How do you go about protecting yourself from acquiring environmental liability? The best answer is to do a Phase I Environmental Site Assessment (ESA). In the process of doing so, let’s say that you uncover something so scary that you’re ready to head for the door (such as your desired property is on an EPA Superfund Site).
The following was my experience when a real estate advisory client that was interested in acquiring a regional shopping center came to me already knowing that there was a Superfund site near the shopping center. They needed to find some options that would convince them and their client that they could safely close the deal.
The details of this Superfund site and the subject property at the time of the transaction (2003) were as follows.
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February 03, 2025
Do you have portfolio expansion needs in multiple states? If so, you will need Geotechnical Consulting services to help with site selection, to check for geologic hazards and soil conditions, vet the quality of existing site features to remain in-place, and/or to support project design and construction.
January 31, 2025
Partner’s Emergency Fire Response Services As wildfires have become regular occurrences in southern California, Partner recognizes the difficulties that property owners face to bounce back. Partner’s experienced multi-disciplinary team is […]
January 28, 2025
In this Partner newsletter, we are taking deep dives into several urgent topics in commercial real estate, including evaluating and mitigating transition risks, how property resilience measures may impact the insurability of assets, and PFAS risk assessment and remediation strategies.
