Posted on: 09 Jul 2020
A Phase 1 Site Assessment has four significant steps: • Records review Record Review is the first step to any phase 1 environmental. It requires an extensive background search of the property to assess any past activities that could lead to contaminations. The first step is to determine what the subject site and its neighboring […]
Posted on: 17 Jun 2020
Phase 1 site assessment is a mandatory assessment that is carried out when buying or selling any property. It helps determine whether the property is in a good state and whether it will sustain over time. To conduct Phase 1 Environmental, you will first require a competent assessor from any environmental consulting company. It is […]
Posted on: 01 Jun 2020
The main reason consultants are hired for an ESA is to determine the safety and longevity of a property. It is important to carry out environmental due diligence when buying, selling, or even refinancing a property. Doing so ensures that all legitimate environmental and fiscal risks are mitigated. ESA’s are especially mandatory when purchasing a […]
What is the next step if your Phase I Environmental Site Assessment has evidence of potential contamination?
Posted on: 14 Apr 2020
The purpose of the Phase I Environmental Assessment is to identify actual or potential site contamination. When selecting a new project, either a residential, commercial, or large-scale land development, environmental due diligence, specifically a phase i environmental assessment, is a critical step in choosing the right property. Most commercial real estate transactions require a level […]
Why a Phase I Environmental Site Assessment is required before any significant land purchase or building development.
Posted on: 26 Feb 2020
When selecting a new project, either a residential, commercial, or large-scale land development, environmental due diligence, specifically a Phase I Site Assessment, is a critical step in choosing the right property. Developers, investors, and users may focus on the location, the structural integrity of the building, or the value of the commercial property, but performing the appropriate environmental […]