How To Know If Your Project Needs A Phase I Environmental Site Assessment

Environmental Site Assessment

Suppose you are a commercial property owner looking to buy or sell your property. Before finalizing your contract, a Phase I Environmental Site Assessment is strongly recommended if it wasn’t already made a requirement from the bank handling your primary financial transactions. A Phase I ESA is likely the cheapest form of due diligence and […]

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What Do You Understand by Preliminary Site Investigation?

Environmental Site Assessment

Environmental assessments are usually conducted to obtain information about the subject property and analyze its historical uses. These steps are taken to ensure that there is no potential for contamination. The assessments are also conducted to minimize any risks to human health or the environment. This article focuses on on-site inspection, precisely what a Preliminary […]

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Top 5 Impactful Points of Environmental Site Assessment

Environmental Site Assessment

A Phase 1 Environmental Site Assessment is recommended anytime a commercial or industrial property needs to be developed, bought, or sold. This assessment is mainly conducted to examine the potential contaminations and its effects on the subject property. If the contamination exists, the process of reduction and elimination is carried out by gathering any and […]

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Difference between Phase 1, Phase 2, and Phase 3 Environmental Site Assessment.

Environmental Site Assessment

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 […]

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What is the next step if your Phase I Environmental Site Assessment has evidence of potential contamination?

Environmental Site Assessment

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 […]

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