The primary goal for a Phase I Environmental Site Assessment (ESA) is to identify recognized environmental conditions (REC) on a parcel of real estate within the scope of Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). This is only one requirement to satisfy the Landowner Liability Protections (LLPs); however, it will also present information in order to evaluate the... Read More »
When and how certain investors go beyond ASTM because they require more intense investigation based on their risk profile. Read More »
Partner Engineering and Science, Inc. is pleased to launch our spring webinar series. This series offers new and updated webinars that discuss commercial real estate trends, standards updates and changes as they affect the commercial real estate industry. Registration for all webinars is at no cost to industry professionals. Webinar Topics Include: The Essentials of Seismic Risk Assessments Why sh... 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 »
An Old Persian Proverb teaches that “One pound of learning requires ten pounds of common sense to apply it.” By applying this lesson when reading through Appendix 4 of the current SBA SOP 5010 5 (E) the NAICS Codes of Environmentally Sensitive Industries, lenders can save their borrowers time and money. I’ve had many lenders contact me with an order for a Phase I Environmental Site Assessment sol... Read More »
Video on Phase I ESAs. Read More »
Since the latest revision to SBA’s SOP 5010 5 (C), that came out in October 2010, I have been asked some reoccurring questions in regards to the Environmental Requirements on 504 and 7a loans. One of those reoccurring questions is when there is a NAICS Codes match does it mean that I will have to have a Phase I AAI Compliant ESA? The answer to this is a definitive YES, and NO! Take a look at SOP ... Read More »
Bundle or "one call" due diligence (ESA, PCR and ALTA) provides simplicity for commercial real estate buyers Read More »
A comprehensive overview of Phase I ESAs, their use and purpose, and the various types of Phase 1s required by different entities. Read More »
Phase I ESA QA/QC - how/when do things slip through the cracks? Read More »
