Holiday Coat Drive: L&W Market Keeps Out Winter Chill
L&W Market, located at 2493 Montauk Highway in Bridgehampton, will kick off the holiday season of giving with a coat drive through December 31 — collecting new and lightly used coats for Maureen’s Haven, a local organization that helps meet the needs of homeless men and women on the East End during the cold winter months.
“The goal of Maureen’s Haven is to provide safe, warm temporary shelter to homeless individuals from November through March, utilizing volunteer houses of worship and congregation volunteers,” according to a press release. “The host facilities and supporting organizations provide much more than a place to sleep and a nutritious meal. They provide support through embracing the values of human dignity, respect, service, compassion, teamwork, diversity and love.”
As a thank you for donating, L&W Market will offer a free cup of coffee to all who donate coats. For more information, call (631) 537-1123 or visit landwmarket.com.
Sen Serves Holiday Best for Sag Harbor Chamber
Save the date! Join the Sag Harbor Chamber of Commerce for its annual holiday dinner party on Wednesday, December 5, from 6 to 9 p.m. at Sen Restaurant, located at 23 Main Street in Sag Harbor.
The menu will include edamame and vegetable tempura paired with miso soup and Sen salad, followed by Chahan fried rice, sautéed vegetables and a choice of Chicken Katsu, a spicy tuna roll and a California roll, salmon teriyaki, or tofu teriyaki. And definitely leave room for banana tempura, chocolate cake and Mochi ice cream.
Tickets are $50 or $25 for members. To RSVP, email firstname.lastname@example.org.
Montauk Ad Firm Wins Big at MarCom Awards
Founded in 2003 by Jill Fleming and Lynn Blumenfeld — a pair of Madison Avenue escapees — blumenfeld + fleming has worked with the likes of Stony Brook Southampton Hospital, BMW, Audi, MINI, Porsche and Landscape Details, racking up more than 300 awards for creativity.
The Montauk-based advertising firm recently added 16 more to the list.
Recognizing excellence in marketing and communication, the MarCom Awards honored the following projects with seven platinum awards, the highest achievable: the print advertising campaign and media relations/PR for Landscape Details; print advertising for Stony Brook Southampton Hospital’s electrophysiology lab; a video for Stony Brook Southampton Hospital’s Phillips Family Cancer Center; a radio ad for AEG South Fork Peak Saver; a media relations/PR campaign for the Adam Miller Group; and a website for the John Jermain Memorial Library in Sag Harbor.
Gold awards were received for: print media and marketing for LaGuardia Design Group, a Fall Festival print ad for the East Hampton Chamber of Commerce, print advertising for Landscape Details and South Fork Peak Savers. Media relations/PR winners were for Landscape Details and LaGuardia Design Group, a radio spot for South Fork Peak Savers, and digital media/E-blasts for Porsche’s Macan and Audi’s Q5.
For more information, call (631) 668-0007 or visit bplusf.com.
Fitch Ratings Now Available for Peconic Landing
Fitch Ratings has affirmed the “BBB-” rating on the following bonds issues on behalf of Peconic Landing at Southold, Inc.: an $18.925-million Southold Local Development Corporation revenue bond, series 2015, and a $25.765-million Suffolk County Economic Development Corporation revenue refunding bond, series 2010.
The rating outlook is stable. The bonds are secured by a gross revenue pledge, mortgage interest on the land and all buildings except the ILU/Co-op units and a debt service reserve fund.
In fiscal 2017, Peconic Landing increased its cash and investment position by 3.5 percent to $28.3 million, which translates into 344 days cash on hand, 65.3 percent cash to debt, and 8.4x cushion ratio.
Peconic Landing has demonstrated strong demand across all its service lines, which Fitch attributes to its favorable location and limited competition. Over the last four fiscal years, the retirement community averaged a solid 93-percent occupancy in its independent living units, 85 percent in its assisted living units, and 92 percent in its skilled nursing facility beds.
Its core operational performance remained somewhat weak, but continued to improve as evidenced by its 98.9-percent operating ratio and 3.7-percent net operating margin. The improvement is attributed to the completion of its most recent capital repositioning and expansion project, which was expected to be accretive to its operating profile. Additionally, Peconic Landing’s operational performance continued to improve during the eight-month interim period as evidenced by its 96.8-percent operating ratio and 8.5-percent net operating margin.
“Given its most recent campus repositioning and expansion project is complete, if Peconic Landing is able to continue to improve its operations and coverage levels, while maintaining its solid liquidity position, there may be upward rating movement,” according to the report. “Conversely, while not expected, deterioration in operations or coverage levels could pressure the rating.”
Robert Tramondo Returns to Douglas Elliman
Douglas Elliman Real Estate recently welcomed broker Robert Tramondo back into the fold — a veteran real estate agent who has worked on some of the East End’s biggest deals during his career.
“The East Hampton resident is known far and wide as one of the true good guys in real estate,” a press release said. “His positive demeanor, mastery of marketing and deep knowledge base have helped him earn his place as an East End industry leader.”
Coming back to Elliman made perfect sense, according to Tramondo. What the company stands for, and what it brings to the table for its agents and its clients, is a standard of excellence that is unmatched, he said.
“Douglas Elliman offers me the perfect combination of enormous brand strength and superior marketing platforms to quickly help expand my business, and also to achieve my long-term service goals,” Tramondo said in a statement.
Deeply appreciative of all that the Hamptons has to offer, Tramondo and his wife, Lynn, enjoy frequenting the beach and dining out regularly. Supporters of the local cultural scene, the couple also enjoys exploring new places through international travel.
“We’re thrilled to welcome such an accomplished realtor back into the Elliman family,” Hamptons Regional Vice President of Sales Carl Benincasa said in a statement. “Robert has spent a career helping to negotiating some of the biggest deals on the East End and I can’t think of a better place for him than here.”