I am often told by real estate owners that they have a “dry cleaner headache”. Dry cleaners can easily become a real estate headache for a real estate owner and often, can develop into a real migraine. What is this headache? The headache I am referring is caused by a carcinogenic chemical known as PCE.
PCE or tetrachloroethene (also known by at least 40 other names), is primarily used in dry cleaning. Such operations can result in a release of PCE at the site with entry to soil beneath the building. So what specifically is the issue, the migraine associated with a PCE release? It consists of two parts. Firstly, the potential for exposure of PCE vapor to occupants of the building, and secondly the possibility of PCE entering water beneath the site and therefore impacting local drinking water. What is the best method to address a PCE release? Find an experienced PCE doctor: an experienced consultant with a background in all aspects of PCE characteristics, release scenarios, migration properties, cost-effective cleanup options and applications, and experience working with regulatory agencies and providing litigation support and expert witness testimony. In upcoming blogs, I will take a look at how PCE can become a migraine to a real estate holder, what to do to diagnose and analyze the problem, and remedies to address the release in a timely and cost effective manner.
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December 04, 2024
Partner Engineering and Science, Inc. is pleased to announce the appointment of Nik Van Vliet as its newest commercial lending specialist, bringing over 17 years of expertise in commercial lending and specialized SBA financing to the organization.
December 04, 2024
Many national retailers use the NNN sale-leaseback model to expand geographic presence while reducing debt and avoiding the risks of real estate ownership the risk to be successful in a sale-leaseback investment. By engaging a consultant expert in CRE as well as the engineering and construction of commercial buildings, sale-leaseback investors can protect their cash flow and capital while enjoying the hands-off ownership experience.
November 26, 2024
In this Globe St. article, Jason Coray discusses building stability and how to assess the seismic risk and building stability for your commercial real estate (CRE) property or portfolio.
