Red Apple Group

Debrief: Happy landings with Daniel Preston

With the fate of Riverhead Town’s Enterprise Park at Calverton still very much in the air, Daniel Preston would like to throttle things back a bit. Half-truths and wild speculation have been part of the EPCAL story since Grumman pulled out a quarter-century ago, and CEO Preston’s Luminati Aerospace LLC, which is looking to purchase the storied property for $40 million and revive Long Island’s dormant aerospace industry, has not been spared: It’s already parted…


Aerospace is swell and all, but this is about land

By GREGORY ZELLER // Make no mistake: For Greek-American billionaire John Catsimatidis, this is a land deal, pure and simple. The owner of Gristedes Foods, the largest grocery chain in Manhattan, can issue press statements noting his “deep roots and interest in aviation,” as he did after word spread that United Refining Energy Corp. – one of several companies under the umbrella of Catsimatidis’ Red Apple Group – would back Luminati Aerospace LLC’s efforts to…