The Commercial Real Estate Informational Portal

A Phase I Environmental Site Assessment (ESA) is a process used to evaluate the potential for contamination at a property. It is typically conducted in connection with the purchase or financing of commercial real estate and is intended to identify any potential environmental liabilities associated with the property. In Houston, a Phase I ESA for…

Phase I Environmental Site Assessments (ESAs) are typically conducted to assess the potential for environmental contamination at a property, typically in connection with a real estate transaction. The purpose of a Phase I ESA is to identify potential or existing environmental liabilities associated with the property and to provide recommendations for further assessment and/or remediation…

Phase I Environmental Site Assessments (ESAs) are performed to identify potential or existing environmental contamination liabilities associated with a property. The process typically involves reviewing historical records, conducting site inspections, and collecting and analyzing environmental samples as necessary. In Chicago, Phase I ESAs are typically conducted in accordance with the guidelines set forth by the…

A Phase I Environmental Site Assessment (ESA) is a process used to assess the potential contamination of a property, typically as part of the due diligence process for a real estate transaction. The purpose of a Phase I ESA is to identify potential or existing environmental liabilities associated with a property and to evaluate the…

Phase I Environmental Site Assessments (ESAs) are performed to evaluate the potential environmental contamination of a property. The process typically includes a review of historical documents, site inspections, and interviews with knowledgeable parties to determine whether a property has any recognized environmental conditions (RECs) that may impact the use or value of the property. In…

A Phase I Environmental Site Assessment (ESA) reviews a property to identify potential or existing environmental liabilities. It is typically the first step in the process of due diligence when a property is being purchased, refinanced, or developed. A Phase I ESA aims to assess the potential for contamination at a property and identify any…