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May 7, 2015

Can Retrofit Ordinances Create Liability Risk?

By Partner ESI

THE AIM OF SEISMIC RETROFIT ORDINANCES IS TO CREATE A MORE SEISMICALLY RESILIENT BUILDING STOCK, LIMIT…

…costly damage, and most importantly – protect life safety of building occupants in case of a severe seismic event. To what extent does non-compliance expose property owners and managers to liability risks? Mandatory seismic retrofit codes and regulations are increasingly being enforced in cities across California. San Francisco has implemented the Mandatory Retrofit Ordinance, and a similar (and even more expansive) requirement is expected to go into effect in Los Angeles later this year.

Continue reading the GlobeSt blog here.

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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