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October 27, 2011

Environmental Due Diligence 101: Why Is It Required?

By Partner ESI

A Brief History of the Laws and Standards Behind Environmental Due Diligence…

…and why it is conducted prior to a CRE transaction. Why does the commercial real estate industry do environmental due diligence during a transaction? What are some of the laws that created the need for environmental scrutiny, and why is a Phase I Environmental Site Assessment (ESA) often required? For those that may not be familiar, below is a brief background on where all these requirements came from (and a whole bunch of acronyms that go with them).

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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