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Daniel Preston

Daniel Preston, an owner of company with stake in Calverton land deal with town, dies at 52

by Jan 15, 2023
Luminati Aerospace owner Daniel Preston, 52, died at his home in Little Falls, New York on Thursday, Jan. 12. Luminati is part owner of a join venture with Triple Five called Calverton Aviation & Technology, which is in a $40 million land deal with the Town of Riverhead.

Triple Five agrees to provide more financial documents in EPCAL land deal

by Apr 28, 2020
Calverton Aviation & Technology, the company in contract with the Town of Riverhead to purchase most of its remaining vacant land at the former Grumman site in Calverton, will submit updated financial documents to the town to demonstrate its ability to close the deal and develop the property.

Luminati Aerospace CEO says he’s moving his company upstate

by Apr 23, 2019
Luminati Aerospace CEO says he'll be “a landowner and investor" at EPCAL, but he's moving his company operations to the City of Little Falls in Herkimer County. What does this mean for EPCAL land deal?

Luminati Aerospace facing eviction by EPCAL landlord and lawsuit by investor over alleged default on $10 million loan

by Mar 29, 2019
Luminati Aerospace, an owner of the company in contract to buy 1,643 acres of vacant land at the Calverton Enterprise Park, is facing eviction from the manufacturing building it leased at the enterprise park and is being sued by a principal investor for alleged default on a $10 million promissory note and mortgage in its real property and equipment at the industrial park.

Riverhead Town owes its citizens a hard look at the Ghermezian family

by Apr 26, 2018
Triple Five's seat at the table is based on sleight of hand and their behavior raises real questions about their integrity. Opinion column by John McAuliff

Tech and aviation companies, from Maglev to space rocket developers, say they want to work at EPCAL during hearing

by Mar 20, 2018
Several technology and aviation companies expressed interest in working at EPCAL with Triple Five at the hearing, including a Maglev technology developer and a start-up designing rockets to launch miniaturized satellites into space.

Luminati founder Preston skips ‘qualified and eligible sponsor’ hearing

by Feb 28, 2018
Principals of Triple Five, his partner in the joint venture, sought to minimize Preston's importance in the project. "He has nothing to do — he has no say — he has no power, no nothing,” Triple Five chairman Nader Ghermezian stood up and told the board. Preston's longtime lawyer Robert Hasday blamed his client's absence on 'a hatchet job of an article' published on RiverheadLOCAL yesterday.

His past full of outrageous claims and broken deals, Luminati’s Daniel Preston is coming for Riverhead

by Feb 27, 2018
Our year-long investigation into Daniel Preston’s past uncovered little to back up his most outlandish claims – just a long trail of disappointed former partners, fabricated success stories and broken deals that ended up in court. Column by Denise Civiletti

Councilwoman demands termination of Luminati’s runway use agreement at EPCAL

by Feb 16, 2018
Councilwoman Jodi Giglio is calling for the immediate termination of Luminati's runway use agreement because she says the Calverton company has not provided a $5,000,000 liability insurance policy to the town.

EPCAL sale contract made public in advance of next month’s hearing

by Dec 29, 2017
The proposed contract of sale was filed in the town clerk's office for public review yesterday. Here's a rundown of its terms and a copy of the document filed in the clerk's office.