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 […]
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 […]
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 […]