Climate risk considerations have taken center stage in commercial real estate. ERIS met with the chair of the new ASTM task group focused on standardizing property resilience assessments to discuss the committee’s work and what the new guide means for...
Although ASTM's Standard Guide for Identifying and Complying with Continuing Obligations (E2790-20) doesn't get the star treatment the Phase I standard enjoys, it plays a critical role in the environmental due diligence continuum, kicking in for property owners who acquire contaminated sites.
Watch the webinar recording of Dry-Cleaning Sites: Important Considerations for Environmental Due Diligence and Remediation from July 19, 2022.
Watch the webinar recording of How to Identify and Manage PFAS Risks in CRE Transactions from February 8, 2022.
Watch the webinar recording of A revised ASTM Standard for Phase I ESAs is HERE from November 1, 2021.
On November 1, 2021, ASTM International released its revised standard for Phase I Environmental Site Assessments. On March 14, 2022, the U.S. Environmental Protection Agency (the “EPA”) published a Direct Final Rule that confirmed the new ASTM standard, ASTM E1527-21, could be used to...
This morning we read that it might take EPA a bit longer than anticipated just a few days ago to bless the new ASTM standard for environmental site assessments.
Real estate professionals are no doubt familiar with the use of Phase I environmental site assessments (Phase I ESAs) in the context of the sale, purchase or lease of real property.
ASTM International released its revised standard for Phase I Environmental Site Assessments on November 1, 2021. The new standard (ASTM E1527-21) updates the 2013 version of the standard (ASTM E1527-13), which is widely used by the commercial...
Phase I environmental site assessments (“Phase I ESAs”) play an important part in real estate due diligence and can constitute “All Appropriate Inquiry” (“AAI”) under the liability protections afforded by the U.S. Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”)...
Here's what CRE transaction parties need to know about the Phase I ESA standard changes.
On November 1, ASTM International (ASTM) released a revised standard for conducting Phase I Environmental Site Assessments (Phase I ESAs).
ASTM is expected to release a revised international standard for Phase I ESAs in December of 2021 that will clarify a number of key components of the standard and elevate the importance of PFAS.
After a lengthy committee process, ASTM International revised its standard practice for Phase I environmental site assessments (ASTM E1527) for the first time since 2013.