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Category Archives: Engineering Due Diligence

The Legacy of Birdsall Services Group

Birdsall Services Group (www.birdsall.com) was founded in 1919 and the assets of BSG were recently purchased by Partner Engineering and Science, Inc. (Partner).   Birdsall Servicse Group (BSG, Birdsall) was an award-winning full-service engineering firm headquartered in Eatontown, New Jersey.   Ralph Orlando was named President of Birdsall Services Group in November of 2012 replacing the retiring…

Going beyond ASTM – Property Condition Assessments

The satisfactory completion of real estate transactions relies on the satisfactory completion of due diligence. The broad definition of due diligence includes a number of non-physical issues, such as leases and contracts, property title issues, taxes and assessments, approvals and entitlements, historic and open space provisions and personal property. The physical issues related to a…

Solar Due Diligence

Taking a look at how a thorough transactional due diligence assessment can help you make better decisions in the solar market. Are you buying, selling or financing a solar Photovoltaic (PV) facility? The solar industry has evolved rapidly from 2006, and the bustle of activity surrounding this renewable energy source continues.  Today, the costs of…

PESI Meets BSG

In May of 2013, I was fortunate to be part of the Partner team who met with Birdsall Services Group (BSG) as part of a corporate acquisition process.  It was not your typical visit by one company looking to acquire another, where executives meet behind closed doors and negotiate a deal.  We came in with…

CHECK UP – PCAs CAN PROTECT AGAINST DEAL-KILLERS

Property Condition Assessment Reports (PCAs) provide a return on investment (ROI) that many equity investors might overlook.  PCAs yield ROI in three ways: protect buyers from bad purchases; provide buyers with information for price negotiations with sellers; and find opportunities to improve building value post-purchase. As noted in the article; “Not all PCAs are the…

Seismic Risk Assessment and Seismic Probable Maximum Loss Reports

Seismic Risk Assessments are an assessment that can be “forgotten” when the lender/buyer is not themselves in a seismic risk zone. Property that is in a high risk seismic zone should be evaluated for loss during “the big one.” Seismic Probable Maximum Loss Reports are engineering reports that evaluate the expected amount of loss that…

Essential of Seismic Risk Assessments Webinar

Partner’s Technical Director – Structural Engineering, Joshua Marrow, PE and Principal, Jenny Redlin, REA presented an informative webinar today regarding the Essentials of Seismic Risk Assessments. This hour long presentation covered many important topics such as; Why do we perform Seismic Risk Assessments? Who are Seismic Risk Assessment Users? Why a Seismic Risk Assessment is…

Partner Spring Webinars

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…

Heeding Green Advice

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…

Property Condition Assessments and Reports

Engineering due diligence is an important part of the property transaction process. Like environmental due diligence, there are a variety of engineering due diligence products to assist in evaluating an asset. Engineering due diligence can provide a wealth of knowledge about the physical condition of a property. During a Property Condition Assessment, the building systems…