By Michael Gross, Gage Kellogg |Published March 31, 2021
It is estimated that there are over 15 million acres of contaminated land in the U.S. alone, according to the National Renewable Energy Laboratory. This land includes landfills, former industrial and coal sites, and other types of brownfields. Although these properties can be a financial burden to
Demystifying ALTA Surveys: Pro Tips and Table A Items
By Robin Rednose-Lewis |Published March 30, 2021
As the 2021 ALTA Survey guidelines came into place, helping real estate professionals navigate the changes and demystify the hard-to-understand Table A items is key to successful deal closings. On a high level, a typical
Why Zoning Reports Are Critical For New York City Commercial Real Estate Transactions
By Melissa Dahl |Published March 29, 2021
If you are considering acquisition of a commercial real estate property, your lender might require a Zoning Report as part of the due diligence process. In many areas of New York
Climate Change and ESG Impacts on Commercial Real Estate
By Tony Liou |Published March 23, 2021
As President Biden signs sweeping climate change executive orders, the commercial real estate industry is also ramping up the conversation around Environmental, Social, and Governance (ESG). Just this month, at the virtual MBA CREF21: Lending, Investing, Servicing and Technology Convention &
By Nicole TK Moore, REPA |Published March 23, 2021
When there’s a change that affects around 250,000 commercial real estate deals a year, it’s a big deal. This is about to happen in 2021. I’m talking about the Phase I Environmental Site Assessment (ESA) – the nationally recognized standard for evaluating environmental risk at a commercial property
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