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September 18, 2014

More Lenders Requiring Innovative Remediation Solutions

By Partner ESI

REQUIREMENTS TO UTILIZE MORE INNOVATIVE, OUT-OF-THE-BOX SOLUTIONS TO ADDRESS CONTAMINATED PROPERTIES

When dealing with contaminated properties in residential and commercial settings, many developers are leveraging the cleanup process not just to achieve site closure, but also to improve the property value. The trend in property remediation has gone from simply covering up the problem or blocking it off to a more organic and visually appealing way of dealing with contamination. From an environmental perspective, the main concern is to perform all of the actions required in the Remedial Action Plan. For owners and lenders, there is more of a long term benefit in improving the final appearance of the property and its perception within the community.

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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