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You are here: Home » Resources » Articles » Environmental Due Diligence 101: Why Is It Required?

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

Partner Engineering & Science, Inc. is a full-service engineering, environmental, and energy consulting and design firm with over 1,000 professionals with experts based in locations throughout in the United States, Canada, Caribbean & Latin America (CALA), and Europe. As industry leaders in due diligence assessments, they bring over 100 years of collective experience to complex engineering challenges and risk management in commercial real estate and development. Founded on technical excellence and client service, Partner's team includes licensed Professional Engineers, Environmental Professionals, Geologists, Architects, LEED Accredited Professionals, and other credentialed specialists who provide comprehensive solutions across the real estate lifecycle. Their deep expertise spans environmental site assessments, property condition assessments, seismic risk analysis, construction risk management, industrial hygiene, energy efficiency consulting, regulatory compliance, and more.

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