What are the key pillars of the Phase I ESA process that determine the quality of the report? Jason Bates discusses important things to look out for when selecting your environmental consultant. Read More »
The Phase I Environmental Site Assessment (or ESA), considered by many in the real estate and finance industries as the most essential form of environmental due diligence, can vary in complexity and challenge when conducted in a city with a storied industrial history known as the automotive capital of the world. The development of Detroit in the early 20th century was shaped in part by the design... Read More »
Commercial Real Estate Due Diligence Underwriters, analysts, and loan officers who want to deepen their knowledge of Commercial Real Estate Due Diligence are well served to learn a little about each type of third party report that is needed to underwrite a commercial real estate transaction. Five of the most commonly required commercial real estate due diligence reports are Phase I Environmenta... Read More »
Being that Colorado is an area with a high radon propensity, it is important to know how radon can impact a real estate transaction. Sellers, lenders, and developers need to be aware of the risks of radon and how it can impact their commercial real estate deal. Radon testing can be completed to assess whether a particular building has elevated levels and radon mitigation, if necessary, can ofte... Read More »
The benefits of green building and energy efficiency are real and increasingly want to be realized by commercial real estate investors and tenants alike. Partner Engineering and Science, Inc.’s green retrofit of their new company headquarters in Los Angeles provided Partner with firsthand experience in realizing those benefits. By undertaking this project, Partner is now able to provide invaluab... Read More »
Our Phase I Environmental Site Assessment (ESA) practice most commonly focuses on pre-loan and pre-acquisition due diligence, but pre-lease Phase I ESAs are common enough. In this blog I seek to highlight the value equation for pre-please Phase I ESAs as well as give users the tools to decide what, if any, environmental due diligence should be done before entering into a commercial real estate ... Read More »
Environmental and engineering due diligence in relation to real estate transactions often poses questions about how, when and why. As an industry leader in providing assessments, Partner had taken to task to also be industry leaders in educating the real estate industry on the When of ordering a report, the Whys, the Hows, and the effects of the report once received. After publishing three videos ... Read More »
Corporations and their creditors must understand the law to manage environmental liabilities during bankruptcy. This blog is a brief exert from the bankruptcy chapter of my book titled Managing Environmental Liability – Business Transaction and Brownfield Redevelopment. The bankruptcy cases of Chrysler and General Motors are examples of the growing trend toward “fast-track restru... Read More »
