Welcome to the Commercial Real Estate Expert Blog! A host of industry leading real estate professionals, lawyers, and consultants providing the latest in real estate relevant news and advice.
Is a VEC a REC or a de minimis environmental condition?
A video on Probable Maximum Loss (PML) Seismic Damageability Assessments.
Video on Phase I ESAs.
Expected Environmental Loss (EEL) on a Vapor Encroachment Condition (VEC)? Expected Environmental Loss is a term I coined and introduced on my previous blog post. EEL is essentially the mean or expected loss that an owner will experience if they own a given asset with an associated recognized environmental condition (or Vapor Encroachment Condition, VEC). The term…
Fannie Mae has come out with an update to Form 4262. Some of the changes that are now included is a seperate worksheet to “Insert Brochures or Documents.” To view the the worksheet go to Partner Engineering and Science’s Fannie Mae page.
We hope this video will help inform the commercial real estate industry about the purpose of a PCA, the PCA process, and the value of the Property Condition Report (PCR).
Having worked as an independent contractor, and as staff for local, regional, national and international environmental and engineering consulting firms, I’ve come to understand the benefits provided at each level. Some clients prefer working with smaller, local consulting firms over large national firms. Perhaps they cite that independent contractors or local consulting firms have 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…
Bundle or “one call” due diligence (ESA, PCR and ALTA) provides simplicity for commercial real estate buyers
If I own 100 gas stations for 20 years, what is my Expected Environmental Loss (EEL)? For an environmental consultant to provide some sort of measure of “expected” environmental risk and related financial loss, as opposed to the worst-case risk, is extremely valuable to real estate investors. Real estate investors constantly balance risk and reward. …
