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.
ASTM E2600-10 Standard for Vapor Encroachment and its implications for the Phase I ESA process.
You’ve been told you need to have a Phase I Environmental Site Assessment (ESA) and now may be looking for answers to the questions: Why you need one Where you get them How much they cost How long do they take Will it meet the Small Business Administration (SBA) environmental requirements . When ordering a Phase I…
If you are buying a commercial property, you need to do environmental due diligence. The gold standard for due diligence is the Phase I Environmental Site Assessment. The Phase I ESA is basically a research project into the properties current and past use and how these uses could potentially affect the environment. As a buyer,…
Seismic Damageability Reports and Probable Maximum Loss Reports are terms that are used interchangeably in the engineering due diligence field. In both instances, engineers are engaged to quantify the amount of seismic risk associated with a building. Most engineers prepare reports according to ASTM E 2026-2007 guidelines. While Probable Maximum Loss (PML) is by far the…
Property Condition Report What is included in a Property Condition Report (PCR)? The short answer is that the Property Condition Report evaluates all improvements. Most Property Condition Reports done for lenders are done within the scope and limitation of the ASTM Standard E2018. My firm, Partner Engineering and Science, typically defines the scope as follows: Conduct…
When ordering a Phase I Environmental Site Assessment in North Carolina, careful consideration should be given the credentials of the firm and their experience with similar property types. Partner Engineering and Science has been involved in more than 5,000 environmental site assessments in North Carolina covering a wide range of property types.
Entry by JoeDerhake Entry There has been much discussion about the creation of a national environmental professional registration system and having a new ASTM Standard to require that a ‘Registered’ Environmental Professional conduct a Phase I Environmental Site Assessment (ESA). I support such a requirement, as Environmental Professionals too often have to compete with either…
