News: Long Island

Benjamin Pace III to address Real Estate Practitioner's Institute at October 6th luncheon

On Wednesday, October 6, the Real Estate Practitioner's Institute (REPI) of Long Island will host speaker Benjamin Pace III, who will address REPI members and guests on the topic, "Global Economic & Investment Update & How It Affects Long Island Real Estate." Pace is chief investment officer and head of global investment solutions for Deutsche Bank Private Wealth Management in the U.S. In his role as CIO, he sits on the PWM Global Investment Committee, providing input on the U.S. economy and capital markets. He is responsible for investment strategy and asset allocation for clients in the U.S. As head of global investment solutions, he brings together capital markets and investment capabilities in an effort to provide an effective and consistent experience for clients. Pace earned his BA in Economics from Columbia University and M.B.A. in Finance from New York University. The luncheon will be held at Milleridge Cottage. It will start with cocktails at 11:45 a.m. and luncheon at 12:30 p.m. Cost is $60 per person, $550 for a table of ten. Sponsorships are available. For more information and to RSVP call 516 299-3273. Email: [email protected] Website: www.repili.com
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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.