The evolving technology landscape is transforming the everyday practices of environmental and business professionals with accelerating impact. In the environmental due diligence space, drones have transformed site inspections and compliance monitoring.
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.
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 from February 23, 2023 at 1:00 PM Eastern Time for a free webinar "Integrating Climate Risk Assessment with Environmental Due Diligence".
Corporate mergers, asset acquisitions, and divestitures often include a variety of environmental components or considerations
Researchers at the University of Rhode Island SRP Center, led by Rainer Lohmann, Ph.D., developed a passive sampling device to monitor per- and polyfluoroalkyl substances (PFAS) in wastewater...
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.
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.
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.
There have been some (more) developments with respect to per- and polyfluoroalkyl substances (PFAS). Some of the recent developments are potentially very significant.
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.
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.
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...
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.
Yesterday, the Supreme Court ruled that only settlements that explicitly resolve liability under CERCLA trigger the contribution provisions of section 113 of CERCLA.
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.
Under federal environmental laws, purchasers of commercial real estate who conduct an environmental due diligence inquiry may be entitled...
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.