Environmental Due Diligence: Understanding Phase I Site Assessments and Recognized Environmental Conditions (RECs)

Phase I Environmental Site Assessments (ESAs) are performed in order to identify any known or potential environmental issues that may have impacted or have the potential to impact the property. These assessments consist of a research-based investigation involving an inspection to observe current property operations, historical research of past uses, [...]

By |2023-07-14T15:52:52-04:00July 14, 2023|News|0 Comments

A New Phase I ESA Standard: What Has Changed and How Does it Affect My Environmental Due Diligence?

The American Society for Testing and Materials (ASTM) standard for Phase I Environmental Site Assessments (ESA) was recently revised and published in November of 2021 as ASTM E1527-21.  The reason for the revisions is that all ASTM standards have an 8-year shelf life.  Once you approach the shelf life of [...]

By |2023-07-14T15:15:36-04:00July 14, 2023|News|0 Comments

Is There a Difference Between Ohio EPA VAP and Other Environmental Due Diligence Tools?

Are you considering purchasing a commercial or industrial property that may have environmental contamination?  Are you curious about the difference between the Ohio EPA Voluntary Action Program and ASTM Phase I ESA/Bona Fide Prospective Purchaser Defense? Since 1994, the only way for a purchaser in Ohio to receive a release [...]

By |2023-01-23T09:38:50-05:00January 23, 2023|Due Diligence, News|0 Comments

Is There A Difference Between Ohio EPA VAP and Other Environmental Due Diligence Tools?

Are you considering purchasing a commercial or industrial property that may have environmental contamination? It is critical to consult with a qualified team that can provide you with a full evaluation of risks that typically accompany the purchase and redevelopment or reuse of the contaminated property. Learning the difference between [...]

By |2022-12-20T16:13:37-05:00December 20, 2022||0 Comments

Environmental Business Risk in Commercial Real Estate Transactions

While ASTM defines Business Environmental Risk (BERs) specifically, all conditions identified in environmental due diligence could be characterized as Business Risks with potential time, cost, stigma, and other obstacles to completing a transaction or preserving a real estate asset. This webinar will address examples of conditions encountered and the art [...]

By |2022-11-11T16:31:44-05:00November 9, 2022||0 Comments

The Alphabet Soup of Ohio Due Diligence – AAI/ASTM/BFPP/VAP

Environmental due diligence, it’s not just a game of alphabet soup. From ESA, TSA, ASTM, AAI, REC, CERCLA, RCRA, UST, VAP, BFPP, COC, BUSTR, SBA to VI, the acronyms are plentiful. Should you conduct an ASTM/AAI Phase I, or a TSA, or maybe go through the VAP? Do you have [...]

By |2021-04-15T15:53:47-04:00April 15, 2021|News|0 Comments
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