News: Long Island

Nizam of SVN | Realty Three Advisors selected to Port Jefferson’s BID board

Naji Nizam, 
SVN | Realty Three Advisors

Port Jefferson, NY SVN | Realty Three Advisors LLC’s Naji Nizam has been elected to serve on the board of directors of Port Jefferson’s Business Improvement District (BID).  

Already active in community affairs and recognized locally as the “Port Jefferson Retail Expert,” Nizam anticipates using his experience to assist the BID in improving Port Jeff Village and its many businesses.

When asked why he sought to run for a seat as director, he said, “Over the years I have always admired the beauty of the village, especially during the summertime.  It is a result of hard work of the mayor, board of trustees, those who serve on the BID, as well as other committees within the village, and the businesses themselves that keeps the village looking great. I felt it was time for me to give something back, just as my father did when he served as vice president of the BID and president of the chamber of commerce years ago.”

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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.