PFAS UPDATE: Key Strategies for Navigating Environmental Due Diligence
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.
HISTORIC INFRASTRUCTURE FUNDING YIELDS Extensive Opportunities for Remediation and Redevelopment
Billions of dollars are earmarked for environmental cleanup and related redevelopment projects.
ASTM’s Standard Guide For Property Resilience Assessments Of Buildings
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...
Cannabis and CRE: Exploring Environmental Compliance and Due Diligence
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.
Send in the Drones – A New Tool in Environmental Risk Research
By Kevin Grover & ERIS staff. The environmental risk assessment business changes...
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.
Webinar – Integrating Climate Risk Assessment with Environmental Due Diligence
Join us February 23, 2023 at 1:00 PM Eastern Time for a free webinar "Integrating Climate Risk Assessment with Environmental Due Diligence".
Voluntary and Mandatory Climate Disclosures: Key Considerations for Companies
Companies should be thoughtful and strategic about how they structure their voluntary and mandatory climate disclosures.
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.
PFAS and your business: Identifying and investigating PFAS impacts
Most businesses understand the need to conduct environmental due diligence when buying or selling real estate, but many businesses may not have a good understanding of how to investigate and mitigate the potential risk posed by the presence of PFAS compounds.
Are You Insured? What Property Owners Need to Know Before Allowing Environmental Work
Property owners that allow access to their property for environmental work often seek to be included as “additional insureds” on insurance policies held by those doing the work.
PFAS & Real Property Transactions: The Essentials of Diligence and Compliance
Webinar
PFAS: Massive Class Action, Due Diligence, and PFAS in Containers
There have been some (more) developments with respect to per- and polyfluoroalkyl substances (PFAS). Some of the recent developments are potentially very significant.
New Standard for Phase I Environmental Site Assessments
First established back in 1993, Phase I Environmental Site Assessments have become a ubiquitous component of environmental due diligence supporting most commercial and industrial real estate transactions in the United States.
Sellers Push for Shorter Due Diligence Periods Amid Supply Chain Issues
Like many companies, third-party diligence companies are feeling the strain of supply chain disruption. It seems that no industry is exempt from the supply chain issues that are plaguing the economy.
Revised Phase I ESA Standard Released by ASTM
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...
At the same time that Federal courts are strictly enforcing the requirements for All Appropriate Inquiries, ASTM International has issued additional, potentially challenging revisions to the E1527...
ESG: The New Must-Have in the Due Diligence Process
An ESG assessment may provide a potential acquirer with a detailed analysis of a company’s ability to operate successfully in a corporate world with growing environmental awareness.
I Love It When SCOTUS Reminds Me How Clear and Unambiguous CERCLA Is
Yesterday, the Supreme Court ruled that only settlements that explicitly resolve liability under CERCLA trigger the contribution provisions of section 113 of CERCLA.
Going digital in the field: lessons in adoption from operators
Research and case studies documenting the solid payback from digital field operations aren’t new but with the oil and gas industry...
A Phase I Environmental Site Assessment is a report that identifies recognized environmental conditions (RECs) on real property to evaluate environmental risks and liabilities associated with the property.
The ASTM is in the process of updating its Standard Practice for Environmental Site Assessments: Phase I.
Environmental Due Diligence of Commercial Property
Under federal environmental laws, purchasers of commercial real estate who conduct an environmental due diligence inquiry may be entitled...
An Update on Pending Revisions to the Phase I Environmental Site Assessment Standard
ASTM International is required to review and either update or renew the existing version of its ASTM E1527 Phase I Environmental Site Assessment standard (Phase I ESA standard) every eight years.
Can You Resuscitate an Elderly Phase I?
The majority of Phase Is are prepared by a prospective purchaser or lessee of real property seeking to secure bona fide purchaser protection (BFPP) under the CERCLA.
New Phase I ESA Standard Coming in 2021
Brush up on the top 6 potential changes to the ESA Standard (ASTM E1527).
Important to do Environmental Due Diligence
People buying commercial property understand the importance of conducting a Phase I Environmental Site Assessment (ESA) prior to closing...
