News: Long Island

Stapleton promoted to director of asset management by NAI Long Island

NAI Long Island has promoted Timothy Stapleton, ARM, from senior property manager to director of asset management. Some of Stapleton's new responsibilities will include training and supervision of the company's property managers, new assignment transitions, capital improvement projects, reviewing major contracts, and maintaining client and vendor relationships. "All of the properties in our portfolio will now benefit from Tim's vast knowledge and extensive experience," said Frank Socci, Jr., CPM, principal and director of property management for NAI Long Island. "I am confident that he will continue to excel professionally as he takes a more prominent role within our organization." Stapleton is a NYS licensed real estate broker and an Accredited Residential Manager (ARM) by the Institute of Real Estate Management, who has been managing residential properties for over 25 years and manages some of NAI Long Island's most valued residential accounts. In 2013, he was the recipient of the Greater New York chapter of the Institute of Real Estate Management's ARM of the Year Award, where he was recognized for his outstanding efforts in the restoration of four properties in Long Beach after Hurricane Sandy. Founded in 1980, NAI Long Island is a full service commercial real estate organization providing sales, leasing, tenant/landlord representation, property management and consulting services. NAI Long Island is proud to be the Nassau, Suffolk, and Queens County representative of NAI Global. To learn more visit www.nailongisland.com. Follow us on Twitter (@nailongisland) and Facebook. # # # Contact: Lauren Holland 631.270.3040 or [email protected]
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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.