PFAS can be a game changer in commercial real estate transactions. As evolving policies expand the scope of potential liabilities and cleanup costs, environmental professionals must consider what steps they can take to address, mitigate, and manage PFAS-related risks at potentially impacted properties.
Billions of dollars are earmarked for environmental cleanup and related redevelopment projects.
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...
The proliferation of the legal production and sale of cannabis throughout the U.S. has led to tremendous growth of the industry in a relatively short period of time.
In the wake of the global pandemic, we have seen an undeniable acceleration of existing work-life, geographic, and demographic trends.
ESG (environmental, social, governance), along with macro and mega economic trends are transforming the commercial real estate market and impacting brownfields redevelopment.
The commercial real estate market is booming! Certain trends and drivers of change continue to fuel robust transactional and redevelopment activity, including the adaptive reuse of CRE, which gives older structures and spaces new life and purpose.
Watch the webinar recording of An Economic Outlook for 2023: The Forecast for CRE from January 10, 2023.
Watch the webinar recording of PFAS Impacts on CRE: Practical Tips for Navigating Environmental Due Diligence from September 27, 2022.
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.
In a commercial real estate transaction, it’s common for the original buyer to assign the purchase agreement prior to closing or for a different party to otherwise take title to the relevant property.
The year 2022 started out peacefully enough. The 10-year U.S. Treasury bond yield was a borrower-friendly 1.6 percent, and most Americans, if asked, could not locate Ukraine on a map. Further, in the minds of many investors, high inflation was generally thought to be transitory.
A tale of two office markets is unfolding in Manhattan as a growing number of tenants ditch older spaces for newer or recently renovated buildings.
The commercial real estate debt market crumpled last year, weighed down by historically aggressive interest rate hikes, but one little-watched corner of the sector has stepped in to partially fill the void.
Nathalie Palladitcheff gets asked all the time when things will get “back to normal” in the commercial real estate world, but the chief executive of Ivanhoé Cambridge thinks the premise of the question is flawed.
This year was a chaotic one for commercial real estate, as things like interest rates and construction costs soared and the office market continued to suffer.
That empty high-rise office building in your neighborhood may soon be turned into housing. Silverstein Properties, one of America's largest commercial landlords, announced in the first week of...
Earlier this month, roughly 68% of voters in New York voted to approve a ballot measure that will allocate billions of dollars for climate spending.
For the leaders of some of the biggest investment vehicles in commercial real estate, the matter of whether the U.S. is on the verge of a recession is no longer a question of if, but when.
U.S. inflation stubbornly rose again last month — even as energy costs dropped — all but ensuring that the Federal Reserve Board will raise its benchmark interest rate by 0.75% at its meeting later this month.
A whopping 70% of CRE professionals recently surveyed by Trepp say they think the office sector will see the biggest uptick in distress for the remainder of the year, and 83% said CRE/CMBS delinquencies will worsen over the next six months.
Political backlash against environmental, social and governance investing is on the rise amid calls by the Securities and Exchange Commission to mandate climate reporting, with several...
Commercial real estate may be ahead of most industries on the ESG adoption front, given the inherent wastefulness of most office buildings.
Impending developments have the potential to affect property transactions from the perspective of acquisition, disposition, and financing.
Economic uncertainty, soaring interest rates and a working population that is behaving in unpredictable ways have created a dislocated lending environment for commercial real estate.
With inflation running at multi-decade highs and markets decidedly risk-off against the backdrop of rising interest rates, recession is top of mind.
The Federal Reserve raised interest rates by another 75 basis points Wednesday as it continues to compete on two fronts: combating inflation and trying to prevent a painful recession.