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You are here: Home » News » Michigan CRE News Q4 2018

December 26, 2018

Michigan CRE News Q4 2018

By Partner ESI

Environmental due diligence considerations

If you are transacting a contaminated property in Michigan, you need to understand Michigan’s Baseline Environmental Assessment and Due Care Obligations. Partner’s Wes Skinner, CHMM explains what buyers and lenders need to know in this short video blog.

PFAS: Gaining more attention in due diligence

PFAS consist of a class of chemicals widely used for manufacturing, and PFAS contamination has been a growing concern across the country. In Michigan, numerous sites have been discovered with high levels of PFAS in drinking water or surface waters, with sources including common manufacturing operations like plating.  As a result, potential PFAS use is factoring more into how environmental professionals approach due diligence. Read more in this recent blog by Partner’s environmental team.

How Vapor Intrusion has been unfolding

Vapor Intrusion is a growing source of concern for real estate owners due to the volatile nature of organic compounds and their ability to impact air, soil, water and neighboring properties. The MDEQ proposed extensive new cleanup criteria rules for environmental assessments and on-site remediation of vapor intrusion, and is re-evaluating previously closed sites throughout the state. While the changes are still in review, MDEQ has implemented the evaluation of potential vapor intrusion risk as part of the “No Further Action (NFA)” standard requirements. Make sure to engage with any of Partner’s environmental professional experts for guidance and help navigating through the regulatory process and reaching the NFA status.

In case you missed it, check out Partner’s webinar about the technical application of recent Vapor Intrusion regulation changes and the updated clean up criteria for Michigan.

Community impact

Partner grabs their tools to go work for Habitat for Humanity! In addition to volunteer events at Habitat for Humanity Restore locations, the Michigan office has helped build two residences in the state.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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