005 Lighthouse Real Estate Ventures Receives Business Leadership Award From Long Island Business Development Council Lynbrook, NY (October 27, 2005) – Lighthouse Real Estate Ventures announced today that it received the Nassau County Business Leadership Award from the Long Island Business Development Council, at the BDC’s 36th Annual Conference held on September 29. Lighthouse was nominated for this year’s award by the Town of Hempstead Industrial Development Agency, in recognition of the firm’s demonstrated commitment to economic growth, job creation and building rehabilitation. Lighthouse Real Estate Ventures, Inc. (www.lighthouserev.com) is a real estate investment company specializing in transforming undermanaged properties performing at below market levels into valuable, high-occupancy, quality tenanted assets. LREV has acquired and subsequently improved over 2 million square feet of commercial and mixed-use space throughout Long Island and the New York metro area Its lead properties in Nassau County include the Franklin National Bank building at 925 Hempstead Turnpike in Franklin Square, 444 Merrick Road in Lynbrook, the Bank of America building at 60 Hempstead Avenue in West Hempstead, and 1600 Stewart Avenue in East Meadow. “We are committed to improving the Long Island landscape through capital renovation and redevelopment, carefully planned leasing strategies, and responsive hands-on management,” said Louis Sheinker, a Lighthouse principal. “We are privileged to receive this honor from the LI Business Development Council and look forward to our continued participation in the economic improvement of Nassau and Suffolk Counties.” “The Business Council recognized Lighthouse’s project as it embodies the entrepreneurial spirit,” said Hempstead Town Supervisor Kate Murray. “The partnership between Lighthouse and the Hempstead Town IDA joins private sector initiatives with the tax relief and business incentives provided by the agency that fulfill New York State mandates to create jobs and foster economic growth.” “Lighthouse Real Estate Ventures is a true success story,” said Bruce Germano, co-chairman of the Long Island Business Development Council. “Their entrepreneurialism and dedication to grow and prosper on Long Island is testament to the strength of the company. LIBDC is honored to recognize Lighthouse for its achievements and commitment to Long Island.” For more information about Lighthouse Real Estate Ventures, call (516) 887-8900 or log onto www.lighthouserev.com. |